While giving it away so cheaply seems like a great way to get people in the door, it is not sustainable. I suspect your operating costs will be higher in the end if you include insurance, misc. (food, etc.), staff,
We operate our coworking space in SF for about $9000. We have set up a professionals model where people can just join the community of entrepreneurs and freelance professionals yearly to attend all of our events for free as well as be part of interest specific groups. Then we have dedicated desks all the way down to 20 hrs./month access. Our 20 hrs is $150/month. We have to sell 60 to cover our costs, so our goal is to have a mix of the part timers with about 10 full timers in the space. Good luck. It's not a one size fits all solution. -Felicity Outside the Cube - For Professionals and Entrepreneurs Cubes&Crayons - For Professionals and Entrepreneurs who need childcare downstairs cubes.typepad.com/sf cubesandcrayons.com On Jun 19, 10:47 pm, robdavy <[email protected]> wrote: > Hi Everyone, > > Quick question (kinda)... > > We're in the process of setting up a coworking space/hacker space here > in Edmonton, Alberta, Canada (metro pop of 1m). We're well underway, > non-profit registered, directors elected, space found, 40+ members > joined, etc. > > We're obviously working on a non-profit model, shared space, 24/7 > access, etc. > > My concern is pricing. Lots of places seem to offer what we're going > to be offering for many hundreds of dollars a month. We're going to be > doing it for $50. $50/month gets you unlimited access to our 3700sq ft > space. No permanent desks, but permanent offices will be offered for > around $250/month. Our's is not exactly a co-working space in the > sense we do not expect people to work here 9-5 (some will of course, > but most members have full time jobs and want the collaborative use of > the space, plus access to the equipment (machining, etc). Check > outhttp://d.ents.ca/for photos > > Why $50/month? Our rent is $5/sqft + $2.87 operating. 3700sq ft @ $8 = > $2500/month ($'s are per year). So based on the non-profit model found > herehttp://coworking.pbworks.com/PricingExampleswe need $3750/month. > Well, our utils are included in the operating, internet is free from > someones business via a point to point wireless connection, etc, etc, > so we're figuring max $500/month in misc costs. The landlord is also > giving us 2 months free rent. > > So say $3000/month, that's only 60 members @ $50/month each. We have > 40 signed up now (of course some will drop out, but we've still got > many coming in) and we'll cover more costs with offices rented. > > Is it just the cheap rent that is making our space $50/month and not > $300/month (or more!). > Why do some (most) places need to charge so much? > > Thanks in advance > > Rob Davy > Edmonton New Technology Societywww.ents.ca --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~----------~----~----~----~------~----~------~--~---
