Packaged Office Space

employee in office space

Business Details

Company Profile

Listing ID: VANCOBC002-N521

Location: Metro Vancouver, BC

NAICS: 531312

Industries: Non-Residential Property Managers

Business Highlights

  • Long-established business
  • High profile central location
  • All season business
  • Stable history of profitability
  • Recurring revenue model
  • Shareholder partner willing to stay
  • Complete office upgrades performed recently

This is an opportunity to acquire the majority shareholder equity of a high-quality packaged office and virtual office provider, located in a highly visible tower in Metro Vancouver. Catering to loyal and local clientele including accountants, lawyers, counsellors, nonprofit organizations, small businesses, and trades, the business provides excellent value for money on full-time packaged office rentals, hourly meeting rooms, secretarial and administrative assistance, and technological business support.

Additional revenue streams include virtual office plans, which provide mail handling and a business address for start-up and small business practices, as well as telephone answering, and inside sales, along with access to preferred rates on the meeting rooms.

Any buyer would not need to be actively involved, as there is a strong team of staff already in place, and a General Manager / minority shareholder who wishes to stay with the business.

Type of Sale: Share Sale

Operational Balance Sheet Inclusive of: Furniture, Fixtures, & Equipment / Goodwill / Normal Net Working of $103,000



Normalized Financial Summary

PROJ. 2020 $879,000 $250,000 $206,000
FYE 2019 $878,000 $243,000 $200,000
FYE 2018 $889,000 $270,000 $228,000
* EBITDA - Earnings Before Interest, Taxes, Depreciation, and Amortization
** SDE - Seller’s Discretionary Earnings
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Metro Vancouver, BC