Moving/Price Comparison

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Contents

[edit] Overview

Two potential spaces for Noisebridge to move to are currently (2009-07-28) in contention: 2169 Mission and 410 Clementina. This page summarizes and compares the costs associated with each.

[edit] Cost Structure

[edit] Move-in Costs

  1. First+Last+Deposit
  2. build-out budget
  3. miscellaneous overhead allocation

[edit] Recurring Costs

  1. rent
  2. insurance
  3. electrical
  4. gas (if any)
  5. internet access
  6. cleaning service
  7. supplies (cleaning supplies, toilet paper, etc)
  8. misc

[edit] Current Cash Position

  • Noisebridge has (as of 2009-07-28) $21,000 in the bank.
  • We have pledges of $13,000 towards moving.

[edit] Analysis

For each space,

  • What is the up-front cost?
  • What is the recurring cost?
  • What is the total of startup cost + three months' operating expenses?
  • What is the total cost for the first year?
  • What is the total cost for the 3 year lease?
  • How many members is that again?

[edit] 2169 Mission

3+3 IG net of all utilities, $3600/mo, no tenant allowance or owner build-out.

[edit] Startup Expenses

  • $10,800 F+L+D
  • $13,000 build-out
  • $5000 bathroom remodel
  • $2000 misc
  • total: $30,800

[edit] Recurring Expenses

  • $3600 rent
  • $350 insurance
  • $500 electrical
  • $200 internet
  • $600 cleaning
  • $200 supplies
  • $200 misc
  • total: $5650, 142 starving hackers or 47 hackers + 47 starving hackers.
  • startup + 3 months operating expenses = $47,750
  • we are short $14,000 to move in.

[edit] 410 Clementina

3+3 IG net of all utilities, we're guessing $4000 with some basic owner built improvements. (This rent $ number is not as firm as 2169 because we haven't negotiated to a final deal yet, it might go up or down as we negotiate.)

[edit] Startup Expenses

  • $12,000 F+L+D
  • $10,000 buildout
  • $2000 misc
  • total: $24,000

[edit] Recurring Expenses

  • $4000 rent
  • $350 insurance
  • $500 electrical
  • $200 internet
  • $600 cleaning
  • $200 supplies
  • $200 misc
  • total: $6050, 152 starving hackers or 50 hackers + 50 starving hackers.
  • startup + 3 months operating expenses = $42,150
  • we are short $9,000 to move in.

[edit] Comparison

2169 Mission: $47,750 move-in goal, $98,600 first year, $234,200 3-year total 410 Clementina: 42,150 move-in goal, $96,600 first year, $241,800 3-year total (don't those numbers make you want to buy real estate?)

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