Building for the Future

Short-Term Plan

The purpose of the Short-Term Plan is to find a temporary home for GRC while we explore options in finding our permanent home

Option 1: Warehouse

Pros
Allows us to release the Franklin office & free up additional monthly cash
Cons
Not typically located in highly visible areas. Size: there is usually a large sqft requirement. Significant retro-fit for church use including HVAC, restrooms, demising walls, drop ceilings, etc. Usually insufficient parking
Other Comments
Lower rates but expect larger footprint which negates the savings
Required Deposit
TBD
Other Financials
Realtor-estimated monthly cost of ~$4,500/mo
Total Cost
TBD

Option 2: Retail Space

Pros
Usually located in prime areas with high traffic. Outreach opportunities and curb appeal for walk-ins. One-step process if we find the right building
Cons
Cost: significantly more expensive; even 3,500 sq ft would likely be a budget stretch. Not walk-in ready: typically need retro-fitting for church use. Parking: 250 attendees requires ~100 parking spaces
Other Comments
Need to know landlord interest in using as a church, as well as surrounding retailers. Potentially release the Franklin office, depending on size of space.
Required Deposit
TBD
Other Financials
Realtor-estimated monthly cost of ~$10,000-$17,500/mo
Total Cost
TBD

Option 3: Sunday Rental

Pros
Quick and easy
Cons
Would need to retain Franklin office so that money would not be available. Possibility of conflicting events.
Other Comments
Need to continue with weekly set-up/tear-down. Need storage space. Could be part of a 2-step process.
Required Deposit
TBD
Other Financials
TBD
Total Cost
TBD

Option 4: Existing Church

Pros
Potentially allows us to release the Franklin office & free up additional monthly cash.
Cons
N/A
Other Comments
Availability is few and far between. Would potentially need to respond/act quickly. May or may not meet/exceed size. Assume pure move, not merger. Could we share a space?
Required Deposit
TBD
Other Financials
TBD
Total Cost
TBD

Option 5: Maury County School

Pros
Buys time. Low cost.
Cons
Same as Sunday Rental option
Other Comments
Start investigating when new school year begins.
Required Deposit
TBD
Other Financials
TBD
Total Cost
TBD