Ledger

What Ledger does

Ledger operates a 230,000 sq. ft. Class A flexible workplace and community hub at 240 S Main Street in Downtown Bentonville, Arkansas. The company, formed in 2021 as Ledger Operations Community, LLC and soft-opened on November 30, 2022, offers four primary product lines: Custom & Private Offices (move-in ready, fully furnished offices from 1–3 capacity at $2,100/month up to 1–16 capacity at $11,200/month), Shared Workplaces (Hot Desks at $350/month and Dedicated Desks at $600/month), Reservable Space (32 bookable meeting and event rooms ranging from 4-person to 66-person capacity, plus a 6th-floor bar and catering kitchen), and Day Passes ($40/day). Member tiers include 20+ perks such as meeting room credits, printing credits, mail/package services, suite branding, secure bike storage, eBike charging, wellness rooms, and on-site showers.

The underlying technology stack is a cloud-based workspace management system combining a member portal, online booking, keycard access tied to member accounts and a credit system, cloud-based print release, high-speed WiFi with optional dedicated SSIDs, and spatial/people analytics sensors (desk occupancy, environmental, and optical sensors). The building itself is a structural differentiator: the world's first bikeable building with six stories of exterior switchback ramps designed by architects Michel Rojkind and Marlon Blackwell, public during business hours and exclusive to members for bike amenities.

Ledger's revenue model is a hybrid of subscription recurring (monthly memberships, parking, dedicated desks, private offices with auto-renewal and 30-day termination), usage-based (meeting/event space rental, printing, catering add-ons such as coffee and tea service), and entry-level pay-as-you-go (day passes at $40). Distribution is omnichannel within Bentonville: a self-serve website booking platform for SMBs and individuals, direct sales outreach for enterprise/office leasing, and walk-in community traffic supported by a community-led go-to-market motion (First Friday giveaways, Bike + Brew events, art installations, partnerships with Airship Coffee, Mertins, Ozark Cycling, and Sunny's on Second).

Name

Ledger

Legal name

Ledger Operations Community, LLC

Website

https://ledgerbentonville.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

Ledger operates a 230,000 sq. ft. Class A flexible workplace and community hub in Downtown Bentonville, Arkansas, offering private offices, coworking, meeting spaces, and event venues to companies, freelancers, and remote workers.

Ownership category

akta.pro rank

Headquarters

HQ city

Bentonville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Membership Fees: Monthly recurring fees from Hot Desk, Dedicated Desk, Office Share, and Private Office memberships. Membership tiers vary in commitment length and amenities. Auto-renewing memberships with 30-day termination notice required.
2. Day Passes: Entry-level day passes available to the public at $40/day, allowing access during business hours for traveling workers and visitors.
3. Bookable Space Rental: Revenue from meeting rooms, event spaces, conference rooms (4-person to 66-person capacity), catering kitchen, prep/demo kitchen, and 6th-floor bar. Members receive discounted rates.
4. Printing and Ancillary Services: Pay-as-you-go printing at 80 pages per minute, plus potential separate SSID setup fees and monthly service fees for office suite infrastructure.
5. Parking Services: Parking passes added onto bookable reservations for members and guests. Private parking available as add-on for Ledger members.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Ledger operates a 230,000 sq. ft. six-story mixed-use building in Downtown Bentonville, Arkansas, providing Class A co-working and flexible workplace services. The offering spans private offices (1-16 capacity), shared workplaces (hot desks and dedicated desks), reservable meeting and event spaces, day passes, and ancillary services such as printing, catering, and on-site coffee. It functions as a community hub that combines workspace with retail, art installations, and a public bikeable exterior ramp system.

Product overview

Ledger is a 230,000 sq. ft. Class A co-working and flexible workplace facility in Downtown Bentonville, Arkansas, designed as a community hub for work, biking, and gathering. The offering is a single integrated workspace ecosystem combining Custom & Private Offices (plug-and-play Class A offices with flexible month-to-month terms ranging from 1-16 capacity), Shared Workplaces including Hot Desks ($350/month) and Dedicated Desks ($600/month), and Reservable Spaces for meetings and events (4-person to 66-person capacity). Members receive tiered perks including credits for bookable space, printing services, mail/package handling, and suite branding. Unique differentiators include the world's first bikeable building with exterior switchback ramps, on-site art installations, Airship Coffee shop, and comprehensive building amenities including showers, wellness rooms, and a 6th-floor bar. Day passes ($40) provide public access to the workspace during business hours, while various membership tiers offer 24/7 access, bike storage, and member discounts.

