I'm picking up on this very late jeannine - but if you still have any 'JV' CW type contracts handy I'd be really interested. Am potentially developing a space for an organisation with will want to limit it's exposure, anyone knows of any working links to the old webinar that would be great.
Thanks - tim On Wednesday, 4 February 2015 21:53:13 UTC+13, Jeannine van der Linden wrote: > > Brace yourself for radicality. :-) > > I have one space which is a sharing arrangement with a landlord (sorry, > the words joint venture and partnership make me twitch, as I am a lawyer > and those words have specific meanings to us, and this is not that) and one > which is a shop-in-shop arrangement with an executive office/flexoffice. I > hope to be launching two more in the first quarter 2015. One is with one > of my coworkers who graduated to a larger space, the other is with another > flexoffice. > > The arrangement in both is that I handle the coworking, they make the > space available and open the door, I pay the costs from the income and > then we split what is left. The splitting varies, in one location it is > half, in the other it is 80/20 (their favor). Certain charges they get > 100% of, they are the ones for which I don't do anything. For the > Executive office, if a coworker steps over to a permanent rental or virtual > office, I get the first month's rent. > > This requires a landlord who is already on site, not a landlord who is > getting paid for an empty building. An existing business with extra space > is perfect. It als requires a landlord with a gambling turn of mind (less > money in the beginning, more at the backend). > > Getting the model right and the sharing right has been....an adventure. > :-) But at this moment I am feeling very good about its sustainabliity. > > I have a contract lying here, it is in Dutch. i think i may have one > lying around which I made up for a space in Italy that didn't go anywhere, > if you want me to dig it up let me know. (Shameless plug: I am actively > looking for partners in Europe and the UK. The Dutch love to do business > overseas). It is a long term contract but has a 30 day termination clause > for any reason, because everybody is afraid of a new model and wants an out > if it goes south. And it's a principle thing with me, I am for no-fault > divorce and no fault termination of contracts usually. :-) > > Fire away. > > Cheers, > > Jeannine > > On Wednesday, January 21, 2015 at 9:04:57 AM UTC+1, Loren Tripp wrote: >> >> Thank you to everyone who participated in this webinar- it was a great >> introduction to the idea of joint-venturing with a landlord. It also shed >> some light on how the large spaces in NYC and Santa Monica may afford to >> run out of those gorgeous buildings. >> >> I've been building my community for CoStudio Pasadena for a few years and >> for this cooperative art studio concept to work I'll need a lot of space. I >> have a historic building in mind with 15,000 sq ft of glorious warehouse >> space- the landlord is on board with my idea, the rent is good for this >> expensive city ($2sf/month), and he will even let me runway the build-out; >> but no matter how I finesse my P&L estimates, it's just too dang much rent. >> (By my cautious P&L estimate, rent would be 2/3rds of my revenue! One bad >> month and I'd be in big trouble.) It didn't occur to me to actually partner >> with him. >> >> So here are my questions: >> >> How does the 50/50 partnership actually work- would I really propose he >> give me the space rent-free in exchange for half my revenues? How could I >> pitch this to him knowing it will take a year+ to get to capacity and for >> him to actually* get* any revenue? Are there any examples of contracts >> with landlords that someone could share? Problems to look out for? (ie: My >> potential landlord prefers month-to-month- is that a big risk or a good >> escape route?) Finally, I keep reading in this group about nice big spaces >> in suburbs and smaller cities with rents that run $2,000 to $5,000, which >> would cover a small office here; are there any coworking places that pay >> more like $20,000 and up per month and how does that formula work? >> >> Many thanks for the webinar and the ideas! >> >> ~Loren >> >> On Monday, January 12, 2015 at 8:13:30 AM UTC-8, Jerome wrote: >>> >>> Hi all. >>> >>> The webinar is available on the event listing. >>> >>> http://lexc.org/event/lexc-webinar-joint-ventures-wlandlords/?instance_id=91 >>> >>> (link is at the bottom of the page) >>> >>> >>> *JEROME CHANG* >>> >>> *WEST: Santa Monica* >>> 1450 2nd Street (@Broadway) | Santa Monica CA 90401 >>> ph: (310) 526-2255 >>> >>> *CENTRAL: Mid-Wilshire* >>> 5405 Wilshire Blvd (2 blocks west of La Brea) | Los Angeles CA 90036 >>> ph: (323) 330-9505 >>> >>> *EAST: Downtown* >>> 529 S. Broadway, Suite 4000 (@Pershing Square) | Los Angeles CA 90013 >>> ph: (213) 550-2235 >>> >>> >>> <http://www.yelp.com/biz/blankspaces-los-angeles> >>> <https://twitter.com/BLANKSPACES> >>> <https://www.facebook.com/pages/BLANKSPACES/132257631339> >>> <https://www.facebook.com/pages/BLANKSPACES/132257631339> >>> <http://www.linkedin.com/company/blankspaces?trk=top_nav_home> >>> <http://vimeo.com/blankspaces> >>> <http://vimeo.com/blankspaces> >>> On Jan 9, 2015, at 12:01 PM, Tabari Brannon <[email protected]> wrote: >>> >>> I missed it as well, is there a recording? >>> >>> On Friday, January 9, 2015 at 12:34:46 AM UTC-8, Ramon Suarez wrote: >>>> >>>> I found out about it too late. Did you guys record it? >>> >>> >>> -- >>> 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. >>> To unsubscribe from this group and stop receiving emails from it, send >>> an email to [email protected]. >>> For more options, visit https://groups.google.com/d/optout. >>> >>> >>> -- 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. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
