In our three charts below, we compare the features, start-up costs, and monthly costs of conventional office space and executive suites. The conventional space in our example includes 750 square feet - the minimum needed to provide a 150 square foot private office, a small conference room, a reception area, and a kitchenette (as well as account for the common area factor included in most conventional space leases).
The comparable Front Range Business Centers office suite in our example is a 150 square foot window office with a balcony; the conference rooms, reception area, kitchen and common areas are shared and available at your convenience.
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Start-Up Costs |
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Expenses |
Conventional |
Front Range Business Centers |
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First Month In Advance |
750 sq. ft. space with an annual cost of $12/sq. ft. NNN and $3/sq. ft. for building and maintenance expenses |
$938 |
Private 150 sq. ft. window office with balcony and full use of reception services, meeting rooms, and kitchens. |
$850 |
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Security Deposit |
Typically equal to one month's rent, but may be more. |
$938 |
Completely refundable. |
$250 |
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Office Set-Up Fee |
Not applicable |
$0 |
This one-time fee covers moving in your rented furniture, setting up your new phone and service, and activating your Internet access. It also includes up to 30 minutes of assistance to configure your computer to use our Internet service. |
$150 |
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Deposits on Leased Copier/Office Equipment |
Equipping your office with quality equipment takes time, money, and often a long-term commitment. This example assumes leasing a B/W copier, and purchasing a shredder and a desk phone. |
$500 |
Our high-quality B/W and Color photocopiers are available for your use as you need them. We also provide a sophisticated Intertel Axxess programmable phone for your office and a shredder in each copier workroom. |
$0 |
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New Furniture |
Furnishing your new space with a desk, credenza, receptionist's desk, desk chairs, conference room table and chairs, guest chairs, refrigerator, microwave, coffee pot, and all the accessories adds up quickly. |
$5000 |
Furnishings and appliances are already in place in our reception areas, conference rooms, and kitchens. We can also provide you with a fully-furnished office complete with desk, credenza, leather executive chair, and two guest chairs for a low monthly fee. |
$0 |
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Staff Recruiting & Training |
Finding, hiring, and training the right assistant takes time and resources. Advertising, setting up payroll, insurance, and your time to train her all take you away from your core business. |
$1500 |
Our Client Services Assistant is your personal receptionist and administrative assistant. Your calls are answered promptly and courteously, giving your business the professional image you want. When you need administrative support, only pay for the time you use. |
$0 |
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Phone & Internet Activitation |
You do the research, manage the process, and set up your phone on your own. This example assumes just one phone line, voice mail, and DSL Internet access. Add a phone line and Internet access for your assistant, and the costs go up. |
$200 |
Your office already includes phone service and Internet access. You'll have immediately available a phone number, phone, voice mail, long-distance services, and access to the Internet via a high-speed T-1 line (the fastest, most reliable Internet service available). All of this will be set-up for you - you just plug in your equipment and you're ready to work. |
$0 |
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Tenant Improvements |
Most conventional space needs updated or remodeled to meet your needs. This example assumes a modest $3/sf, but it can be more. |
$2250 |
Your office is in move-in condition with no updating or remodeling needed. |
$0 |
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Total |
$11326 |
$1250 |
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Total Savings: $10,076 |
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Monthly Costs |
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Expenses |
Conventional |
Front Range Business Centers |
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Monthly Fee |
(750 sq. ft. x $12 NNN)/12 months |
$750 |
Office features vary from small interior offices to large window offices with balconies. Prices start at $375/mo. This example assumes a 150 sq. ft. window office with balcony. |
$850 |
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Maintenance Expenses |
$3/sq. ft. per year to include utilities, janitorial, building maintenance, etc. |
$188 |
All utilities, 5x/wk janitorial, and maintenance included |
$0 |
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Equipment Leases, Maintenance & Supplies |
Copier rental, toner, copy paper, fax film |
$200 |
Pay per use:
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$25 |
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Phone & Internet Services |
Two phone lines, voice mail, and DSL Internet access (phone not included) |
$125 |
Office includes a phone number, use of two phone lines, an Intertel Axxess programable speaker phone, voice mail, and high-speed T-1 Internet access. Add a private fax line for $25. |
$25 |
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Salaries & Benefits |
Full-time receptionist/office assistant (included taxes and benefits) |
$2500 |
Each office includes full reception services. Additional administrative support services are also available. (This example assumes 10 hrs/mo. of additional administrative services) |
$200 |
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Furniture Rental |
This example assumes all furniture for an office, reception area, meeting area and kitchen is purchased at start-up for conventional space. (If it is rented, estimate $500-$600 per month.) |
$0 |
Front Range Business Centers can supply all furniture for your office. This example assumes renting a desk, credenza, executive chair, and 2 guest chairs. |
$125 |
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Kitchen Supplies |
Coffee, tea, sugar, cream, plates, napkins, silverware, etc. |
$50 |
Starbucks coffee, tea, water and kitchen supplies are included. |
$0 |
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Total |
$3813 |
$1225 |
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Total Savings: $2,588 per month |
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Features Comparison |
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Features |
Conventional |
Front Range Business Centers |
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Flexibility to Downsize or Expand |
Not available or limited |
Very Flexible - add offices as you grow, or downsize with ease |
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Length of Commitment |
3 years plus |
Flexible - Typically 12 months, but shorter commitments are available as well as office time by-the-hour |
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Available meeting rooms |
One - space you pay for, even if you don't use it frequently | . |