Free Geek Startups Business Plan
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Free Geek Intergalactic is an umbrella organization that would oversee the Free Geek trademark, review applications and take the initiative in starting Free Geeks in other cities.
Free Geek Intergalactic Group Costs
- Annual salary for 3 employees = $35K X 3 = $105K
- Phone for 3 employees = $60 (standard plan) X 3 = $180
Cost of a New Startup
- One year salary for one employee = $35K
- Facilities (rent + utilities) = ($8K (rent) + $1K (utilities)) * 12) = $96K (roughly what Portland pays?)
- Boot camp for 6 people
- Airfare = $350 X 6 = $2,100
- Portland staffing = $1,000
- Total = $3,100
Travel and staff time for Portland = $350 (one flight) + $1,000 (2 weeks staff time) = $1,300
Cost per startup = $135,400
Total Annual Budget
Base cost (only one startup) = $240,580
Cost per additional startup = $135,400