A Workshop for all of you! Your feedback please

sounds like a great idea, i'd pay either fee... maybe like £30-50 a year would be pretty reasonable, especially if there were classes and such like...
Would there have to be some kind of booking, otherwise it could get pretty chocka around rush hour/weekends...

You'd need to charge that per month, not per year.

Rents in central are not going to be cheap.

That said I think this is a brilliant concept- something I have given over a lot of thought to in my quieter moments.

I had come to the conclusion that you'd need more revenue streams to support it- I envisaged a cafe combined with a community style workshop, that also took in repairs.

As Dammit says, for the business to be viable when paying london rent and rates, depending on the number of members, the monthly fee would have to be high.
For example 100 members paying £360 a year, would mean £36,000 a year, which would cover rent, business rates, bills, and the money needed to kit out the workshop so that it stands out as one of the most impressive workshops.

£360 is a large amount to pay a year, however considering a full service is costing as much as £130 in many bike shops, and that many of us have more then one bicycle. I still think that one years access to the workshop and advice of staff and mechanics for £360 is not bad.
Would people find the cost completly prohibetive?

At the same time depending on the number of members who sign up, the membership costs could possibly come down quite a bit.

for eg: 200 members paying £240 a year = £48,000.