be very careful giving ownership of your concept blood sweat and tears to a building owners who pure motivations is to fill space by what ever means necessary.
There are others ways to do this. For instance. Do a Percentage Lease with TI Allowances. A percentage lease keeps you in the drivers seat as the owner of the concept but splits the Net reveues with your landlord. So as you grow his rent grows. I highly suggest puting in a cap so that he does not make more that what the space is work. Unless you are asking for a lot of build out then you can add in some ROI for that for him as well. Just so they can get their money back. Doing a percentage lease also can allow you to take more space than you can afford right off. Find a building in a area of town that is good but that the building is quite empty. This owner is going to be more likly to play ball since he needs to fill his building. Also if the building is a high rise tell him that as your members grow they will need more space and will become his tenants. You are not only filling space for him you are a feeder for his building. All in all there are a ways to do this so that you are not giving up control of your community concept to someone else just for money. *J**oshua Webb* *Chief Growth Antagonist*[email protected] *844-455-GROW <18444554769> * *(**4769)* *Growthli.com* <https://www.growthli.com/> On Fri, Jul 6, 2018 at 12:25 PM, <[email protected]> wrote: > Hi group! I've been following all of your great questions and advice for a > bit now. Thanks so much! > My business partner and I are still in the "planning and searching for a > space" phase. Still so much to learn! > Since we do not have a large amount of capital to put in this business we > are looking at all the options. > Has anyone entered into an agreement with a landlord where they are the > owner and you are the operator/manager? Is it traditionally known by > another term? We keep hearing about such arrangements but would love to > hear about a specific example and what kind of terms might be acceptable. > You can read about the reference to the concept here (the second option in > the article): https://www.globalworkspace.org/2016/03/ > three-ways-to-run-a-coworking-space-without-signing-a-lease/ > > -- > 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. > -- 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.
