Fuse Community Work Hub Co Working Space Business Plan PDF

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!
24
Appendices!
!
=665*9+C!+A!$@'B!_/'B,7!"+*4*D+4@!6/'W5D,+'*3!
=665*9+C!++A!"43,!_/'B,7!"+*4*D+4@!P/'W5D,+'*3!
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=665*9+C!?A!<5354/D7!'*!&4*49+4*!&'\B'/0+*8!$64D53!
=665*9+C!?+A!%\3)/?5-!':!$)*37+*5!&'43,!*5,B'/0!
=665*9+C!?++A!=/,!:4/(!2'4/9!4*9!"#$%!$,55/+*8!&'((+,,55!
=665*9+C!?+++A!$,/4,58+D!P4/,*5/37+63
=665*9+C!+CA!L4/05,+*8!P@4*!
=665*9+C!CA!P7435!;B'!1)(4*!<53')/D5!*5593!
=665*9+C!C+A!>(6@5(5*,4,+'*!P@4*!
=665*9+C!C++A!"#$%!<+30!4*9!&'*,+*85*D-!P@4*!
=665*9+C!C+++A!"#$%!$5D75@,!P+@',!/5*95/+*83!
=665*9+C!C+?A!"#$%!U/4*9+*8!P4D0485!
=665*9+C!C+++A!%*9*',53!
!
!
=665*9+D53!4?4+@42@5!)6'*!/5c)53,!
25
FUSE Community Work Hub CapacityBuild Consulting Inc. 04/11/2012
Cash Flow Worksheet
Opening Year 1 Year 2 Year 3 Year 4 Year 5
Sources of Cash
Revenue
Vancouver Foundation 25,000 25,000 25,000
Vancity Community Foundation 30,000 25,000 20,000
District of Sechelt 10,000 10,000
Town of Gibsons 10,000 10,000
Sunshine Coast Community Foundation 5,000 5,000 5,000
BC Gaming 5,000 5,000 5,000
Capital Improvement Grant
FUSE Pilot 1 Income 22,775 29,608 38,490
FUSE Pilot 2 Income 22,775 29,608
FUSE Permanent Space 112,526 146,284
Misc. Sponsorship (in-kind and cash) 16,000 40,000 40,000 24,000 35,000 25,000
Total Income 21,000 137,775 172,383 152,097 147,526 171,284
Expenses
Salaries & Benefits 42,660 53,225 66,530 76,510 84,160
Contract fees 21,700 23,200 25,200 10,000 10,000
Administration 3,000 3,000 3,000 1,000 1,000
Business Development 20,000 20,000 20,000 10,000 10,000
Marketing 8,000 8,000 8,000 10,000 5,000
FUSE Pilot Expenses 19,600 41,600 41,600
FUSE Permanent Space Expenses 45,000 45,000
Total Expenses 0 114,960 149,025 164,330 152,510 155,160
Excess of Revenue over Expenses 21,000 22,815 23,358 -12,233 -4,983 16,124
Financing Proceeds
Loans 10,000 10,000 50,000
Equity
Total Financing Proceeds 10,000 10,000 0 0 50,000 0
Total sources of cash 31,000 32,815 23,358 -12,233 45,017 16,124
Uses of cash
Capital Cost
Tenant Improvement Expenses 12,750 12,750 30,000
Initial Inventory of Supplies 5,000 5,000 15,000
Move in costs 1,000 1,000 5,000
Web Development 2,500 0 2,000
Total Capital Cost 21,250 18,750 0 0 52,000 0

