4 ms·
Basically what you are describing is a coworking space. Coworking spaces are great, but from the perspective of an operator (I recently opened one) it's not a b
by carbon8 16y ago
Basically what you are describing is a coworking space. Coworking spaces are great, but from the perspective of an operator (I recently opened one) it's not a business to go into if you are looking to make money with it. Rent can only be so cheap (and in the US the commercial real estate market is already picking up again), you only have so much space and people are only willing to pay a certain amount. It's also logistically more difficult to manage and monitor an hourly pricing structure than one that's per visit/day/week/month and those longer periods require larger lump sums then some people are willing to pay.
Coffee shops, which are more profitable but also not usually a huge money makers, can make money from walk-ins and, due to the lower upfront prices, require less commitment from each customer. There are a few hybrid coffee shop/coworking spaces, but it's unclear how viable the model actually is. Commercial espresso machines are very expensive ($10K-$15K+), barista salaries are an additional expense and you need to balance serving people who walk in with the people who are on the coworking side. Also, if you have things like enclosed booths that means you have to fit in fewer people per square ft.
So, there's often a market there, but the economics are such that it's hard to make it very profitable, certainly much harder than many other businesses. Still, just so this doesn't sound completely pessimistic, it's not much work to maintain a straight coworking space (not much more than a regular office), it's entirely possible to make enough money to offset the work you put into it and there is a lot of value that extends beyond the immediate financial compensation.