Potential Savings

The following chart demonstrates the value of Tower Executive Suites when compared to the costs associated with a 1,000 square foot traditional office space designed to include an office, reception area, conference room, break area, and supply room for copy machine, fax machine, postage equipment, storage, versus two offices at 350 sq. ft. for 4 people at Tower Executive Suites:

  • Up-Front Capital Savings: $ 35,525.00
  • Annual Recurring Savings: $ 33,750.00

ANNUAL 1ST YEAR SAVINGS OF OVER 45%!!

UP-FRONT COSTS TRADITIONAL TES
Space Build-out in Excess of Landlord Allowance $10,000 $0
Furniture
Reception Station $3,800 Included
Conference Room Setup $5,000 Included
Individual Office Furnishing (4 Workstations Optional) $4,500 Included
Security Requirements (Refundable) $4,500 $1,800
Staff Recruiting Costs $5,600 Included
Office Equipment
Phones $1,500 Included
Fax Machine $600 Included
Other Office Equipment (Server, Router, Etc.) $2,500 Included
Setup Fees (Telephone, Voice Mail, I/N) $925 $1,600
Total Up-front Capital Required $38,925 $3,400
ONGOING ANNUAL EXPENSES TRADITIONAL TES
Rent Expenses (Executive Suite office without furniture) $20,000 $34,800
Telephone Lines $3,000 Included
Telephone Usage $2,850
T1 Internet Access with router $4,200 Included
Office Staff, Including Benefits $32,100 Included
Temp Agency Expense (Vacation/Sick Days) $2,000 Included
Repairs & Maintenance $2,000 Included
Coffee & Beverage Service $1,140 Included
Additional Equipment Rental
Postage Machine & Meter Rental $700 Included
Copier (Based on 1,000 Copies per Month) $4,800 $1,440
Total Ongoing Expenses $73,190 $39,440