Intention: Opening an Atlanta Coworking Space

[Tessa - Drive A Faster Car]

Hi all!

Been a coworker fan/participant for awhile now. Love everything about
coworking. Working on opening a coworking space in downtown Atlanta!
We have three areas of town right now with regular coworking events
and a pretty good community that supports coworking. I feel like the
demand for a space is there and would really like to make this happen!

Have gotten some advice from Alex (IndyHall) and am working on
researching right now to determine what we need to look for.
Exploring financials. Would love any advice and look forward to
making this happen :)

Best,
Tessa

[Alex Hillman]

Welcome, Tessa!

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Alex Hillman
im always developing something
digital: al...@weknowhtml.com
visual: www.dangerouslyawesome.com
local: www.indyhall.org

[Tara Hunt]

Welcome Tessa!

The beautiful thing about this group is that people have started spaces with $0 to $1M.

At Citizen Space, we never had a budget per se, but I maintain the following formula:

Break even model: (Cost of space x 1.5 = total cost of space) / (number of square feet / 100 = number of desks) = Cost per desk

Profitable model: (Cost of space x 3 = cost of space and then some) / (number of square feet / 100 = number of desks) = Cost per desk

Of course, there is wiggle room there to make more money on services, drop ins, conference room rental, event space rental, part time keyholders and
other varying levels of membership.

T

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tara 'missrogue' hunt
coFounder
Citizen Agency (www.citizenagency.com)
blog: www.horsepigcow.com
phone: 415-694-1951
fax: 415-727-5335