Thanks Mark - good stuff. Chad
On 2011-05-04, at 12:48 PM, Mark Gilbreath wrote: > 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 > > > <tcs-sign-1.png> > > > -- > 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. 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.
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