Tupelo Data Room
Other Service Businesses
Active

Profitable Coworking Space for Sale

Austin, Texas, United States
Asking Price$300k
Revenue$500k
EBITDA-
Cash Flow$90k
Description
This company, located in one of the fastest growing cities in Texas, is a community-focused urban space designed to promote creativity and collaboration among local entrepreneurs and artists. The company offers coworking memberships that cater to the diverse needs of modern professionals, remote employees & teams, and entrepreneurs. The company holds a number of strategic advantages in the coworking market. First, and most important, it has cultivated a strong community culture and a loyal member base over the past decade, making it a trusted and beloved local brand. It is located offers immense value - it is located between downtown and the airport and surrounded by a growing neighborhood full of new homes, apartments, and restaurants. The space itself is thoughtfully designed with a wide variety of work environments including open desks, dedicated desks, private offices, meeting rooms, an event space, and a small podcast and photo studio. Additional amenities such as treadmill desks, standing desks, free 24/7 access, onsite parking, and free monitor/equipment checkout further distinguish the experience. The space is also favorably positioned next to an extremely popular gym, a podcast recording studio, as well as locally popular restaurants.
Real Estate
Rent is $20,548 per month
Building Size: 7000 sq. ft.
Business is
Absentee Owner
Number of EmployeesFull-Time: 2Part-Time: 1
Year Established
2014
Reason Selling
The Owner wishes to pursue other business opportunities that demand more of his time. The business is stable and turnkey, with a capable team in place.
Facilities & Assets
The company leases approximately 7,000 s.f., at $20,548 per month. The current lease expires June 30, 2030, with an option to renew for 3 years.
Support & Training
Current owner is willing to train buyer for 30-45 days post-sale and without charge. The owner would be available for additional training or business consultation based on a negotiated rate.
Market & Competition
There are four other shared space companies in the market, but the owner does not believe this company has lost business to any of them.
Growth Opportunities
The company has several clear and actionable opportunities for growth: * Increase digital ad spend during conversion windows like January - May and August - October. This could significantly increase coworking memberships. * The company's shared desk area is currently operating at 50% capacity, so lots of room to grow without expanding the physical footprint. * Improving membership retention. Retention rates are OK now but could improve by taking very do-able steps. * Add additional locations in the area.
Financing Options
Seller financing is available.
Asking Price$300k