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Office Centre and Support Service Provider
Toronto, Ontario
Other Business Real Estate | Other Business Services
Asking Price $225,000 Inventory Not Disclosed 
Revenue $638,000 Real Estate Not Disclosed 
Cash Flow $68,000 Year Established 1996
FF&E $111,000 Employees 3
> Glossary of Financial Terms

This executive office centre is centrally located in the heart of Downtown Toronto. It was established in 1996 and the current owners purchased the business in 2014. The business has a reputation in the industry for being a premier office centre by offering quality services to its clients. Revenues have been steadily growing over the last few years and this trend expected to continue for the foreseeable future.

The main source of revenue is the leasing of private offices on a daily, monthly or annual basis. The centre also offers add-on support services such as reception, bookkeeping, and copying to these clients. Virtual offices are also available for mailing clients. These clients receive a Downtown Toronto business address, a personalized telephone answering service, have their company name on the building directory and have the use of meeting spaces for a period of time each month.

Offices have been tastefully designed and offer a choice of interior, exterior and atrium facing rooms. Clients are very loyal, some of whom have been tenants for nearly 20 years. The business uses the company website, online marketplaces, print ads in flyers and magazines, and banner ads in TTC transit to market its services.

This is an ideal opportunity for an entrepreneur or real estate investor looking to launch in to commercial real estate business. It would also be an excellent opportunity for an owner of an existing business centre looking to expand into another location.

The asking price includes all furniture, fixtures and equipment as well as $100,000 in free rent incentives.

Asking Price: $225,000
Revenue (2015*): $638,000
Seller’s Discretionary Earnings (2015*): $68,000
Furniture, Fixtures & Equipment: $111,000
Year established: 1996
Year purchased: 2014
Location: Toronto
Employees: 3 F/T
Size of Premises: 9,347 sq. ft.
* based on a conservative estimate

Support/Training: Training will be provided by the Seller as required.
Reason Selling: Relocation

Business listed by:

 

AD # 104282
The information in this listing has been provided by the business seller or representative stated above. Kazooga has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Read Kazooga's Terms & Conditions before responding to any ad.
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