SeaTac is a modern, natural evolution of the coworking phenomenon. The offering combines a ‘best in class’ professional atmosphere with leading edge technology. Modular choices offer members the flexibility to choose the ideal environment for their dynamic work needs, supported by ‘high touch’ concierge and tech service from an on-site team. A ‘one roof’ concept includes an in-house coffee shop, common areas, shared & private work spaces, private meeting and boardroom spaces, and formal conference facilities. Unique, high value, highly cost competitive, market disrupting pricing model – by the hour to 24/7. SeaTac is the work space of the future, TODAY, for solo entrepreneurs to senior executives of the largest enterprises to work & conduct business.
SeaTac is alive NOW in Seattle with an operational facility opened in February 2017. Investment funds are being sought to expand the offering in the Seattle area. This will include expansion of the Existing facility, opening 2 new Express Units in Seattle, opening 2 new Standard facilities in the Seattle area, and enhancing infrastructure to support multiple sites.
SeaTac’s proposition provides high access urban and suburban transit centric locations in key retail style environments conveniently accessible with high walkability and adjacent amenities and often free or low cost parking where the modern mobile professional WANTS to work & conduct business. Best in class partners have been strategically selected to supply infrastructure such as lighting (Philips), furniture (Steelcase), and business services (FedEx Office).
Experienced Management Team
Founder 1 – Over 30 years of senior level, international management and business development experience leading teams to success.
Founder 2 – Over 35 years of experience as a principal in urban retail and mixed use commercial real estate development.
- Opportunity is to invest/fund $12m
- $3.4 Million Seed – Convertible Notes
- Already revenue generating, unique business and strategic partner models creates exceptional competitive advantage with EBITDA
- Will suit investors seeking SaaS-based market model, familiar with MRR model, and understanding inventory management businesses
- Cash Flow investment B/E expected in 2020.
The total global addressable market for SeaTac is estimated to be in excess of $5bn (USD).
“This fast growing new sub sector of the real estate market has become one of the largest start-up segments, hiding in plain sight.” — Forbes 3/10/16
“Creative co-working spaces have grown by 195% annually over the last five years… That is where the majority of growth will come.”
–– JLL Research BizNow 3/29/16
“The U.S. Coworking industry now totals 27 million square feet. 928k square feet was leased in 2016’s first quarter alone, and the pipeline of potential customer demand is only expected to increase….”
— JLL Spring 2016
“A typical corporate desk costs $30,000+ annually to maintain fully burdened…& 55% of all office desks are UNOCCUPIED in any given work day.” — Regus 2012 Survey
“Coworking is said to improve productivity, with 71% of workers saying they feel more creative in a coworking space and 68% saying they are able to focus more.” – Allwork.space May 2017
“Changing business priorities and the need to attract talented people, reduce real estate costs, improve speed to innovation and increase productivity are driving corporations to consider different workplace models, including on- and off-site coworking.” HO+K 2016
Differentiated through high quality, easy access, flexible membership, exceptional partners, while meeting the needs of corporate, small business, and project-based businesses alike.
Multiple monthly recurring revenue (MRR) streams.
Strong upside potential with top tier strategic partners in place and others in play along with additional third party offerings.
Increasingly global application.
Diverse location strategy with full-service offering makes a high barrier to entry for new competitors to rival at scale.
Roll-out plan developed with additional opportunity for strategic investor to influence and improve the metrics.
Sale / Investment Method
Institutional Investor Offering: US$12 million