Financing costs
LoanPayments 0 2,320 2,320 2,320 2,320 2,320
loan interest rate 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
11,600 11,600
Total Financing costs 0 2,320 4,640 4,640 16,240 16,240
Total Uses of Cash 21,250 21,070 4,640 4,640 68,240 16,240
Increase (decrease) in net project cash flows 9,750 11,745 18,718 -16,873 -23,223 -116
Opening cash position 0 9,750 21,495 40,213 23,340 117
Closing cash position 9,750 21,495 40,213 23,340 117 1
FUSE Permanent Space Income for Year 4 is equal to 30% increase of combined Pilot Spaces PLUS 4 anchor tenant offices at
$500/month
FUSE Permanent Space Income for Year 5 is equal to 30% increase from year before
Cash Flow Worksheet
Opening Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Annual
Sources of Cash
Revenue
Vancouver Foundation 25,000 25,000
Vancity Community Foundation 30,000 30,000
Sunshine Coast Community Foundation 5,000 5,000
Town of Gibsons 0
BC Gaming 5,000 5,000 5,000
FUSE Pilot Income 1,050 1,250 1,750 2,525 2,525 2,600 1,725 1,600 1,950 2,300 2,300 1,200 22,775
Misc. Sponsorship (Cash and In-kind) 16,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 18,000 40,000
Total Income 21,000 38,050 3,250 3,750 34,525 4,525 9,600 3,725 3,600 3,950 9,300 4,300 19,200 137,775
Expenses
Salaries & Benefits 3,555 3,555 3,555 3,555 3,555 3,555 3,555 3,555 3,555 3,555 3,555 3,555 42,660
Contract fees 1,808 1,808 1,808 1,808 1,808 1,808 1,808 1,808 1,808 1,808 1,808 1,808 21,700
Administration 1,000 2,000 3,000
Business Development 500 500 2,000 2,000 6,000 2,000 0 0 2,000 2,000 1,500 1,500 20,000
Marketing 2,000 2,000 1,000 1,000 250 250 250 250 250 250 250 250 8,000
FUSE Pilot Expenses 1,633 1,633 1,633 1,633 1,633 1,633 1,633 1,633 1,633 1,633 1,633 1,633 19,600
Total Expenses 0 10,497 9,497 9,997 11,997 13,247 9,247 7,247 7,247 9,247 9,247 8,747 8,747 114,960
Excess of Revenue over Expenses 21,000 27,553 -6,247 -6,247 22,528 -8,722 353 -3,522 -3,647 -5,297 53 -4,447 10,453 22,815
Financing Proceeds
Loans 10,000 0
Equity 0
0
Total Financing Proceeds 10,000 0 0 0 0 0 0 0 0 0 0 0 0 0
Total sources of cash 31,000 27,553 -6,247 -6,247 22,528 -8,722 353 -3,522 -3,647 -5,297 53 -4,447 10,453 22,815
Uses of cash
Capital Cost
Tenant Improvement Expenses 12,750 0
Initial Inventory of Supplies 5,000 0
Move in costs 1,000 0
Web Development 2,500 0
0
Total Capital Cost 21,250 0 0 0 0 0 0 0 0 0 0 0 0 0
Financing costs
LoanPayments 0 193 193 193 193 193 193 193 193 193 193 193 193 2,320
loan interest rate
0
0
Total Financing costs 0 193 193 193 193 193 193 193 193 193 193 193 193 2,320
Total Uses of Cash 21,250 193 193 193 193 193 193 193 193 193 193 193 193 2,320
Increase (decrease) in net project cash flows 9,750 27,360 -6,440 -6,440 22,335 -8,915 160 -3,715 -3,840 -5,490 -140 -4,640 10,260 20,495
Opening cash position 0 9,750 37,110 30,670 24,230 46,565 37,650 37,810 34,095 30,255 24,765 24,625 19,985 9,750
Closing cash position 9,750 37,110 30,670 24,230 46,565 37,650 37,810 34,095 30,255 24,765 24,625 19,985 30,245 30,245
FUSE Pilot 1 Income
Unit $ Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 ANNUAL
Fixed 350 350 350 700 1050 1050 1050 350 350 700 700 700 350 7700
Hot Desk 1 75 225 300 450 450 450 525 600 600 600 450 450 750 5850
Hot Desk 2 125 125 250 250 250 250 250 250 125 125 375 375 0 2625
Hot Desk 3 175 0 0 0 175 175 175 175 175 175 175 175 0 1400
Hot Desk 4 250 250 250 250 500 500 500 250 250 250 500 500 0 4000
Drop in 25 50 50 50 50 50 50 50 50 50 50 50 50 600
Misc Services 10 50 50 50 50 50 50 50 50 50 50 50 50 600
TOTALS: 1050 1250 1750 2525 2525 2600 1725 1600 1950 2300 2300 1200 22775
FUSE Pilot 1 Expenses

