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Business ID BS9647

Attractive Co-Working Space Business For Sale in Melbourne

Income to owner of over $90,000 for FY2019 Sale Price $110,000

The owner has setup this business based on what he personally needed in terms of an operating environment for his own ventures – access to desk spaces with 'no complicated contracts' and simple pricing structure. As one of the early pioneers in the co-working industry, the business has implemented systems and processes to allow the owner to manage the operation efficiently. 

Business Highlights: 

  • Located in an inner city location with access to public transport, cafes and shopping 
  • Occupies a 2 level building with an area in excess of 800 sqm 
  • Extensively updated and renovated to create an attractive co-working spaces targeted at creative startup and small businesses 
  • Currently configured into 76 workstations, warehouse space, 3 boardrooms/meeting rooms, 2 quiet rooms, 2 kitchens, lounges, toilets, shower, bike storage and loading/car parking areas.
  • Occupancy rate varied between 75% to 98% over last 3 years 
  • Tenants include small businesses, entrepreneurs who prefer to live and work locally, digital nomads travelling through Melbourne, startups, creative agencies, freelancers looking for a flexible office space, larger companies setting up in Melbourne with space to grow 

While the owner has operated this co-working business along with his other businesses, he has decided to sell the business due to the demand and commitment of his other ventures.  

This business provides an ideal opportunity for an individual or a business: 

• Entry opportunity into the growing Co-working industry

• Opportunity to be part of the exciting startups and small business eco-systems

• Use of “free areas” as the overhead is covered by the revenue from others paying for using and sharing the spaces

• Provide networking and collaboration opportunities with other business owners

• Potential to sell or offer additional services to existing tenants 

Asking Price: $110,000 

Xcllusive Finance

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