Profitable Commercial Mail Center and Coworking Office for Sale

Boston, MA

Seller Financing Available

Reception
Asking Price:$225,000
Gross Revenue:$350,000
Rent:$16,500/Month
FF&E:$50,000
Cash Flow:$75,000
Inventory:$1,000
EBITDA:$50,000
Established Year:2014
BUSINESS DESCRIPTION

Easy to operate business for first time buyer. The Company is a coworking office and Commercial Mail Receiving Agency (CMRA) located in Boston, MA and has been in operation for more than 10 years (one of the first coworking offices in Boston). The business is a professional and contemporary shared workspace offering the following services: (1) mail services (business mailing address, mail scanning, check deposit, and mail forwarding), (2) flexible desks, (3) dedicated desks, (4) private offices, and (5) private meeting and event space and networking opportunities for entrepreneurs and small businesses. The Company has more than 1,500 customers comprised primarily of small businesses in a wide range of industries. The mail services offering has grown rapidly in recent years and currently covers approximately 100% of the rent expense.


DETAILED INFORMATION
Location
Boston, MA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,325
Lease Expiration
30/11/2029
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
office desks, tables, TVs, phones, chairs, modem and router, printer, scanners, mailboxes, etc.
Competition
Most coworking offices in the area have gone out of business, but some competitors remain.
Growth & Expansion
mail services, private office sales, conference room and event bookings
Financing
Seller may provide up to 30% financing for a qualified buyer
Support & Training
Training and support for 2-4 weeks
Reason for Selling
Owner is absentee and moved to the west coast more than 3 years ago

BUSINESS LOCATION
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Jon
Taylor
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Jon Taylor