ANNUAL
Rent 9600
Office Supplies 1500
Internet/Phone 2000
Repair/Maintenance 1000
Security 1000
Cleaning 2000
Insurance 2000
Bank Fees 500
TOTAL: 19600
Contract Fees
ANNUAL
Bookkeeper 2000
Greeter 4200
Lawyer 3000
Accountant 2500
Architect 2500
Designer 5000
Marketing Consultant 2500
TOTAL: 21700
Salaries and Benefits

ANNUAL
Operations Manager 20000
Project Manager 20000
EI 880
CPP 1380
WCB 400
TOTAL: 42660
Cash Flow Worksheet
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Annual
Sources of Cash
Revenue
Vancouver Foundation 25,000 25,000
Vancity Community Foundation 25,000 25,000
Sunshine Coast Community Foundation 5,000 5,000
Town of Gibsons 10,000 10,000
BC Gaming 5,000 5,000
FUSE Pilot Income 2,490 2,950 4,025 5,808 5,808 5,980 3,968 3,680 4,485 5,290 5,290 2,760 52,533
Misc. Sponsorship (Cash and In-kind) 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 18,000 40,000
Total Income 39,490 4,950 6,025 32,808 7,808 12,980 5,968 5,680 6,485 22,290 7,290 20,760 172,533
Expenses
Salaries & Benefits 4,435 4,435 4,435 4,435 4,435 4,435 4,435 4,435 4,435 4,435 4,435 4,435 53,225
Contract fees 1,933 1,933 1,933 1,933 1,933 1,933 1,933 1,933 1,933 1,933 1,933 1,933 23,200
Administration 1,000 2,000 3,000
Business Development 500 500 2,000 2,000 6,000 2,000 0 0 2,000 2,000 1,500 1,500 20,000
Marketing 2,000 2,000 1,000 1,000 250 250 250 250 250 250 250 250 8,000
FUSE Pilot Expenses 3,467 3,467 3,467 3,467 3,467 3,467 3,467 3,467 3,467 3,467 3,467 3,467 41,600
Total Expenses 13,335 12,335 12,835 14,835 16,085 12,085 10,085 10,085 12,085 12,085 11,585 11,585 149,025
Excess of Revenue over Expenses 26,155 -7,385 -6,810 17,972 -8,278 895 -4,118 -4,405 -5,600 10,205 -4,295 9,175 23,508
Financing Proceeds
Loans 10,000 10,000
Equity 0
0
Total Financing Proceeds 10,000 0 0 0 0 0 0 0 0 0 0 0 10,000
Total sources of cash 36,155 -7,385 -6,810 17,972 -8,278 895 -4,118 -4,405 -5,600 10,205 -4,295 9,175 33,508
Uses of cash
Capital Cost
Tenant Improvement Expenses 12,750 12,750
Initial Inventory of Supplies 5,000 5,000
Move in costs 1,000 1,000
Web Development 0
0
Total Capital Cost 18,750 0 0 0 0 0 0 0 0 0 0 0 18,750
Financing costs
LoanPayments 387 387 387 387 387 387 387 387 387 387 387 387 4,640
loan interest rate
0
0
Total Financing costs 387 387 387 387 387 387 387 387 387 387 387 387 4,640
Total Uses of Cash 19,137 387 387 387 387 387 387 387 387 387 387 387 23,390
Increase (decrease) in net project cash flows 17,018 -7,772 -7,197 17,585 -8,665 508 -4,505 -4,792 -5,987 9,818 -4,682 8,788 10,118
Opening cash position 30,245 47,263 39,491 32,294 49,879 41,215 41,723 37,218 32,426 26,439 36,257 31,575 30,245
Closing cash position 47,263 39,491 32,294 49,879 41,215 41,723 37,218 32,426 26,439 36,257 31,575 40,363 40,363
FUSE Pilot 1 Income SAME AS YEAR 1 X 30%
Unit $ Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
TOTALS: 1365 1625 2275 3282.5 3282.5 3380 2242.5 2080 2535 2990 2990 1560
FUSE Pilot 2 Income SAME AS PILOT 1 Year 1
Unit $ Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Fixed 350 350 350 700 1050 1050 1050 350 350 700 700 700 350
Hot Desk 1 75 300 375 450 450 450 525 600 600 600 450 450 750
Hot Desk 2 125 125 250 250 250 250 250 250 125 125 375 375 0
Hot Desk 3 175 0 0 0 175 175 175 175 175 175 175 175 0
Hot Desk 4 250 250 250 250 500 500 500 250 250 250 500 500 0
Drop in 25 50 50 50 50 50 50 50 50 50 50 50 50
Misc Services 10 50 50 50 50 50 50 50 50 50 50 50 50
TOTALS: 1125 1325 1750 2525 2525 2600 1725 1600 1950 2300 2300 1200

