Turnkey Office Space Success Stories [2024]
Looking to capitalize on the growing demand for flexible work environments? A turnkey office space business might be the way forward. This idea involves setting up fully-equipped and ready-to-use office spaces that businesses can lease without the hassles of furnishings, utilities, or maintenance.
Imagine managing a commercial property where clients walk in and find everything from desks and chairs to high-speed Internet and meeting rooms already set up. Your role would involve procuring and maintaining office equipment, handling leases, and ensuring that everything runs smoothly.
This business model appeals to start-ups and small businesses looking to avoid the burden of long-term leases and substantial upfront costs. While it requires an initial investment in property and amenities, the potential for high returns is significant, given the current trend towards flexible and remote work setups. It's a strategic move that combines real estate management with customer service, offering a tangible, value-driven solution in today's evolving work landscape.
In this list, you'll find real-world turnkey office space success stories and very profitable examples of starting a turnkey office space that makes money.
1. The Office Providers ($168K/year)
Mike Gardener, a chartered commercial property surveyor, came up with the idea for The Office Providers after observing the growing market for flexible office space. He saw a demand for shorter-term contracts and managed workspace solutions and decided to create an online platform that connected businesses with the perfect flexible workspace. After nine months of launching the website and securing his first deals, Gardener's idea was validated, and he continued to expand the business by focusing on search engine optimization, creating useful content, and building trust through directories and a podcast.
How much money it makes: $168K/year
How much did it cost to start: $2K
How many people on the team: 3
This case study is about Mike Gardener, the founder of The Office Providers, an online office space and workspace search platform that generates approximately $14k per month in revenue and helps businesses find flexible workspaces on short-term contracts.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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