Turn-Key Franchise in Shared Office Space

Not Disclosed, CA

Greater Bay Area


Asking Price: Annual Revenue:
$1,260,000 $220,008

Services: Non-classifiable


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RE: Turn-Key Franchise in Shared Office Space Broker: Jack Flowers
License #: 01160661
Owner Financing is Available!
$150,000 at 6% for 12 months

Quick Facts

Asking Price: $1,260,000
Annual Revenue: $220,008
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2019
Employees: Not Disclosed
BBN Listing #: 7388931
Broker Reference #: 10317

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Business Overview:

$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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Property Features and Assets:

The current lease expires 8/2029, 13,124 square feet, Hours Monday thru Friday 9 am to 5 pm This is a franchise, Tfr Fee $29,500, Royalty 6% SBA approved for $960,000

Reason for Selling:

Covid/Liquidity issues & health issues

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 a franchise resale opportunity.

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