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Office Space Seeking Loan in Bucharest, Romania

Co-working space business in Romania seeks funds to purchase the entire building.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 50 - 100
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 1.25 million
Run Rate Sales USD 1.34 million
EBITDA Margin 10 %
Industries Office Space
Locations  Bucharest
Local Time 10:59 PM Europe / Bucharest
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 24.4 million for 10.0% annual interest, 20 years (Native Currency: EUR 21,000,000)
Reason: Owner of the building is moving to their hometown so we are getting this property at an attractive p... View More
Collateral Available: USD 0
Includes physical assets worth USD 580 thousand
Documents
Business Overview
- Company offering co-working office space services in Bucharest.
- We have taken 15-floor property on a long term lease and offering it as office space on rent and lease.
- The construction of the property was completed 10 years back and we have been in that facility since the beginning.
- The facility is located in a prominent area on the banks of a river with easily accessible public transport, shopping malls, college, university.
- Utilizing the facility with 70-80% occupancy rate.
- We have customers for rent, short and long term lease.
- Business owns furniture, electronic equipment, lightings and building deposit.
Products & Services Overview
- We have taken a 15-floor commercial building on lease and offer shared office space to customers.
- The property is located in an extremely advantageous location with easily accessible public transport.
Facilities Overview
Leased 1,590 sqm property with total built-up area of 15,500 sqm spread across 15 floors. We are now planning to purchase the same facility.
Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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