Differentiator

Problem solved

Functional benefit

Products and services

• Custom & Private Offices Move-in ready, fully furnished private offices and suites with flexible month-to-month terms, available in capacities from 1-3 people (starting at $2,100/month) up to 1-16 people (starting at $11,200/month). Includes member perks, suite branding, mail/package services, and meeting room credits. Targeted at small to large companies.
• Hot Desk Membership Non-reserved shared workspace membership at $350/month on a month-to-month basis, with workstations available on a first-come basis during business hours. Optional 24/7 access available for an additional $100/month. Targeted at remote workers, freelancers, and entrepreneurs.
• Dedicated Desk Membership Reserved workstation with personal desk storage and all-hours access. Priced at $600/month on a month-to-month basis or $500/month with a 12-month commitment. Targeted at individuals who need a permanent dedicated workstation.
• Reservable Meeting & Event Space On-demand bookable meeting and event spaces ranging from 4-person to 66-person capacity, including 32 fully equipped rooms, a catering kitchen, a prep/demo kitchen, and a 6th-floor bar. Members receive discounted rates; non-members can book at standard rates.
• Day Pass Entry-level day passes at $40/day providing access during business hours. Targeted at traveling workers, on-the-go professionals, and members of the public needing single-day workspace access.
• Coffee & Catering Service Standalone catering offerings including large coffee service for 20 people ($60), small coffee service for 10 people ($40), and hot water/tea service for 20 people ($30). Available to members and non-members booking event space.
• Printing Services Pay-as-you-go cloud-based printing at four stations across the facility, capable of 80 pages per minute in black and white or color. Jobs are held until the user is physically at the printer. Available to members via credits or guests on pay-as-you-go basis.

Quantifiable outcome

• 30% reduction in space needs compared to non-amenity-rich buildings
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• MertinsminorGTM or Marketing Partner · 23 July 2024Mertins Grand Opening Giveaway offering 3-month hot desk membership, free eye exam, and sunglasses from Mertins optometry practice.
• Ozark CyclingminorGTM or Marketing Partner · 16 September 2023Ozark Cycling provided the Ledger Collection Cycling Kit as a prize in the Bike + Brew Giveaway, promoting cycling culture.
• Sunny's on SecondminorGTM or Marketing Partner · 13 April 2023Partnership for meditation class giveaway - SunnyDays x Erin Treloar's Intro to Meditation class held at Ledger, promoting wellness programming.
• Airship CoffeecoreStrategic or Co-development Partner · 30 November 2022On-site coffee shop located on the First Floor serving Colombian coffee. Airship Coffee has a full menu at the coffee bar. They partnered with Ledger on giveaways including a one-year Roasters Choice Coffee subscription prize.
• Airship CoffeeminorGTM or Marketing Partner · 8 September 2022Joint giveaway with Airship Coffee offering coffee subscriptions, brewing gear, merchandise, and Ledger memberships to promote both brands.
• Kyleton DevelopmentcoreStrategic or Co-development PartnerDeveloper of the Ledger project, responsible for development alongside Blue Crane.
• Blue CranecoreStrategic or Co-development PartnerDeveloper partner on the Ledger project, co-developing with Kyleton Development.
• Michel RojkindcoreStrategic or Co-development PartnerCore and Shell Architect - renowned Mexican architect who contributed to the unique bikeable building design with exterior switchbacks.
• Marlon Blackwell ArchitectscoreStrategic or Co-development PartnerCore and Shell Architect partner on the Ledger project, contributing to architectural design.
• Nabholz Construction CorporationcoreStrategic or Co-development PartnerGeneral contractor for construction of the 230,000 sq. ft. Ledger facility.
• Stefan SagmeisterminorStrategic or Co-development PartnerRenowned designer who created the 'Now is Better, Bentonville' art installation - Ledger's largest art installation - and the Ledger Critters series.

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• Galvanize: Coworking and education-focused workspace operator combining flexible office with programming. Comparable to Ledger in amenity-rich spaces but with stronger emphasis on education and startup community.
• Bento: On-demand workspace and meeting room booking platform offering pay-as-you-go access to a network of coworking spaces. Comparable to Ledger's bookable space and day pass offerings as part of an aggregated network model.

Broad incumbents

• Spaces (IWG): IWG's premium co-working brand offering flexible offices worldwide under the Spaces, Regus, and HQ brands. A broad incumbent with overlapping product offering to Ledger including private offices and meeting rooms.

Direct peers

• Novel Coworking: Mid-market coworking operator focused on US cities with tiered memberships including hot desks and private offices. Directly comparable business model and pricing approach to Ledger's hot desk and dedicated desk offerings.
• Make Offices: Premium flexible workspace provider with locations in major US markets. Direct competitor to Ledger in offering private offices, coworking, and meeting rooms with all-inclusive pricing.
• The Yard: Boutique coworking and shared office provider with multiple US locations. Comparable to Ledger in offering private offices, coworking memberships, and event space with a hospitality-driven design approach.
• Industrious: Premium flexible workspace provider offering private offices, suites, and coworking across North America. Comparable to Ledger in targeting enterprise and SMB tenants with all-inclusive memberships and amenity-rich spaces.
• WeWork: The largest global co-working and flexible office operator. WeWork competes directly with Ledger across hot desks, dedicated desks, and private offices, with a similar multi-tier membership model and event-driven community programming.
• Mindspace: Flexible office and coworking operator with locations in the US, Europe, and Israel. Shares Ledger's focus on design-led, amenity-rich workspaces serving SMB and enterprise clients.

Regional players

• WorkBar: Northeast US coworking operator with flexible memberships, private offices, and event space. Comparable to Ledger in product mix though geographically focused on the Boston corridor rather than Arkansas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights2 records

Customer concentration

• Facebookfacebook.com/ledgerbentonville
• LinkedInlinkedin.com/company/ledgerbentonville
• Instagraminstagram.com/ledgerbentonville

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ledger