Suburban Office Building Ditched Coworking Franchise to Launch Fast and Lower Costs

The leading franchise group was slow to respond to construction and build out questions resulting in months of costing delay. The existing space had built out small offices and conference rooms and was suppose to launch in 3 months, when cash flow was expected and needed to finance the property. In addition to delays, startups costs and furnishings costs were already ballooning past intial expectations. 

The client was an indiependet property owner with less than fivecommercial properties and lived over 1,000 miles away. The coworking space was to take two out of three floors of the building, increasing occupancy in a difficult office environemnt. He wanted a 90% turnkey operation with a launchplan with no more than 2 annual trips to the property for business.

The goal was to start launch a coworking / executive suite operation  in the next 3 months, limit additional build out, and start generating a monthly profit within 9 months. The coworking space's goal was to finance the property for a future payout while limiting the owner's need to for daily partcipation.

Feasibility Study to determine the best market positioning of the space and a realistic business model based on local demographics, competition, and the exsisting sapce. 

After the feasibility came back positive and met the owner's goals, Launch Consulting was used to quickly help the client convert vacant space in a revenue driving asset. 

• Furniture selection, software selection, staffing strategy, pricing, website design, marketing, and policies.

Fractional Executive Services has continued to be used to continually evaluate operations, answer staffing questions, pricing, and customer relationship questions.