Chad With regards to how you might structure the investment, here is a schema that is fairly typical of Real Estate projects such as a hotel... could be reasonably applied to a cowork project:
* Operating Company (eg "The Creative Space Inc") - provides the business plan and the "Brand" for the project; defines the identity and strategy for the project... for example Four Seasons Hotel, defines the design and the operating model for how the hotel will run - responsible for staffing and management - receives a Management fee (ex 2-4% of Gross Revenue) plus a share of Net Profit (ex 15-30%) * Owner partner(s) - provides the project startup capital for TI, furnishings, equipment, staffing etc, per the business plan requirements - receives a % of the Net Profit * Landlord partner - provides building to the project - recieves either (i) a fixed lease payment (ii) a participating lease that floats with the revenue of the project (iii) a % share of the net profit Best Mark Gilbreath LiquidSpace [email protected] On Wed, May 4, 2011 at 10:07 AM, Chad Ballantyne <[email protected]>wrote: > Hello coworking community, > The Creative Space, Barrie is on the brink of purchasing an 8000 s/f > building downtown Barrie. (Bay view!) We'll update the site with pics > if/when this proceeds. > We wanted to announce this to the community to say thanks to all who > contribute ongoing to this group. > Your openness to help with ideas and advice has been invaluable over the > year and a half since we officially launched. > > Now, to talk mula. We noticed a few coworking spaces have a "partnership" > with a bank or financial institution/credit union, etc. Can any of you > advice as to what type of partnership is best or works for you? Or others, > as to why you have chosen not to partner in that way. > > The other question is how to break up the investment opportunities. Have > any of you considered shares? I personally would rather not do shares or > even private investment, but I'm looking for any advice as we move towards > this big phase. > > Thanks! > > > Chad Ballantyne > The Creative Space Director > > (705) 252-2423 > www.thecreativespace.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. > -- 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.
<<tcs-sign-1.png>>
