$1,260,000

Turn-Key Franchise in Shared Office Space

California/Undisclosed
Financials
  • Price: $1,260,000
  • Gross Income: $202,452
  • Cash Flow: $0
  • FFE: $0
  • Inventory: $0
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #10317
  • Year Established: 2019
  • Financing: Owner $150,000 at 6% for 12 months, SBA Approved for $960,000
  • Training: 2 weeks, 40 hours per week, 1 week with Franchiser
  • Facilities: The current lease expires 8/2029, 13,124 square feet, Franchise Terms, Tfr fee $29,500, Hours Monday thru Friday 9 am to 5 pm, 24/7 Client
  • Competition:
  • Growth:
  • Employees:

Property Descriptions

$150K down, $150K 12-month note, and assumption of an SBA loan, get you into a Venture X shared work facility franchise. The owner spent approximately $2.5 million in 2019 building out an executive 13,124Sq Ft. shared office space. Typical cost per the franchisor (1.5m-3m). In just a few months after opening revenue rose to $44k a month. The COVID-19 lockdown has had a severe impact, but revenue has stabilized at $25K a month. Both the landlord and SBA lender have made huge concession which a buyer can take advantage of immediately. With a $150K down & 150K 12 month note, a buyer can assume a loan balance of approximately $966,000, with payments of $7061 a month, and have positive cash flow. Shared office space is predicted to boom once the pandemic is over as companies big and small abandon traditional fixed cost space and employees work from home, need only a place to meet clients or attend group meetings. 10317

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Business Listed By

Michael Floorman 1475 S Bascom Ave, Suite 113, California, Campbell
  • E-mail : sanjose@business-team.com
  • Web : www.business-team.com
  • Phone : 408-385-0412
  • Company : BTI Group / Business Team
  • Listings : 204