Focus & Feasibility Report: Start Your Own Coworking Space Business

Focus & Feasibility Report: Start Your Own Coworking Space Business

Here’s the thing: if you start a coworking space but don't know what you're doing, you’ll spend a lot of your money. We know from experience that 50% is wasted on things we just don’t know.

We will show you which half so there's less uncertainty and more success on your very first attempt.

Propques has been helping business owners, property owners, and developers with their decisions for 7 years. We'll provide valuable information to help you make your final decision to start your own coworking space. Our main goal is to provide you with the data you need to confidently move forward or to bail if it's not working out. We'll also help you determine what your target buildout and expenses should be in order to achieve success.

When you invest in a business, whether it be an online business or brick-and-mortar, you have a certain strategy for either success or failure. You don't want to waste your time and money on one that's looking like a failure.

Our flex space report is designed to give company decision-makers the information they need to press forward with future coworking investments. We use customer data from retail powerhouses such as Starbucks, Target, and Mcdonald's to advise you on your future expansion opportunities.

By analyzing your options for necessity and profitability, we can tell you if your next coworking space will be successful or not. We'll provide you with other possible locations if we feel it's more promising than what you have in mind, so don't hesitate to speak up! Our expert opinion comes at no cost--we'll figure out what type of coworking would best serve your needs, how much sqft can be supported by the demand, identify competitors' weaknesses while analyzing their numbers, and map out an accurate two-year roadmap for feasibility. After all that hard work? You never have to lift a finger again. Let our team do the heavy lifting.

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What You’ll Learn from the Feasibility Report:

  • Total likely coworking customers and their ‘coworking type’
  • Coworking business model recommendation to be most successful
  • Model floor plans and buildout costs?
  • Monthly Profit and Loss projections for the first year
  • Breakdown of expenses for operating your space
  • Staffing recommendation
  • List of unique amenities that would be most attractive to your customer

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All you need to do is tell us the address, square footage, and details of your space so we can begin customizing our solution.

We need very little information from you in order to give you an accurate feasibility report. We need the address of your space, as well as the current floor plan, and then we can create a draft of what the buildout will look like. Unlike many other feasibility reports, ours gives the most accurate demographics based on surveys that evaluate different target markets. When others extrapolate with guesses and selected data points, we take into account all available data, including unbiased formulas and solid market research.

Begin your business today with a call to Propques. Once we know your needs, we'll provide you with a customized Feasibility Report, telling you what you need to hear. This is to ensure that you have complete confidence in our process and the information provided.

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