Coworking Space Business Plan Template [Updated 2024]

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II. Company Overview

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Who is [Company Name]?

[Company Name] was started ten months ago to meet the surging demand for flexible, comfortable and reliable coworking office space. Several businesses in the regional area have been seeking coworking space locations; however, none are available. With this in mind, [Company Name] was formed by [Founder Name], [Founder Name] and [Founder Name] to meet these specific office space needs.

[Founder Name] and [Founder Name], licensed commercial real estate brokers, began to hear the same questions repeatedly from their corporate clients during this past year: Should we take a 5-year lease on office space in a building? Should we take the risk of buying land and building our offices? Do any of our employees need an isolated workspace? Will groups or teams collaborate frequently on various projects? Will projects be analyzed by individuals or research and development teams? Answers to these questions have highlighted the critical need for the plan and leasing program we’ve developed: flexible, comfortable and reliable coworking space for everyone.

The changing nature of our economy today calls for companies to consider the use of assets wisely as they determine the type of office building or workspace that best suits their needs. One of the largest overhead costs is that of office space, particularly when land must be purchased and a building raised. The clients of [Company Name] recognize their assets can be put to better use in other areas, such as innovation, technology and company growth overall. With this understanding, [Company Name] has been recently established as the new leader of coworking spaces that actually work.

[Company Name]’s History

The history of [Company Name] began informally long before the company was actually formed. The founders of the company, [Founder Name, Founder Name and Founder Name] noticed about ten years ago that commercial real estate clients began to question the wisdom of buying land and building offices for employees. They began to question more recently about the availability of coworking space for their employees. This line of questioning became the dominant request of all clients. Ten months ago, [Company Name] was formed as a C corporation to provide the answers.

[Company Name]’s Products/Services

[Company Name] is engaged in proactively finding the best employee coworking spaces available. This is our primary service. From there, [Founder Name] begins the escrow or leasing process and the final contracts are signed, typically within one month.

[Founder Name] and [Founder Name] then determine the best layout, design and style for the build out of the property and oversee the implementation of the coworking plan. Within a few short months, the employees of clients are situated comfortably in their new coworking space.

The combined elements offered by [Company Name] include:

  • Superior property acquisition or leasehold
  • Accurate escrow and documentation processes
  • Proper space and environment designs
  • Build out of all spaces, including amenities
  • Timely execution of the plan according to client needs

All of the above services and products contribute to the ongoing growth and success of [Company Name].

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