You get rented or owned premises, furnish it fully with infrastructure, furniture, accessories, equipment and services and then offer it to startups as ready-to-use office accommodation.
Startups who need ready-to-move-in offices and services, but cant afford expensive business centers will be ready to take up such offices. The rates will depend on the city, location and other specs. But the returns are always excellent. What you must provide: a good address, with easy access to mailing, phone, fax, and courier services.
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Insight
“Put all your efforts in marketing, quality and customer service being obvious,” Audrey Moruzzi, Marks Business Center.
How it was done
While Jay Thaker had additional space in his office to offer and so started Sutralite, his plug-n-play office in Mumbai, Audrey Moruzzi couldn’t find a cheaper office option for her 3 people-startup in exports, other than expensive business centers. So, she started Marks Business Center, in south Delhi, to offer cheaper space to startups.
Investment - Rs 3-50 Lakh
Avg. Break even - 6-12 months
Margin - 20-40%
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