Oh, I forgot a couple things. While we’re here, we get that $42/month credit. I
took that out because it’s not something we’d make if we left, and that’s the
number I was looking for. Perhaps I should have just taken this off of the
lease.
So, I said we were assuming we needed $2080, but with that $42 it becomes $2038
or whatever (I probably have a few dollars in rounding errors by now).
Long-term, this space could be $1818/month. We just have to pay a lot for a few
years.
That number includes the $450 discretionary spending. Essentially, we can do
this, AND do the electrical, AND still spend $300-400 every month on things.
Breakdown in monthly output:
-Rent: $504
-‘tricity & Gas: average $544
-Our own spending: $545 (incl. cleaning, but not snacks, which pay for
themselves)
Next Questions:
-Can we reduce that old-bills amount? AssentWorks paid it without question,
because it was worth that much to them. Is it asking too much to get them to
pay a little more of it? At best, they MUST accept us paying it over three or
more years.
-Can we find another place with roughly 2675 sq.ft. for about $1800-$2000? That
includes heating costs. If it’s crappy and we pay for gas, like here, the space
itself would have to be roughly $500 cheaper.
-How much does our gas cost? Have we gotten any bills, yet, and can we apply
them to the monthly Jenkins estimates for August, September, and October? (See
if our bill this month ends up being $200.) We could be overestimating, though
not by much if so.
-Is that $8000 for everything, including old bills and contractor work? Or did
I miss another $5000? That would break us.
-That final workshop with the windows would only fetch $80 or so if we gave it
to AssentWorks. Can we get a tenant in there? How much would we make from that?
-How much discretionary spending is required? I’m assuming we run some real
risks at anything below $300, but we could probably still operate below $450.
-How much could we save with some basic insulation? I’m talking about
insulating the lounge ceiling, and possibly the walls around the lounge or the
classroom ceiling. A couple-hundred’s-worth every month would probably be worth
it.
-Does AssentWorks want us to stay? We should work out some deals with them
right now to sweeten this arrangement. Access to a shared wood-working space
would be a good one to start with, and would add quite a bit of value. (We
obviously won’t have enough space for it if we move.)
From: Michael Kozakewich
Sent: Tuesday, October 23, 2012 9:55 PM
To: SkullSpace Discuss
Subject: [SkullSpace-Discuss] Lease Numbers
At this exact moment, we aren’t yet paying for electricity. We’re costed a
little over $1000/month – about $1475 after a $450 discretionary budget. We’re
actually doing really good with this, but of course taking in a few hundred
dollars of cost quickly eats into these margins.
(I guess we’re paying for gas, now? That could increase our cost by $500, if
the estimates are correct. We just don’t know right now. That would peg us at
$1500/month, at most, or $1950 after spending.)
A membership of 40 and snacks of $300, as well as $100 of donations and merch,
gives us $2000/month, easily. Thus why we chose $450 as ‘discretionary
spending’. It’s what we’ve got left over.
Mark Jenkins made that great spreadsheet of costs (though he forgot about
$120/month in insurance). According to that, we’re paying an average of
$1568/month (more in the winter, less in the summer). With $450 discretionary
tacked on, that’s $2018. Add the $120 insurance, and our goal was $2138.
The latest details: Old electrical bills, and additional metering, possibly
with renovations added, for $8000 total. For the sake of things, I’m going to
split that into three-year montly costs, or $222.22.
I’m not entirely sure if that was old bills, the metering, and the costs of
getting a contractor in, or if the contractor was a separate $5000. Can Jay or
someone clarify?
That sits us at an average raw cost of $1910, just barely below our spending
limit, and not tenable with our current membership rate (we don’t want to rely
on snack prices). If we wanted the $450 discretionary spending, we’d need $2360.
Justin’s plan #1 will sell the war room and elevator room to AssentWorks for
about $200. Plan #2 will also include the back workshop/storage area, for $284
back. (The slides include some odd numbers, I think because they recalibrated
the space measurements. Mine are based on what we’re paying now, compared to
this.)
So, we were assuming we needed $2138, with Mark’s numbers. Tack on the new
$222.22, and we’d need $2360/month if we take on the new lease. With Plan #1,
that would reduce to $2160. With Plan #2, that would be $2080.
So, there you have it. Any other spaces we look at must be below $2360/month,
and preferably below $2000/month, or there’s no point. This is still a cheapish
place.
According to this, after 3 years, that monthly amount will drop by $222/month.
So, long-term, this space could be $1860/month.
More later, I guess!
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