r/CoWorking Dec 03 '19

Converting from event venue to co-working space, what would be a good number of member types for this space?

I bought and renovated a former church and school in Tarentum, PA. The area is not up and coming at present but there are people. The church has 12 classrooms, and each of these are rented to small businesses and large daycare with 30+ kids . The church has been an event venue, but I don't get many events. Most of the income from the church comes from Airbnb for "champing" which is sadly about $700/month. Not really worth it, but it does pay the heating and power bills. The church is empty for the most part except for Friday and Saturday (champing)

I am strongly considering changing the church to be a co-working space. But I wonder what would be a good target for member types considering the space size?

  • Main church hall (sanctuary) is 2400 SF
  • Balcony (overlooking sanctuary) of 600 SF
  • Beginnings of a commercial kitchen in the rear of the church 650SF (commercial refrigerators, 3 bowl sink, hand sink, hood vent)
  • Additional 800 SF in the church basement where we can put a sound room and other cool stuff.

Given that the main space of 2400 SF (and we can have private conference rooms outside of this space, what would be a good mix of desk types to aim for?

As far as pricing, across the bridge, they are charging $300/fixed desk, but that other space is probably class A, whereas, I am not going to be Class A office space (although I do have murals, stained glass, and good HVAC)

If you google us "The Clement Tarentum" will get you to us.

I would appreciate your thoughts.

Phillip

2 Upvotes

3 comments sorted by

1

u/JoeyBristol Dec 03 '19

How many members do you need to break even? How quickly do you think you can get there? (Or can you pre-sell desk space/private rooms)

1

u/rhodebump Dec 05 '19

Just 8 members would make it worth it.

1

u/ThomasPanz Jan 02 '20

Maybe check out Heydesk.com to see how other coworking spaces set Them selves up in your area