Benefits

  • Multi-space Use
  • Landlord is giving us some buildout credit (not sure how much and what this consists of)
  • The studio is a great ideal space for both organizations
  • Photography studio would remain where it currently is.
  • Main level be turned into the media academy
  • Offer to manage email and calendars by formalizing googleapps for use by Jazz's team.
  • Centralized Technology, ArtsGroup has a range of tools for use (project management, web development, email marketing, PR personnel, Photographers, Videographers, Interns, Musicians)

Multi-Use Space Details

  • Would we need a studio manager?
  • Profits from renting out studio space?  Thoughts on this?
  • Access control?  Security system cost
  • 2 administrative offices

ArtsGroup Revenue Opportunities

  • "SnapHappy" programming for youth (out of school time classes and summer camp instruction) - (SnapHappy.com)
  • Media and Social Network Headquarters - (Photographerfocus.com)
  • Website Development Services
  • Photography Consultations - 80% of photography business is wedding consultations (expanding in 2015)
  • General Administration
  • Recording Studio rentals
  • Band Practice Rentals
  • Chrome-Magazine
  • Commercial Shoots

 

Cons

  • Business Trade and consolidation of resources
  • Establishment Identity vs umbrella vs subleasing
  • Insurance verification and certificate of eligibility for facility
  • Splitting rent between 2 vs 4 (who is your POC)
  • Direct deposit requirement
  • Studio build up, equipment, engineer for implementation.  
  • Recording applications licensing (what tools will we need in studio)
  • Splitting Revenue Costs and equations
  • Compressed timeline by landlord
  • Build out costs
  • Current Tenant wants to remove floors in basement and in studio.. Cost estimate for that needs to be conducted and determine investments
  • Is split leasing available?
  • How do we manage a collaboration space? Including schedules and protocols.
  • Determining revenue generators

032814 UPDATES

  • Schedule follow up with Jazz and company
  • Complete Proposal and adjust business plan
  • Receive formalized plan from landlord, currently they are "flushing" out details of how building would be turned over
  • Schedule contractor to review location
  • Review Software licensing
  • Lesson Plans for Programs
    • Determine initial impact programs (what are the available courses we offer
    • costs for program development
    •  
  • Prepare for Tots to Teens Expo at Convention Center
    • Develop marketing material
    • Ship pop-up displays