Finances

From Noisebridge
Jump to navigation Jump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

Start-Up Costs

This section is for estimates of start-up costs. Story so far:

  • Move-in cost for space (assume 3x month's rent) : $6000 assuming $2000/mo rent
  • Three months' rent reserve : $6000 assuming $2000/mo rent
  • Cost of incorporation as non-profit/LLC/whatever (if we do that) : ??
  • Initial insurance cost : ??
  • Initial cost for drinks to sell : ?? (May be zero due to Club Mate donations?)
  • Initial cost for space improvements, making keys, etc. : ??
  • Noisebridge Costco card (if desired vs. some members buying on their own) : $50
  • Initial equipment costs (not including donations) : ??

Estimate so far for start-up cost: $12050 + ??.

DavidMolnar ideally would like to see 2x whatever this estimated number is as starting capital, but that may be overkill.

Monthly Expenses and Dues

SWAG at monthly expenses:

  • $2k rent (nets ~1k sq ft)
  • $300 utilities (I'm TOTALLY making this up just to have a number, not even sure what all I mean it to include)
    • PG&E, Water? (shared w/ NoStarch?), trash/recycling, insurance split over a year, ISP (I recommend sonic.net)
  • $100 misc (toilet paper, juice, resistors)

Expected Costs for buying drinks: ? (Check CostCo prices) Expected Revenue from selling drinks: ? (Next number tells us what this is ; ) Expected Profit from selling drinks: ~300-800$

Q. (by DavidMolnar editing w/o logged in): Is this realistic? metalab clears this much, but assuming we can come out of the gate and obtain the same revenue seems optimistic.
A. Yeah, 300$ is very realistic - that's like 8 drinks per day sold at a $1.2 profit. Our initial calculations were without drinks too because we didn't believe it. But we had huge sales really quickly. People tend to drink a lot while hanging around at a Hacker Space. --Enki 12:33, 18 January 2008 (PST)

total $2100

number of members monthly dues
10 $210
20 $105
40 $52
60 $35
80 $30
100 $21

Committed So Far

We have collected the following money:

  • $221 at meeting, held by Mitch Altman

Total in hand: $221

We have the following pledges:

Total pledged: $300/mo , $2000 start-up