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RE:  Executive Office Suites & Virtual Office Business Contact:  Timothy Dalton
License #: 206069

Quick Facts

Asking Price: $72,000
Annual Revenue: $111,000
Net Profit: Not Disclosed
Cash Flow: $20,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 1
BBN Listing #: 49448041
Broker Reference #: IBB1858

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Business Overview:

This business provides short-term and long-term office rentals for businesses, as well as very popular virtual office services. The unique thing about this business is they offer a complete menu of professional services to their tenants to include, full-time receptionist, use of a conference room, Wi-fi, landline phone with voice mail box, package and mail service. They provide an affordable option for professionals and businesses that need an office space or a virtual office. The business operates with one full time employee and does not require a full-time commitment from the owner. All tenants have full access to the building and their designated office space 24/7. The business has 16 office units, 1 conference room space, a reception/lobby area and a community kitchen/copy room. Successfully operating for over 25 years in the same location with no competition in the surrounding market. The owner has decided to retire making available this established turnkey business with unlimited growth opportunity for virtual offices. ***Seller is willing to finance remainder of purchase price with down payment of $48,000.

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Property Features and Assets:

Business is located in a professional office complex conveniently located to the interstate with ample parking.

Reason for Selling:

Owner is retiring.

Additional Details:

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

Documents:

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Social Circle Georgia 4,198/SF Office Building for Lease – $2500 RentOffice Building for Lease:4,198/SFTwo-LevelRent is $2,500 monthly.Real Estate Taxes are $250 monthly.The subject property, as referenced above, the property is located in southern Walton County within the City of Social Circle along the southeastern side of N. Cherokee Road just northeast of the intersection with Holly Street. The subject consists of three contiguous tax parcels totaling 7.112 acres and is further identified as tax parcel numbers SC140150, SC140120, and SC140151. The subject contains a retail strip center, a Victorian-style house converted to office use, and a larger former Victorian-style house converted to a family restaurant and a gift shop. The collective improvements are known as Blue Willow Village and have a total of 37,759 square feet of net rentable area.The total subject property consists of three components, or tracts, which area recorded as three different tax parcels and known as two street addresses; 264 N. Cherokee Road and 294 N. Cherokee Road. Tract 1, 264 N. Cherokee Road is a 0.862-acre parcel improved with a 1905 vintage, 4,198 square-foot single family home converted to an office uses. Tracts 2 and 3 are known by the street address 294 N. Cherokee Road. Tract 2 is a 2.408-acre parcel fronting along N. Cherokee Road and is improved with two structures; a two-story 7,581 square-foot restaurant building on a full basement that was originally constructed and used as a single-family home and a 1,480 square-foot retail building currently used as a gift shop. Tract 3 is a 3.842-acre tract and is situated behind Tract 2 but has frontage along N. Dogwood Road. It is improved with a retail strip shopping center with a total of 24,500 square feet in two buildings and is currently configured for occupancy by 9 tenants. The functional utility of the property is good based upon a comparison of similar properties in the market area.

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Revenue Not Disclosed

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