** UNDER AGREEMENT **
An established and turnkey executive suite provider is available for sale! In business for over 25 years, the business is highly profitable and is estimated to net the owner $120,000 this year primarily absentee and a working owner would net $180,000 yearly! This business is very attractive because it can be run by a full-time, part-time or semi-absentee owner. In previous years the owner spent several months away from the business at a vacation home.
Various corporations and independent consultants rent one or more offices within the suites on a contracted annual basis and many tenants have been renting their offices through the company for many years. The company provides the tenants with telephone reception, clerical support (i.e. word processing and administrative support), overnight shipping, incoming and outgoing mail service, video conferencing, high-speed internet, conference room and kitchen access among other amenities. The building has amenities such as a cafeteria, ATM, dry cleaner and fitness center. There is a long-term lease in place with the landlord with options for renewal.
Located in a large and beautiful building in a prime location, this business rents 45 individual offices and also includes a very large reception area, a kitchen/lounge and an interior conference room complete with a state-of-the-art video conference system. All offices have been recently fully furnished and all furniture is included in the asking price. There are no capital expenditures expected for many years.
GROWTH & EXPANSION
Opportunities exist to grow the virtual office business which would bring in additional income without many additional incurred expenses.