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Funding your Garden Office purchase
Understandably start-up businesses have to make sure that any
expenditure is the right move for the company and so here are some
considerations;
1 - Garden
offices start at just £6995, looking at some of the UK's lowest and
London office rates per sq ft we can see that the bigger the garden
office the more economical they become. Also that all garden
office models pay for themselves within 5 years, with most garden
office models being fully paid for within 4 years. This makes your
business essentially RENT FREE from year 5 onwards.
|
Office Type |
occupants |
monthly cost |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Total cost |
|
Solo Garden Office |
1 |
116
|
1,395
|
1,395
|
1,395
|
1,395
|
5,580
|
|
Office in Norfolk |
1 |
350
|
4,200
|
4,200
|
4,200
|
4,200
|
16,800
|
|
SAVING |
|
234
|
2,805
|
2,805
|
2,805
|
2,805
|
11,220
|
|
Office in London |
1 |
525
|
6,300
|
6,300
|
6,300
|
6,300
|
25,200
|
|
SAVING |
|
409
|
4,905
|
4,905
|
4,905
|
4,905
|
19,620
|
|
|
|
Office Type |
occupants |
monthly cost |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Total spend |
|
Duo Garden Office |
2 |
149
|
1,790
|
1,790
|
1,790
|
1,790
|
7,160
|
|
Office in Norfolk |
2 |
400
|
4,800
|
4,800
|
4,800
|
4,800
|
19,200
|
|
SAVING |
|
251
|
3,010
|
3,010
|
3,010
|
3,010
|
12,040
|
|
Office in London |
2 |
1,000 |
12,000 |
12,000 |
12,000 |
12,000 |
48,000
|
|
SAVING |
|
851
|
10,210 |
10,210 |
10,210 |
10,210 |
40,840
|
|
|
|
Office Type |
occupants |
monthly cost |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Total spend |
|
Trio Garden Office |
3 |
183
|
2,190
|
2,190
|
2,190
|
2,190
|
8,760
|
|
Office in Norfolk |
3 |
525
|
6,300
|
6,300
|
6,300
|
6,300
|
25,200
|
|
SAVING |
|
343
|
4,110
|
4,110
|
4,110
|
4,110
|
16,440
|
|
Office in London |
3 |
1,350 |
16,200 |
16,200 |
16,200 |
16,200 |
64,800
|
|
SAVING |
|
1,168 |
14,010 |
14,010 |
14,010 |
14,010 |
56,040
|
|
|
|
Office Type |
occupants |
monthly cost |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Total spend |
|
Quarto Garden Office |
4 |
216
|
2,590
|
2,590
|
2,590
|
2,590
|
10,360
|
|
Office in Norfolk |
4 |
700
|
8,400
|
8,400
|
8,400
|
8,400
|
33,600
|
|
SAVING |
|
484
|
5,810
|
5,810
|
5,810
|
5,810
|
23,240
|
|
Office in London |
4 |
1,800 |
21,600 |
21,600 |
21,600 |
21,600 |
86,400
|
|
SAVING |
|
1,584 |
19,010 |
19,010 |
19,010 |
19,010 |
76,040
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*Smart Garden Offices monthly
cost is based on asset depreciation of 20% pa
2 - Garden office models are available in small sizes which makes
them perfect for individuals. Starting at
just 69 sq ft, they are ideally suited to small businesses/sole
traders because most office buildings will not let below 500 sq
ft of space to any tenant.
3 - Start-up businesses
can often find grants available from local or National Government
incentives under both the "work from home" and "environmental
employers" banners. Places to find information about grants for such
schemes are your local Business Link, Chamber of Commerce or even on
the DTI website. These organisations may also be able to provide you
funding or offer additional services to help get your business
started as a small start-up business offering.
4 - Banks are more likely to
offer business finance on an asset rather than on office rental
expense as they then have some security on the lending.
To speak to our team about
financing your garden offices purchase call us or email - details
can be found on our contact page
Lets take a look at some
garden office start-up business
case studies..
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