Executive Suites Leasing and Management Business For Sale 

Absentee Owner

office building
 

Listing Number: 1628

Financial Information

Asking Price:       $350,000

 

Gross Revenue:  $650,000

Cash Flow:         $121,000

 

Business Description

An established and turnkey executive suite provider is available for sale! In business for over 30 years, the highly profitable business nets the absentee owner $121,000 per year; a working owner could net $195,000! Current ownership works a total of 1-2 hours per week and visits the business 2-3 times per month. The business has a demonstrated track record of high occupancy and low customer concentration.

Located in a large and beautiful building in a prime Middlesex County location, this business sublets over 40 individual offices and boasts numerous amenities including a very large reception area, a kitchen/lounge, ample covered parking, an interior conference room complete with a video conference system and much more. All offices are fully furnished; all furniture, fixtures and equipment (FF&E) are included in the asking price. Subtenant rent increases on a schedule which allows for revenue growth not subject to negotiations.

A variety of small businesses and independent consultants rent one or more executive suites; contracts are in place and occupancy is near capacity.

 
Growth and Expansion Opportunities
 

Opportunities exist to grow the virtual office business which would bring in additional income without many additional incurred expenses. A new owner could choose to add square footage allowing for an increased number of subtenants. The full-time employees are aware of the sale and would like to stay on for a new owner.

 
General Information
 
Support & Training: Seller will provide training and support to ensure a smooth transition
 

Employees: 2 FT / 2 PT

Contact Information

Molly Hanson
info@mabusinessbrokers.com