[inthewoods]

Ah, yes, it was showing me Montreal - so $25 x 10 hrs x 20 days = $2500/month - better. In fact, my suggestion was going to be to double their rates! If I was them, I would be encouraging/exploring more hours per guest - so charge $30 for one hour and then drop it in blocks of 2 or 4 hours.

I still don't like taking on the inventory risk.

I think they limit it to 10-12 hours per day in their schedule (as they limit the days to during the week). I'm just making an assumption about their occupancy rate - could be higher or lower.

[chockablock]

> I still don't like taking on the inventory risk.

In the article they mention that the spaces are often small underused spaces in commercial buildings, and that they try to make revenue-sharing deals with landlords, rather than paying fixed rents.

[inthewoods]

Thanks for pointing that out - that makes it a lot more interesting. Basically they then become a marketing arm for temp space for the landlords - a much better business imho.

[sunir]

You are off by a factor due to an error in your math

$25/h x 10h/d x 20d/mo = $5000/mo

[inthewoods]

Oops - you're right - shouldn't do math before coffee!

[breatherjulien]

This.