My friends and I run a hacker house in the Bay Area. It allows us to live for free in downtown Mountain View, be ramen-profitable, and give us the free time to try new startup ideas. We also met tons of great people, which is really going to help with recruiting later. One of our startup attempts is taking off, and so we’d like to sell our business quickly. Unfortunately it isn’t a very traditional business and we don’t have much of an idea of how to price this or find potential buyers.
The house makes about 90k/year in profit the year it opened, and could probably do better (~150k) with full time management by one person. That also includes a free 1 bedroom apartment. We’re likely more successful than most of our competitors because of our unique location and housing structure, which we aggressively scouted for.
Who should we target as a buyer? Other founders, hacker house chains, or somebody else entirely?
