Curious if you’ve seen or could share botecs on the all-in cost per retreat?
Naïvely, people like to benchmark 5% of property value per year as the all-in-cost of ownership alone (so ~$750k/yr here? Really not sure how this scales to properties like Wytham).
I wonder how that compares to the savings in variable retreat costs? Like if you had 20 retreats/yr are you saving (close to?) $32,500 per retreat (assuming 750k is the right number). Accommodation for 25 people for 4 nights in Oxford could plausibly be ~$20k itself, so it seems like with a given number of retreats or attendees, you could get quite close, but the numbers matter here.
If you meaningfully lower the number of events due to the new fiscal climate, it’s reasonable to think the option with the high fixed expenses will look less good than it did before. There’s also the optics issue, especially given the EVF UK is still under statutory inquiry last time I checked.
Curious if you’ve seen or could share botecs on the all-in cost per retreat?
Naïvely, people like to benchmark 5% of property value per year as the all-in-cost of ownership alone (so ~$750k/yr here? Really not sure how this scales to properties like Wytham).
I wonder how that compares to the savings in variable retreat costs? Like if you had 20 retreats/yr are you saving (close to?) $32,500 per retreat (assuming 750k is the right number). Accommodation for 25 people for 4 nights in Oxford could plausibly be ~$20k itself, so it seems like with a given number of retreats or attendees, you could get quite close, but the numbers matter here.
My understanding was that the financial implications were somewhat close: <We had various calculations about costings, which made it look somewhere between “moderately money-saving” and “mildly money-spending” vs renting venues for events that would happen anyway, depending on various assumptions e.g. about usage that we couldn’t get great data on before running the experiment.>
If you meaningfully lower the number of events due to the new fiscal climate, it’s reasonable to think the option with the high fixed expenses will look less good than it did before. There’s also the optics issue, especially given the EVF UK is still under statutory inquiry last time I checked.