virtual office workspace on demand · sales professionals self-employed showroom presentations...
TRANSCRIPT
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Virtual Office
& Workspace On Demand
by the hour, day or longer
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Market Opportunity
Large + Growing Industry Workspace-as-a-service = $18b+ by 2022 Growth of 12.1% from 2015 U.S largest market = $7b+
Increasing enterprise mobility trends BYOD (bring your own device) Cloud Services
Commitment Avoidance No desire to enter long-term lease agreements nor membership subscriptions
Desire for Community Work-from-home market is lonely / in need of Resources, motivation, Inspiration, collaboration
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Market Approach
Virtual Office Plans
Acquire clients with home-based offices + global businesses outside of NYC who desire an NYC presence without expensive office space
Workspace On-Demand
Acquire clients who want space on-demand
Services
Upsell/cross sell add-on services + workspace on-demand for VOPs Workspace center services for on-demand clients
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Competition : 200+ in NYC Co-working Highly fragmented; WeWork dominates market; tech + tech driven companies dominate
Incubators Many players in the market; largely dominated by the tech industry; highly supported by New York City Economic Development Corporation
Furnished Offices Market dominated by Regus/WeWork – combined 60 + locations in NYC; no one industry/profession dominates
Accelerators
Few players with fixed locations; most programs “live” within host companies/organizations/universities with individuals and teams sets working within/remotely
Space On-Demand Breather is only player outside of Sage Workspace that offers pure space on-demand model; co-working + furnished office Companies offer on-demand option
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Competition
Spaceon-demand
Co-Working
Incubator/Accelerator
FurnishedOffices
Approx 40 coworking spaces Approx 27 other FO companies/ approx 130 locations
Approx 30 other incubators / 2 accelerators
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Management Team
TBA Founder & CEO
TBA Fonder & COO
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Management Team
TBA Center Manager
TBA Sales Manager
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Current Revenue Streams
Virtual Office Plans
Monthly/Quarterly/Semi-Annual/Annual plans
Space On-Demand
By the hour, day or longer
Services
Virtual office plans services Space on-demand services
40% 40% 20%
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Future Revenue Streams
Virtual Office Plans
Monthly/Quarterly/Semi-Annual/Annual plans
Space On-Demand
By the hour, day or longer
Services
Virtual office plans services Space on-demand services
60% 20% 20%
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Client Profiles Accounting Professionals
Bookkeepers Consulting
Creative Types Entrepreneurs
Filming Crews
Financial Advisors
Graphic Designers Import / Exporters
Independent Consultants Independent Insurance Agents
International Businesses
Lawyers & Other Legal Professionals
Real Estate Professionals Registered Agents
Sales Professionals Self-Employed
Showroom Presentations
Small Business Owners Software Programmers
Special Projects
Start-up Businesses
Technology Startups & Programmers
Training/Coaching
Tutoring Professionals
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Key Partners / Channels
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Financial Projections
2014 2015 2016 2017 2018 2019
TotalRevenue 149957.74 189087.68 247427.54 358136.39 420316.44 500176.56Growth 21% 24% 31% 15% 20%TotalExpenses $156,108.64 $159,655.90 $271,567.01 $286,561.17 $357471.00 $428,400.00NetIncome -$6,150.90 $29,431.78 -$24,139.47 $71,575.22 $62845.44 $71,776.56Owner’sCashflow $35000.00
$99845.44Valuation:EBIDTAx5 $299,535.00
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SWOT Analysis Strengths Weaknesses
Opportunities Threats
• 9 years in business • Prestigious location / growth area • Industry growth • Demand for on-demand/VOP
• High rent • Rent vs usable space • Lack of natural light • Lack of capital to grow biz
• Domestic + global expansion • Client service / experience • Increase in workforce mobility • Expansion space available
• Tech bubble • Economic recession • Competitor copies model • Failure to renew lease