ANNUAL
Rent 9600
Internet/Phone 2000
Security 1000
Cleaning 2000
Insurance 2000
Bank Fees 500
TOTAL: 19600

ANNUAL
Rent 12000
Internet/Phone 2000
Security 1000
Cleaning 2000
Insurance 2000
Bank Fees 500
TOTAL: 22000
Contract Fees
ANNUAL
Bookkeeper 3000
Greeter 4200
Lawyer 3000
Accountant 3000
Architect 2500
Designer 5000
Marketing Consultant 2500
TOTAL: 23200
Salaries and Benefits

ANNUAL
Operations Manager 25000
Project Manager 25000
EI 1100
CPP 1725
WCB 400
TOTAL: 53225
Page 1 of 1
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!

with support from:

" )+:I+C("=" )+:I+C(";" )+:I+C("\" G'*&7&5(."

Total Financing Proceeds 10,000 10,000 0 0 50,000 0

Total sources of cash 31,000 32,815 23,358 -12,233 45,017 16,124

Total Capital Cost 21,250 18,750 0 0 52,000 0

Total Financing costs 0 2,320 4,640 4,640 16,240 16,240

Total Uses of Cash 21,250 21,070 4,640 4,640 68,240 16,240

Opening cash position 0 9,750 21,495 40,213 23,340 117

Closing cash position 9,750 21,495 40,213 23,340 117 1

FUSE Pilot 1 Income

FUSE Pilot 1 Expenses

Salaries and Benefits

FUSE Pilot 1 Income SAME AS YEAR 1 X 30%

FUSE Pilot 2 Income SAME AS PILOT 1 Year 1

FUSE Pilot 1 Expenses

FUSE Pilot 2 Expenses

Salaries and Benefits

! " ! # $ % & ' ( $ ) * + , - ( ) % $ , . / , # 0

http://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html © 2008 Vertex42 LLC

! " ! # $ % & ' ( $ ) * + , - ( ) % $ , . / , # 0

L M N O P O Q M R S N T U M O V W X ! " S S N R # $ % & ' ( & ) * + , - + . & ) / 0 1 + % 2 3 ) / 4 0

K S T P O T < R < = T P O T < R < = T K R U O W U  N ; P M T N ;

I M ? N T < K N # S < O T 5 W W R " <   N ; N O W <  N ; N O W <   < 

http://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html © 2008 Vertex42 LLC

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I M ? N T < K N # S < O T 5 W W R " < N ; N O W < N ; N O W < <