Business For Sale

Executive Office Suites

Rockville, MD
Montgomery County

Rockville, Maryland

Asking Price: Annual Revenue:
$1,200,000 $1,280,406

Commercial Real Estate: Office Space, Office Parks

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RE: Executive Office Suites Broker: Joe Nicolini

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $1,280,406
Net Profit: Not Disclosed
Cash Flow: $309,919
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 3
BBN Listing #: 5463630
Broker Reference #: 3353587137

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Business Overview:

This thriving office suite business consists of 79 rental suites, 6 conference rooms, 2 full kitchens, reception area, admin office and 2 office centers with copiers, fax machines and all other necessary equipment. Business boasts over 50% of units are contracted service agreements and continuing to grow. A 1MM full renovation of the area was completed by the landlord at the end of 2015 and others were done since then as well. Management is in place, but owner benefit reflects buyer assuming this position. The 2018 year to date shows a remarkable increase in occupancy. This industry is increasing in size and sales are already at 2 billion annually. Lender Pre-Qualified! Please refer to listing #3353587137 and ask for Joseph Nicolini when inquiring. Thank You!

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Property Features and Assets:

Lease/Month: $60,000; Square Footage: 22,820; Building Type: Office building; Terms & Options: TBD; Expiration Date: 1/31/2028.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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