creative humans working hard to birth fresh ideas, make great stuff, and foster meaningful relationships in our community.
LEASE PROPOSAL - January 2020
Tenant: HIVE Studios
Landlord: The Factory
Hive Studios will lease the Mezzanine incrementally as new HIVE members rent sections of the space.
The ascending rent agreement for the Mezzanine will be based on three primary sources.
1. 10x10 studio spaces rented for 300/month
2. Co-op Gallery Memberships at 100/month (Studio Member Price)
3. Co-op Gallery Membership at 150/month (non-Studio Member Price)
Based on our most recent design, we estimate that there will be 12 studio spaces available and 20 gallery memberships.
Monthly Revenue from Studio memberships: 3600/mo
Monthly Revenue from Gallery memberships: 1200/mo (studio members) (12@100)
Monthly Revenue from Gallery memberships: 1200/mo (non-studio members) (8@150)
Total potential monthly revenue: 6,000
PROJECTIONS
MARCH 2020 (month 1)
6 Studio Members @ 300/ea = 1800
6 Gallery Members @ 100/ea = 600
2 Gallery Members @ 150/ea = 300
RENT: 2700
JUNE 2020 (month 4)
10 Studio Members @300/ea = 3000
10 Gallery Members @100/ea = 1000
5 Gallery Members @150/ea= 750
RENT: 4750
OCTOBER 2020 (month 8)
12 Studio Members @300/ea = 3600
12 Gallery Members @100/ea = 1200
8 Gallery Members @150/ea= 1200
RENT: 6000
ownership/management/operations
Operations, Marketing, Branding, Member Relations will all be organized by Lee White and David Braud. They will oversee and pay for Branding, Website Development, Social Media, Signage and other Marketing responsibilities.
Build out design will be primarily the responsibility of Lee and David. The Factory will cover the cost for any materials considered permanent (flooring, permanent lighting, painting railing, etc)
Studio and Gallery space will be part of the agreement for Lee and David.
In lieu of rent, Lee and David will handle all of the above duties and responsibilities.
HIVE Vision & LEADERshIP
Lee White (Illustrator) and David Braud (Photographer) look to be the ones behind all this. Lee is an accomplished book illustrator and fine artist who also runs a successful online illustration school. David is a freelance photographer who also taught photography and curated the art gallery at O’More College of Design in Franklin for 7 years. Lee grew up in Nashville, moved to Portland, and moved back to Franklin 3 years ago. David has been in Franklin since graduating from the University of Georgia in 1996. David and Lee were both members of the Franklin Creative Suite in Franklin and have some solid experience running this type of operation.
