Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
Hi –
We are doing a few revenue/profit share deals. It’s important to outline who is going to do what before you start offering proposals. You can get bitten bad by differing expectations from each of you. This could be several pages without knowing something about this. If they are just the landlord, you might do something like: Outside vendors and labor paid from first dollars; when those expenses are paid, perhaps you split 80/20 until they get a slightly below market rent. Then next dollars split 80/20 in reverse. Got any more info?
Barbara
···
On Wednesday, April 5, 2017 at 4:40:46 AM UTC-7, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
Business deals are just one side of this equation.
Just doubling a community in short time is hard. I’ve done it myself more than once, and each time it’s created more than a years worth of cultural work just to recover from the impact of rapid growth. Going from a 20 person setup (presuming ~2k sq ft) to 10x that sounds like suicide.
I was working with someone just yesterday who took over a space that had just doubled in size and to fill it they made a TON of short term decisions that they still haven’t recovered from over a year later. Exponential growth is extremely, extremely hard on communities.
Is there potential for you to take a smaller portion of that 20,000 sq ft now, and potentially expand it incrementally over time? I’d be looking for ways to develop that kind of deal where it’s not just designed to relieve the pressure to make rent, but designed to relieve pressure of filling an empty room.
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
I would add to Alex’s excellent notes about the impact on your community that it’s also a big bet to go from 20 people in open space to 20k of open space…and to keep it sustainable. Most spaces are having to incorporate private/team rooms when you get to that scale in order to sell enough memberships. I’m not the anti-open space/community lady, just the be realistic about your business model lady If the 20k foot space doesn’t already have offices, you’ll have to talk the landlord into footing the buildout costs and you may need to pay him back before starting a revenue share as Barbara outlined.
···
On Thursday, April 6, 2017 at 1:47:17 PM UTC-7, Alex Hillman wrote:
Business deals are just one side of this equation.
Just doubling a community in short time is hard. I’ve done it myself more than once, and each time it’s created more than a years worth of cultural work just to recover from the impact of rapid growth. Going from a 20 person setup (presuming ~2k sq ft) to 10x that sounds like suicide.
I was working with someone just yesterday who took over a space that had just doubled in size and to fill it they made a TON of short term decisions that they still haven’t recovered from over a year later. Exponential growth is extremely, extremely hard on communities.
Is there potential for you to take a smaller portion of that 20,000 sq ft now, and potentially expand it incrementally over time? I’d be looking for ways to develop that kind of deal where it’s not just designed to relieve the pressure to make rent, but designed to relieve pressure of filling an empty room.
-Alex
The #1 mistake in community building is doing it by yourself.
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
···
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
On Tuesday, 11 April 2017 13:57:19 UTC+1, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
Hi Scott,
Very interested in your model.
Very thankful if you can share.
We are exactly in that process now.
Thank you in advance.
Adolfo
TamboWorks Miami
ado...@Tambo.works
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
If you’re up for it, Scott, I might suggest sharing a link to download the document directly here with the list so that everyone doesn’t have to message the whole list to get it
-Alex
···
On Tue, Apr 18, 2017 at 11:07 AM, Cecilia Neher [email protected] wrote:
Hello Scott,
Can you share that document with me as well?
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
Thanks for the suggestion, Alex. We’re in the process of creating on online version of it (and putting a simple web front end on it so it’s easier to enter the data for your space). We should have a link to share in the next few days.
···
On Tuesday, April 18, 2017 at 10:10:51 AM UTC-5, Alex Hillman wrote:
If you’re up for it, Scott, I might suggest sharing a link to download the document directly here with the list so that everyone doesn’t have to message the whole list to get it
-Alex
The #1 mistake in community building is doing it by yourself.
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
On Wed, Apr 19, 2017 at 6:57 AM, Scott Harmon [email protected] wrote:
Thanks for the suggestion, Alex. We’re in the process of creating on online version of it (and putting a simple web front end on it so it’s easier to enter the data for your space). We should have a link to share in the next few days.
On Tuesday, April 18, 2017 at 10:10:51 AM UTC-5, Alex Hillman wrote:
If you’re up for it, Scott, I might suggest sharing a link to download the document directly here with the list so that everyone doesn’t have to message the whole list to get it
-Alex
The #1 mistake in community building is doing it by yourself.
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
El miércoles, 19 de abril de 2017, 11:07:57 (UTC-4), Scott Harmon escribió:
Thanks for the suggestion, Alex. We’re in the process of creating on online version of it (and putting a simple web front end on it so it’s easier to enter the data for your space). We should have a link to share in the next few days.
