Thanks! Rev Share. Thats the term I was looking for! The space we are looking at is inside a mall that has a lot of empty spaces. Would love to know exactly what those kinds of numbers look like.
On Friday, July 6, 2018 at 4:31:29 PM UTC-4, Jerome wrote: > > One key word that you can use that’s standard in the real estate world: > - “rev share”. This is common for retail stores inside malls. The more you > earn, the more rent you pay. > Another is like the hotel industry, where a hotel brand/operator might… > - have a minority ownership stake in the building, but this requires the > hotel to invest some $. > - win a bid to operate a hotel b/c the developer wanted a hotel from the > start. > > So here’s the main difference b/w hotels and coworking: developers want a > hotel from the start, so they need an operator. Office developers mostly > don’t want coworking initially, but now are considering it, which is more > of a fix for their vacancy or rental income after the fact rather than > initially. > > Good luck! > > > *JEROME CHANG* > > talk to us: (323) 330-9505 > chat w/ us: http://www.BLANKSPACES.com/chat <https://lc.chat/now/7173741/> > > *WEST: Santa Monica* | 1450 2nd St (@Broadway) > *CENTRAL: Culver City* | 9415 Culver Blvd (@Main St) > *EAST: Downtown LA* | 529 S Broadway (@Pershing Sq) > *NORTH: Pasadena* | 680 E. Colorado, Ste 180 (b/w Lake and Los Robles) > *SOUTH: Long Beach* | 309 Pine Ave (@Broadway) - opening Summer 2018 > > On Jul 6, 2018, at 10:25 AM, [email protected] <javascript:> 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] <javascript:>. > 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.
