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Co-Working Space In A Freehold Building In Plymouth
Plymouth, Devon, South WestIdentity protected
Available
About this business
Co-working space in Plymouth, run by a team of 5 from an industrial estate building it owns freehold. The business has traded since 1997 and today rents desks, small offices and workshop space to freelancers and small firms. Turnover has risen every year, up 40% since 2021 to £800k, and EBITDA is £203k, a margin of about 25%. Owning the building keeps costs down and explains much of that margin. The asking price of £550k includes the freehold.
Key investment highlights
- Freehold building included
- Margin of about 25%
- Turnover up 40% since 2021
- Team of 5
Reason for sale
The owner is retiring after 29 years and wants a local buyer.
Nothing flagged on the two questions buyers ask first
No flagRevenue going backwards and one client being too much of it are the two things that end most deals in due diligence. Both are shown here up front, from the figures the seller supplied.
- Revenue directionNo flag
Turnover rose +8.1% in 2026.
- 2021: baseline
- 2022 (+5.4%)
- 2023 (+9.3%)
- 2024 (+7.4%)
- 2025 (+4.7%)
- 2026 (+8.1%)
6 years of turnover, 2021 to 2026, as supplied by the seller.
- Client concentrationNot stated
The seller has not declared what share of revenue the largest clients represent.
No declaration supplied. Client concentration cannot be derived from accounts.
EBITDA margin narrowed from 32.4% in 2021 to 25.4% in 2026.
These are observations from the supplied figures, not a view on whether this business is worth buying. Nothing here predicts an outcome.
Computing valuation...
What happens next
Submit an enquiry to the seller. Once they approve it, you sign a non-disclosure agreement and gain access to the information memorandum, the financials and a secure deal room with the seller.