On Tuesday, April 18, 2017 at 10:10:51 AM UTC-5, Alex Hillman wrote:
If you’re up for it, Scott, I might suggest sharing a link to download the document directly here with the list so that everyone doesn’t have to message the whole list to get it
-Alex
The #1 mistake in community building is doing it by yourself.
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
El miércoles, 19 de abril de 2017, 11:07:57 (UTC-4), Scott Harmon escribió:
Thanks for the suggestion, Alex. We’re in the process of creating on online version of it (and putting a simple web front end on it so it’s easier to enter the data for your space). We should have a link to share in the next few days.
On Tuesday, April 18, 2017 at 10:10:51 AM UTC-5, Alex Hillman wrote:
If you’re up for it, Scott, I might suggest sharing a link to download the document directly here with the list so that everyone doesn’t have to message the whole list to get it
-Alex
The #1 mistake in community building is doing it by yourself.
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
El miércoles, 19 de abril de 2017, 11:07:57 (UTC-4), Scott Harmon escribió:
Thanks for the suggestion, Alex. We’re in the process of creating on online version of it (and putting a simple web front end on it so it’s easier to enter the data for your space). We should have a link to share in the next few days.
On Tuesday, April 18, 2017 at 10:10:51 AM UTC-5, Alex Hillman wrote:
If you’re up for it, Scott, I might suggest sharing a link to download the document directly here with the list so that everyone doesn’t have to message the whole list to get it
-Alex
The #1 mistake in community building is doing it by yourself.
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
I’m working right now on a coworking business model (first space in Paris) and I’d would be most interested in your financial analysis tool.
Thanks for sharing with me in a link.
Have a great day!
Céline
···
On Tuesday, April 11, 2017 at 2:57:19 PM UTC+2, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
El miércoles, 19 de abril de 2017, 11:07:57 (UTC-4), Scott Harmon escribió:
Thanks for the suggestion, Alex. We’re in the process of creating on online version of it (and putting a simple web front end on it so it’s easier to enter the data for your space). We should have a link to share in the next few days.
On Tuesday, April 18, 2017 at 10:10:51 AM UTC-5, Alex Hillman wrote:
If you’re up for it, Scott, I might suggest sharing a link to download the document directly here with the list so that everyone doesn’t have to message the whole list to get it
-Alex
The #1 mistake in community building is doing it by yourself.
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
El miércoles, 19 de abril de 2017, 11:07:57 (UTC-4), Scott Harmon escribió:
Thanks for the suggestion, Alex. We’re in the process of creating on online version of it (and putting a simple web front end on it so it’s easier to enter the data for your space). We should have a link to share in the next few days.
On Tuesday, April 18, 2017 at 10:10:51 AM UTC-5, Alex Hillman wrote:
If you’re up for it, Scott, I might suggest sharing a link to download the document directly here with the list so that everyone doesn’t have to message the whole list to get it
-Alex
The #1 mistake in community building is doing it by yourself.
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?
El miércoles, 19 de abril de 2017, 11:07:57 (UTC-4), Scott Harmon escribió:
Thanks for the suggestion, Alex. We’re in the process of creating on online version of it (and putting a simple web front end on it so it’s easier to enter the data for your space). We should have a link to share in the next few days.
On Tuesday, April 18, 2017 at 10:10:51 AM UTC-5, Alex Hillman wrote:
If you’re up for it, Scott, I might suggest sharing a link to download the document directly here with the list so that everyone doesn’t have to message the whole list to get it
-Alex
The #1 mistake in community building is doing it by yourself.
On Tuesday, April 11, 2017 at 8:57:19 AM UTC-4, Scott Harmon wrote:
HI, we’ve developed a financial analysis tool that allows us to '‘play with’ different sizes and configurations of spaces and membership levels. If you’d like to use it to model how you’d set up your expanded space, and what it would take to make money, give me a shout and I’ll send you the link.
Scott
On Wednesday, April 5, 2017 at 6:40:46 AM UTC-5, [email protected] wrote:
Hello, Community.
I started a coworking space around 6 months ago, a small setup for 20 people.
Fast forward today, the space is running at 50% capacity, break even and slightly cash flow positive.
I have an opportunity to expand to a 20,000 sq. ft space, where I have to pitch to the owner.
Wondering if there are any proposals or deals which are already done by people here, and if you can share it with me?