Packaged Office Business For Sale

Description

Business type: packaged office and flexible workspace business

Location: Burnaby, British Columbia

Current status: established operating business

Trading history: more than 15 years

Franchise status: independent non-franchise business

Asking price: CAD $625,000

Real estate: not included in the sale

Financial information

Revenue: $890,000

Cash flow: $180,000

Gross margins: stated as strong

Seller financing: may be available for qualified buyers

Premises and occupancy

Private offices: 57

Additional offices planned: 3

Office capacity: 2 to 6 people per office

Current occupancy rate: more than 80%

Additional tenants: expected shortly

Fully equipped kitchens: 3

Work environment: professional

Customers

Tenant base: established

Primary customer groups: professional service providers and entrepreneurs

Mental health professionals: significant tenant segment

Tenant reliability: stated as strong

Revenue channels

• Private office rentals
• Business services
• Meeting room rentals
• Identity packages
• Telephone services
• Mail handling

Operations

Operating model: simple and efficient

Owner training: comprehensive

Capital expenditure requirement: no significant expenditures stated

Lease

Head lease term remaining: more than 9 years

Head lease terms: stated as favorable

Prepaid rents: retained by seller

Tenant security deposits: retained by seller

Head lease security deposit: prepaid by seller

Buyer reimbursement: required for prepaid head lease security deposit

Assets included

• Furniture
• Fixtures
• Equipment
• Other business assets

Location

Building quality: stated as high

SkyTrain access: convenient

Major transportation route access: convenient

Expansion options

• Add 3 planned private offices
• Increase occupancy
• Expand business services
• Increase meeting room rentals
• Increase telephone and mail service revenue

Buyer requirements

Non-disclosure agreement: required

Buyer enquiries: serious inquiries only

Seller financing qualification: required if applicable