Mandated OfficeSpaceProvider to License Profession

Not Disclosed, GA

Metro Atlanta

Asking Price: Annual Revenue:
Not Disclosed $887,127

Services: Business & Office Services

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RE: Mandated OfficeSpaceProvider to License Profession Broker: Jeff Merry
License #: 242824

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $887,127
Net Profit: Not Disclosed
Cash Flow: $618,650
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 2
BBN Listing #: 209628642
Broker Reference #: TBH560

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Business Overview:

Founded in 2018, the business serves a mandate from the State licensing board that requires licensed professionals to have a properly zoned office in order to obtain a license through the state. The Board requires that this profession have a properly zoned office with a phone, desk, and locking file cabinet. The business leases small office spaces (avg. size 7’x7’) at the rate of $300/$425 per month to fulfill the licensing requirement. The business locations are strategically placed and serve the north metro Atlanta and surrounding areas. The business has 285 units/office spaces located in 6 buildings in 5 locations with very little competition. All units are continually occupied with a waiting list (of 30-40), with the current ownership having the capability to provide leads through multiple sources to ensure that the new owners continue to keep the units at full capacity. The business has ZERO A/R OVER 30 days. Two employees manage the buildings and 2 employees in the office oversee the day-to-day operations. The owners wish to retire.

Potential for Growth
There exists an immediate potential to expand revenues by adding additional properties to serve additional areas. Great add-on or absentee business as much of the company is automated and could be operated from a remote location. The business is highly profitable and enjoys upwards of 65% profit or higher.

2021 Projected Seller Discretionary Earnings $1.2MM

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Property Features and Assets:

The business operates from 2 leased facilities and 4 owned locations. Facilities have electronic entrances, electronic access to offices, remote control HVAC, breakrooms/restrooms, security cameras, and ample parking. The owned real estate locations are available for purchase.

Reason for Selling:

Other Interests.

Additional Details:

  • The property is owned.
  • 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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