Draft business model brief

Summary

The Omni Oakland Collective will be a shared community space – “a commons with a roof” – meeting the underserved needs of Oakland exponentially more than we can in our existence apart.

Needs in our community

Spaces in Oakland are increasingly expensive, exclusive, and out of the hands of communities without access to means of producing a better, more joyous livelihood. From a history of uneven development, Oakland’s future needs basic space and resources that serve as community anchors. Bridging gaps in social services and continuing education can be accomplished by bringing together separate initiatives.

Members and stakeholders

The Omni Oakland Collective is made up of eight Bay Area collectives. We have roots in Oakland for many years and a shared vision that prioritizes people’s needs over private profit.

Members includes these eight groups, which represent 250 active participants and reach to 5,000 individuals through mailing lists and other channels, as well as other groups and individuals interested in using the space.

Stakeholders include these members as well as neighborhood residents and organizations, community beneficiaries throughout the Bay Area, donor and partner entities, and allied initiatives locally and beyond.

Unique Model and Value

The Omni project models a community initiative where space and resources are mutually shared and cared for. We invite collectives and groups to join us in establishing this hub for the use and stewardship of the greater community. Every person and activity brings value to the space as a whole.

We will provide both designated spaces for specific activities and common spaces open for everyone. We are intimately familiar with the needs and assets involved. Three of the founding member collectives have qualified experience providing space together at their current location. Our accomplishments range from creating an Oakland independent wi-fi to organizing a panel discussion featuring feminist scholar Silvia Federici.

Project

Omni Oakland Collective intends to acquire and improve a property for the purpose of giving it back to the neighborhood and greater community. We established a public benefit corporation to administer a property with space and pooled resources. Omni will hold a master lease and sublease to eight member collectives. A stewardship team will oversee essential functions of administering the space, collecting fees, and paying bills.

Initial project costs of $X include first month and security deposit plus appx. $Y build-out and general improvements. We have $X in contributions from member collectives plus access to appx. in private, no-interest loans.

Monthly operating costs of $X include rent, utilities, X% of property tax, upkeep and maintenance, other bills. We expect rent fees for space us from 8 member collectives, booked events and produced events, private donations, community development grants, and no- or low-interest loans.

Property purchase costs include $1.95M current market price. We will lease with option to purchase within X years, secured with a down payment of $XX.

Revenue model

Basic revenue comes from member fees for using the space and profit sharing from member group activities. Fees and shares are determined by need and ability to pay. Additional revenue comes from produced and booked events as well as community development grants and fundraising from dedicated friends and allies. Risks include unforeseen major capital improvements and We assume 10% turnover among collectives each year. We project reaching financial stability by X date and purchasing the building by Y date.

Feasibility

In the past six months, we have vetted this project by exploring ideas, proposing plans, and building consensus. Most importantly, by collectivizing, we are able to consolidate expenses and amplify our efforts. The founding groups are currently paying rent for space indepently or has sufficient funds to begin paying rent and ample capacity to do initial build-out. We have an ideal building that is perfectly suited for our effort.

Appendix

Graphs for expenses and revenue over time Member fee breakdown Space use and allocation breakdown Details about the stewardship team Photos of collectives and the space Floorplans with notes

References

Omni Wiki at http://wiki.omni-oakland.org/, particularly http://wiki.omni-oakland.org/w/Building and http://wiki.omni-oakland.org/w/Business_Model Omni website copy at www.omni-oakland.org and dev.omni-oakland.org Omni docs, including the FAQ doc, a one-sheet, various spreadsheets/tables, and draft lease agreements Emails, especially recent threads Discussions with all of you wonderful and inspiring people!