Co-working and virtual office in Midtown

Featured on BusinessForSale.com . 7 viewed

Asking Price

$333,000

FOR SALE - ACTIVE

Detailed Information

Location

New York, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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Business Description

This unique co-working and virtual office business is located in a prime Midtown spot offering abundant natural light and views of the Empire State Building. With the hybrid office trend gaining momentum, the business caters to both virtual and on-demand workspace needs. They boast a global network of workspace partners spanning various locations worldwide, providing subscribers with access to private offices, meeting spaces, workshops, and more. Virtual clients benefit from prestigious street addresses, mail services, admin support, and an online directory listing. Having experienced steady growth since 2020, the business has achieved substantial sales figures over the years, with a profitable owner's cash flow. The recent five-year lease extension secures a favorable rental rate for a spacious 2000-square-foot area in Midtown. A financially qualified buyer with a minimum of $233K in liquid funds is sought, preferably an owner-operator with management experience. Thorough training and transition support will be provided by the current owner, with proof of funds required for buyer-seller engagements

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