Sorry, that kind of business plan totally varies for everyone. I believe Alex knows more about a few popular templates that have been discussed in these group threads. However, note that what you're asking for is to some for-profit ventures, their "secret sauce." In general, simply managing a facility is just totally different than whatever your previous business might have been.
As an architect and space operator, I can say that I don't have a formula for office:desk ratio. I will say that I like having a lot of offices because they are quite popular, but by no means do offices ever outnumber desks or other open workspaces. I will also say that offices are NOT the largest revenue driver for me, if you use a $/sf metric. They can initially seem to be as an aggregate $ amount but not $/sf. Alex will probably agree with me as his desk-only model proves that case. Alex - chime in please. Jerome ______________ BLANKSPACES "work FOR yourself, not BY yourself" www.blankspaces.com 5405 Wilshire Blvd (2 blocks west of La Brea) Los Angeles, CA 90036 323.330.9505 (office) On Dec 13, 2012, at 10:38 AM, Alison Baker <[email protected]> wrote: > Alex and Jerome, thanks for your responses. 30% of rent (which includes > parking, cleaning services and utilities) to gross revenue is what we're > projecting so it's good to get confirmation on that. Would either of you > also be able to point me to a business plan for opening a new co-working > space? It would be very helpful to understand all the other various operating > costs we should plan for. > > Also, and I know this depends on a lot of variables (e.g., membership terms, > available square footage, population of market area, etc), but in your > experience, is there a percentage of reserved private offices vs communal > desk space that seems to be a profitable formula? We don't want to lean too > heavily on private offices at the expense of communal tables and therefore > defeat a primary draw/essence of a co-working space, but reserved private > offices do appear to be the largest revenue driver (at least on paper) for a > profitable co-working space. Any insight would be appreciated! Thanks again. > > > > On Wednesday, December 12, 2012 4:22:14 PM UTC-5, Alison Baker wrote: > We're in the planning stages for the opening of a co-share space. I was > wondering what percentage of projected gross revenue should be devoted to > rent. A "traditional" or "standard" percentage for commercial leases is 10% > of projected gross revenue, but I think that's really low for a co-share > business which isn't overhead intensive like a retailer or service provider, > e.g., software developer. I'm looking at leasing 3,000 square feet, which in > my target area runs around $20/square foot. This translates to about $5,000 > in monthly rent. Using the "traditional" figure of 10% of gross revenues be > devoted to rent, I'd have to generate $50,000/month in revenue, an > unrealistic figure. We want this venture to be a profitable enterprise so > that I could make a living running the space at some point. So keeping this > in mind, I would greatly appreciate it if someone could please provide a > realistic percentage of rent to projected gross revenue that I should use in > drawing up my business plan. And by they way, I'd love to see any a > sample/template business plans you recommend or would care to forward of your > own (redacting any confidential information of course). Thanks! > > > -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > For more options, visit https://groups.google.com/groups/opt_out. > > -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. For more options, visit https://groups.google.com/groups/opt_out.
