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Home » Why EOP / FAQ » Potential Savings
The following chart demonstrates the value of Executive Office Place 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 Executive Office Place:
- Up-Front Capital Savings: $ 35,525.00
- Annual Recurring Savings: $ 33,750.00
ANNUAL 1ST YEAR SAVINGS OF OVER 45%!!
| UP-FRONT COSTS |
TRADITIONAL |
EOP |
| 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 |
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| ONGOING ANNUAL EXPENSES |
TRADITIONAL |
EOP |
| Rent Expenses (Executive Suite office without furniture) |
$20,000 |
$34,800 |
| Telephone Lines |
$3,000 |
Included |
| Telephone Usage |
$2,850 |
$3,200 |
| T1 Internet Access with router |
$4,200 |
Included |
| Office Staff, Including Benefits |
$32,100 |
Included |
| Temp Agency Expense (Vacation/Sick Days) |
$2,000 |
Included |
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| 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 |
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