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Businesses For Sale   >>   Middlesex Businesses For Sale   

Executive Office Suites Leasing & Management

Location  Middlesex County, Massachusetts, United States
Asking Price Range  $250K - $500K
Gross Revenues  $560000
Net Profit / Cash Flow  $180000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1986
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will provide necessary support and training.
Reason for Sale  Retirement

** 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. FACILITIES 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.

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