Originally Posted by
JohnnyP
Our office used to be a block from one of the newer ones. It was my local — walk down there for meetings and to grab a coffee. It was great getting 50% off drinks and the service was awesome!
Two nits:
1. You can’t actually do any banking there. I needed to get a cashiers check one day. The staff there were powerless/useless. So it really is just a cafe! I’d love it if they could actually perform some more advanced banking requests onsite.
2. The meeting rooms were only for “non profit” purposes. All of our conference rooms were booked one day, so I took my team down there to see if we could use one of their cool rooms. We were denied. Usually the rooms are always empty now. Silly policy from a customer perspective!
IRS and often local tax laws treat not for profit and profit organizations differently including regarding income streams. Then you have various local zoning laws regarding use of commercial spaces.
"
Each Capital One Café has a private community room dedicated to registered nonprofits, alumni groups and student clubs, which can book the room for free to use for meetings or events." https://www.capitalone.com/learn-gro...tal-one-cafes/
This tells me that Captial One has set up these Cafes and meeting rooms not as a "Third Space" like say a Starbucks would, but as a free amenity for local community. Cap One can make money from selling drinks and so forth, but likely are not set up to "rent out" those meeting rooms at profit like you'd see at a "WeWork" sort of setting.