Co-Working Business for Sale in New York County - 35713

Financing

$233,000 Down and $100K over 3 yrs. @ 7.5%.

Business Description

Fantastic Co-Working and Virtual Office Business in a Prime Midtown Location with lots of light and views of the Empire State Building. This is a truly unique business that is thriving due to the normalization of hybrid office work. They offer both virtual office and on demand work spaces. In addition, they have a global network of workspace partners with nearly 50 partners - from Bangkok to Thailand and across 15 states in the US alone. They offer competitive pricing, a prestigious address, an easily accessible midtown location, a profitable, subscriber-based business model, private offices, meeting & conference rooms, workshop, retreat & training, showrooms, pop-up stores, photo & film shoots. For virtual clients they offer a prestigious street address & mail receipt, mail scanning, notification & forwarding, admin support & phone answering, an online directory listing and much more. The business has seen year over year growth since 2020 with 2021 sales of $458,591, 2022 sales of $501,871, 2023 sales of $517,067 and 2024 sales trending higher. The trailing 12 months owner’s cash flow was $110,963.00. Their lease was recently extended by an additional five years with a rent of $7,500/mth for a 2000sf space, and this can be additionally extended for a well-qualified buyer. We are seeking a serious and financially qualified buyer with at least $233K in liquid funds. Although there are 3 full-time employees, the ideal buyer would be full-time owner-operator with management experience. There will be a thorough training and transition period from the current owner. Proof of funds will be requested before any buyer seller calls or meetings. All meetings must be made by appointment only!

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.