Here’s the thing: if you start a coworking space for the first time, you’re going to waste half your money – you just don’t know which half.
We’ll tell you which half.
DenSwap’s feasibility studies have been helping coworking chains, property owners, and developers build confidence in their decisions for the past 10 years. We’ll provide you with the information to move forward or bail early on a project, and give you the target buildout and expenses you should aim for. Our main objective is to ensure to you that your investment is achievable, economically justifiable, and determine the viability of your brand and target market. It’s a powerful report you’ll want before you commit.
Don’t waste hundreds of thousands of dollars on a future failed business.
With a careful assessment of real numbers and local market research, our flex space report is designed to give company stakeholders the clearance they need to press forward in their future coworking investment. Our coworking feasibility studies use the same dynamic customer data sets that Starbucks, Target, and McDonalds use to open new locations. Based on honest opinion, we basically tell you if your future coworking space will be successful or not and provide you with other options if we believe there’s a better opportunity elsewhere. We’ll figure out what the demand is, how much sqft can be supported, what type of coworking will be most popular for your market, look at competition and analyze their weaknesses, and build a two-year roadmap that you can execute on until you’re the best and most profitable business in the area. Yep, we do it all so you don’t have to. Let us do the heavy lifting.
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 most attractive to your customer
Give us an address, or describe your area and square footage, and we’ll handle the rest.
Fortunately, we don’t need much from you. We need the address of your space to run the demographics to advise a target market and the current floor plan to sketch out our version of the buildout model. Unlike many other Feasibility Reports, ours gives the most accurate demographic information based on drive time from surveys to evaluate different target market options. Not a dot with a circle around it as most others provide. We go the extra mile. Everything else, we come up with based on unbiased formulas that have taken us years to generate backed up by solid and trustworthy market research and data.
To begin your process, set up a call with a DenSwap partner to discuss your need for a Feasibility Report. We will tell it to you straight because we want to insure confidence in your process.