Meeting and Boardroom Facilities

Startup Costs: $50,000 - $100,000
Franchises Available? No
Online Operation? Yes

THE BRIEF

For startups who are growing but don’t have an office equipped to host a major meeting or conference, the ability to rent boardroom space is a big need. Companies like Breather, LiquidSpace and Peerspace are examples of platforms that allow people to rent meeting space as needed, whether it’s for a month or just an afternoon. You’ll need to outfit each boardroom facility with furniture, office equipment and internet connection among other amenities depending on the needs of your customers. To get started, you’ll need an understanding of your local real estate market and begin building relationships both with the commercial real estate community and startups in your area. 

ASK THE PROS:

How much money can you make?

Facilities managers make an average salary of $71,449 in the United States according to career site Glassdoor.

What’s the most important thing to know about this business?

“We’ll never eliminate the office, but the office needs to adapt to the person … Freelancers are a big portion of the population now. I really think that we can be a big part of the everyday worker’s existence.” - Breather co-founder Julien Smith.