Hot Listing
Established Coworking Business - Semi-Absentee Opportunity
Business Description
Fully Operational Business with Growth Potential
This business is ready for new growth. Located in central New Jersey, it is halfway between New York City and Philadelphia. It has a business address with cachet. The largest sales components have stability and provide an excellent foundation. There are two other service components that provide exciting growth potential.
With a modern office and a talented and dedicated staff, this fully functional business is ready for a seamless transition. Full training and assistance are included as are financing opportunities, Since the enterprise is fully operational, start-up costs are minimal.
With a modern office and a talented and dedicated staff, this fully functional business is ready for a seamless transition. Full training and assistance are included as are financing opportunities, Since the enterprise is fully operational, start-up costs are minimal.
About the Business
- Years in Operation
- 11
- Employees
- 2
- Franchise
- This business is an established franchise
- Facilities & Assets
- Class A Professional Office business suite built in 2013 is offered, which includes all furnishings – for offices, meeting rooms, kitchen, reception area, and administrative. A new lease with Tenant Improvement Allowance will need to be negotiated, which is excellent timing, due to 15-20% reduced commercial real estate rates. LEED Silver Core & Shell certified in 2015. Located along Route 1 Princeton, NJ. in the prestigious Carnegie Center, the location is central to other parts of NJ and eastern PA. The office suite is 4190 Sq. Ft. and has free parking.
- Market Outlook / Competition
- The business has different niche competitors. For example, they range from a multinational corporation, to franchisees, to single proprietors. Some offer the same range of services, while others participate in only one of the four major segments we serve. Our competition is located within a 5-mile radius of our location. We emphasize services versus our competition.
- Opportunities for Growth
- There are several expansion possibilities within the segments we serve. Some are agreements with related companies and outside competitors who do not offer a particular service. With newer technologies, other services we offer can be modernized for greater efficiency. Add-on synergistic products can also be offered to provide breadth to the segments. There is excellent growth capacity in the segments served.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,190
About the Sale
- Seller Motivation
- Owner is Retiring
- Transition Support
- In addition to the 1-week corporate training, the current owner will collaborate with the new owner for the first month and as needed afterward. Educating the new owner on the business background and processes, plus sales, financials, and answering all questions, will provide a seamless transition. The business has a fully trained staff.
- Financing Options
- Franchisor will provide financing options
Listing Info
- ID
- 2335804
- Listing Views
- 3405
Listing ID: 2335804 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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