Summary
Do you love the idea of owning your own business where your main job is to be the centre of a vibrant community? Having stimulating conversations with clients, ensuring they are in flow while working?
Revenue
$180,000 pa
Rent
$60,000 pa
Expenses
$41,000 pa
Net Profit
$79,000 pa
Location Details
21 Heathfield Rd
Located in the heart of Coolum Beach, a short walk to the surf.
Within 100m of 6 cafes.
This is a standalone business, we occupy the whole building.
Potential
This is an opportunity to buy into an established coworking business in the heart of Coolum.
We are offering a PARTNERSHIP. We will still be shareholders with you, you will be the Managing Partner onsite and able to run it your way day to day. We will be as committed to the ongoing success of this business as you!
This space is part of a national network of regional coworking businesses. This an established and successful part of our network
The Sunshine Coast is booming! This is a business that is poised to maximise on that boom!
Skills
Be a people person who can relate to those around you.
Your job is to be the heart and soul of the coworking community.
You need to like people and engaging with people. (Honestly, there is not a whole lot to do day to day, once there are members in the space, they get to work running their own businesses. It's really just keeping them happy and engaged, then doing tours for new members as spaces become available.)
Hours
Part time. The role really only needs about 8 hours a week.
The rest that you pour into it is up to you
Lease
3 years remaining on the current term with two further options of 5 years each.
Employees
You would be the Community Manager / Managing Partner for this business. This is a part time role and this business does have other onsite staff.
We have support staff to help with finance and admin.
Reason for Sale
We look for someone who can partner with us. Invest themselves and their money into the business. Someone who is committed to seeing it succeed, because when the business succeeds, they succeed.
About the Business
This is the opportunity to purchase half the business and to become the on-site community manager. The space is part of a national network of regional coworking businesses.
Benefits of our Co-Ownership Business Model:
We remain invested in all our spaces on an equal basis with you. This means:
• Reduced Risk – You’re not going it alone. You partner up with our business experience across multiple industries.
• Aligned Interests – We are pulling in the same direction as you. This isn’t like a franchise business where the franchisor mainly profits. We make money when you do. Our goals are shared and aligned.
• Easier Entry – Starting a business by yourself is a huge task. We have already set it up and got it running. It is ready for you to walk in and add your flavour.
So why don’t we just run it ourselves?
Each space needs a community manager. The leader of the community that pulls it together. The person the members turn to when they have difficulties. Someone they learn to confide in and trust. That’s a big responsibility.
The operational part of the role is fairly minimal, it could be completed in less 8 hours (spread over the week). To find a part time employee who is willing to be so committed to a space is a long reach. Especially when they are working to make us profit from their hard work.
So, we look for someone who can partner with us. Invest themselves and their money into the business. Someone who is committed to seeing it succeed, because when the business succeeds, they succeed.
We have been in business for a long time and can provide the support with that side of it. We have proven marketing strategies. We have systems to handle the admin, contracts, payments and the myriad of other operational requirements for running a business. In fact, we handle all the roles that can’t be done in person at the premises (with your joint oversight. You will be an equal partner with full right and ability to oversee every aspect of the business that you co-own.)
The brand is provided under a licence agreement with zero fees. We don’t want to operate like a franchise where we charge fees regardless of results. We want to make money from the profits the business makes. When the results are good, we can sit back comfortably. When the results aren’t there, we will be on the ground, with you in the trenches, working hard to increase revenue. We will be in this together.
If this sounds like an opportunity you are interested in, reach out to us and we can start a discussion around our process to select the right partner.
History
The Coolum Space was started in early 2019. It grew astronomically pre-COVID.
COVID was a big hit that we endured.
We've now bounced back and with the boom on the Sunshine Coast, the road ahead is only trending upwards.
The husband and wife team who founded this chain are a great business pair. Nicola is a marketing specialist who has risen to be the youngest Managing Director of a marketing agency in a global company (NYSE listed.) Craig is a serial entrepreneur who first retired at 34yo, before realising he could never stop!
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