Workspace as a Service, Flex Office Space and Coworking Community.

This long-established shared workspace was founded in 2012 and is located in an affluent San Francisco Bay Area suburb. Prime location in highly walkable downtown core. Pre-covid profitable, this serviced workspace drives revenue through workspace memberships, private office and meeting room rentals, virtual office services and event rentals. Historically, 75% of revenue comes from monthly, recurring memberships serving business owners, entrepreneurs, freelancers and remote employees. Business runs efficiently with a single employee and business hours are limited to M-F 8:30am-5pm. While the pandemic years have been challenging for the serviced workspace industry, we are now positioned for explosive growth. Remote work is here to stay. There are more people working remotely today than at any time in modern history. They are not all happy at home. Corporations are increasingly seeing the benefit of downsizing their traditional real estate commitment in favor of supporting employees in remote work arrangements. Now is the time to move swiftly and get positioned for the explosion to come. Current owner is transitioning to semi-retirement and wishes to focus on other ventures. Location: Walnut Creek, California Year Established: 2012 Number of Employees: 1 Real Estate: Leased Building Sq. Ft.: 6,401 Rent: $22,000.00 Per Month Lease Expiration: 5/31/2023 Facilities: High-end furnishings purchased in 2017 includes specialized work tables that can be easily broken down and moved to repurpose space. Free standing phone booths. Custom buildout done in 2017 at current location. Market Outlook/ Competition: Prime location in downtown core. Unique niche among serviced workspace competitors allows us to offer memberships in lieu of leases at a lower price point and with less overhead than traditional private office rentals. Growth & Expansion: As we emerge from the pandemic, the universe of people working remotely and seeking alternative workspace is larger than at any time in history. Our unique membership model is analogous to a gym membership and allows us to sell seats multiple times over since not all members are on-site simultaneously.