Moving/Price Comparison

Note: This page is for historic purposes only. It does not apply to modern Noisebridge. | 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.

Cost Structure

Move-in Costs

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

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

Current Cash Position

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

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?

2169 Mission

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

Startup Expenses

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

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.

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.)

Startup Expenses

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

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.

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?)