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Shared Office Center

About Startup Costs

The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.

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Business At A Glance

Shared Office Center

Startup Costs: $10,000 - $50,000

About

Franchises Available? No
Online Operation? No

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Got office space? Monthly rent can be expensive for small businesses, but offering up a shared office center is a win-win situation for you and your small business tenants.

Business Overview

Shared office facilities are very popular, and the demand for low-cost shared office rentals continues to increase right across North America. As an alternative to working from home many small companies are utilizing shared office space as a way to keep monthly overheads manageable, and shared office centers usually consist of 20 to 30 small individual offices housed within one location. A shared office center can be started on a reasonable investment of about $25,000 and can return very good profits. Additional revenue can be generated from providing your tenants with a wide range of 'extra services,' such as reception and secretarial services, high-speed photocopying, parcel shipping and receiving, and boardroom facilities. The individual offices can be rented furnished or unfurnished'providing this option to tenants is also an excellent way to increase your business income with furniture and equipment rentals.