Established & Profitable Co-Living Operation Based in California

CA

Seller Financing Available
Established & Profitable Co-Living Operation Based in California
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Asking Price: $145,000

Cash Flow: $23,000

Gross Revenue: $122,400

EBITDA: N/A

FF&E: $20,000

Inventory: N/A

Established: 2017

Established & Profitable Co-Living Operation Based in California

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Business Description

~ Like Co-Working, Co-Living is a rapidly growing industry~

**All LOI's (Letter of Intent) for purchase will be reviewed as they come in. Please be sure to present your highest and best offer. I will be making my final decision by Thursday, January 31st.
Due diligence will start immediately with a 10-day deadline, then Purchase Agreement must be signed within those 10 days.
Two weeks of hands-on training included.

Interest in Coliving is exploding. In December 2018 there were two separate billion dollar investments made into the industry (Medici & PMG). This fast growth is due to high rent increases in urban cities around the world and the need for flexible housing options.
Real estate is a $200 trillion dollar industry that is ripe for disruption.

~ Established in 2017
~ Strong Brand Recognition
~ Already profitable
~ A solid management team in place
~ Operations Manual/Standard Operating Procedures
~ Impeccable Reputation with Positive Testimonials from all past Residents + Guests
~ 5 Star rating on AirBnB (SuperHost) and Facebook
~ All Furnishings & Housewares included (4800 sq. ft. home)
~ Entire database of followers and previous guests
~ Tons of media coverage
~ Facebook & Twitter Accounts
~ Professionally ran social media pages with high engagement (Facebook, Instagram, Twitter)
~ Utilizes a CoLiving software platform to keep things simple & automated
~ Software Platform has a Private Label license and is brand-specific ($50k value)
~ Beautiful fully-developed website
~ Complete professional graphic design package ('Style Guide'), including logos, colors, fonts, for brand consistency.

The location is in an affluent area with very strong supporting demographics in the technology heart of West Los Angeles.
There is a waiting list for additional residents, including $1,000 deposits.
The business is currently performing strongly with limited day-to-day operational input from the owner.
This presents a tremendous investment opportunity for the right owner as a more hands-on owner could grow revenues quicker and increase margins accordingly.

Location is at a below market lease rate and property owner is easy to deal with, very responsive, and always flexible.

Full seller package is ready for serious buyers.

**The confidentiality of this offering is very important, so please be prepared to complete a NDA (non-disclosure agreement) through DocuSign & a quick phone call PRIOR to receiving any information that identifies the business.

Detailed Information

Inventory:
Included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Furniture: Included in asking price Have receipts for all decorating/furnishings
Competition:
This coliving concept has had an impeccable reputation, cult-like following, a very established clientele that returns numerous times, and an unsurpassed reputation for being a supportive community. It is a magical community with incredible individuals that sets us apart from ANY other Coliving concepts in Southern California.
Growth & Expansion:
Potential for fast global expansion. Current waitlist for both Los Angeles and San Diego. Also an option for a monthly membership fee of $50 for storage and access to events and the home that can generate immediate additional income.
Financing:
**Will accept $72k down and payments based on future growth of this business.
Support & Training:
All systems will be provided. Current owner will train for up to two weeks. This business runs like a well-oiled machine. Owner is also willing to stay on for 10% equity as an Advisor.
Reason for Selling:
Owner launched a software company in August 2018 and moving to Europe
Contact Seller

Contact the Seller

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Business Listed By:
Sam

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