Co Working Space Business

Co Working Space Business Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Struggling to find a productive, flexible workspace? Consider starting a co-working space business. Co-working spaces provide freelancers, remote workers, and small businesses with a professional environment, complete with office amenities, without the overhead costs of traditional office leases.

Setting up involves finding an inviting location, outfitting it with desks, meeting rooms, high-speed internet, and perhaps a few perks like coffee services. Memberships can range from daily passes to monthly subscriptions, tailored to different needs.

This business model taps into the growing demand for agile work environments. With a well-managed space, offering networking opportunities and a supportive community, you can attract a diverse clientele. If you have a knack for hospitality and a passion for fostering collaborative work settings, a co-working space business might be your next venture.

In this list, you'll find real-world co working space business success stories and very profitable examples of starting a co working space business that makes money.

1. Indie Worldwide ($24K/year)

Anthony came up with the idea for Indie Worldwide after experiencing setbacks in his career and freelancing. He leveraged his experience in running events and his desire to be like other successful founders in the indie hacking community to create a virtual meetup for indie hackers. Through organic growth and strategic launches on platforms like Product Hunt, the community has grown to over 2,000 members and has multiple revenue streams, including a successful Founders' Club with $5.5k in ARR and sponsorships.

How much money it makes: $24K/year
How much did it cost to start: $1.2K
How many people on the team: 1

We Built A Virtual Community To 2K Members [#1 On Product Hunt]

Indie Worldwide has scaled to 2,000 members with revenue streams generating $5.5k ARR and $3k in sponsorships, offering aspiring founders a blueprint for creating profitable virtual communities.

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