warehouse space for rent – It's all about people meeting people

Did you know, an empty warehouse can be used for many reasons especially for startups? We have jotted down 10 business ideas that you can start in an empty warehouse. If you are lucky enough to have a warehouse at a good location such as in a commercial place, manufacturing hub, then you can consider yourself being happy that you are on the way to financial stability.

Even if your warehouse is not located in a popular place then you can still make money if you have to go about it. Many businesses can be done in an empty warehouse and one can require establishing a manufacturing or logistic company that is a well functional warehouse. Even if you don’t have one, then you will be forced to lease one for your business. Here are 10 business ideas you can start in your empty warehouse.

1) Lease a manufacturing company

Many manufacturing companies don’t need enough space to store the goods and would require a standard and well-secured warehouse. If you are looking for a business idea, you can start from an empty warehouse, and then you should think to lease it out to a manufacturing company.

2) Lease a rental company

It all depends on what your empty warehouse is about. Some rental companies may not have their warehouse and will find it convenient to lease a well-positioned and secured warehouse to keep the supplies ready. Signing a lease agreement with such companies is a good business idea and you can leverage on to make money from the empty warehouse.

3) Use it as an event center

If you have an empty warehouse, one of the businesses, you can do with it is to convert it into an events center. This will be applicable if your warehouse is located in a good location and is quite big enough to accommodate a good amount of people per per-time. You can choose it directly to rent it out to the people who want to organize the events, or you can lease it out to an event planning company that is already in your clientele base.

4) Organize mini trade fairs

There are many people out there who love trade fairs. This is especially true if the things that would be on the display at the fair for such things can attract a lot of people. This is how it works, you should mark out spaces and then rent out the spaces to businesses or individuals that would have different products and services to sell or display. With such an idea, you can make money from your empty warehouse.

5) Art Exhibition center

Here is another interesting business idea and that is a profitable art exhibition center. If you can start with your empty warehouse you can use it for the art exhibition center. You can collect fees from the artist who would want to exhibit their artworks in the empty warehouse.

6) Clothing line production business

The clothing business is one of the many businesses that can be started from an empty warehouse and the owner of the business can still penetrate the world market once the design is good and it meets the needs in the fashion market. Business owners who intend to start their own clothing line business can start their clothing label from their empty warehouse on a small scale to a customized market.

7) Fun Game center

Another off-beat business idea would be that you can start your empty warehouse as a laser tag game center. Laser tag is a kind of game that is played with lasers. Not just laser tag, but one can conduct different game zones for people for fun and by this, they can earn extra income from these small businesses.

8) Start an auto repair garage

Another ideal type of business that can be done would be to start an auto repair garage in an empty warehouse. It will pay you to hire a professional auto mechanic man to do business with you.

The truth is that people will always visit an auto workshop if they need they would start their vehicles to continue to ply the roads. People would visit auto garages for different reasons it could be for routine servicing or major repairs and works. For whatever reason it is, an auto repair garage will always translate to money for the owners of the repair garage.

9) Start a gym

At this age, many people are taking exercise very seriously and gyms have been one of the best businesses in today’s age and time. The warehouse is one of the places that you may want to start a gym from. You have to make sure that you start with a few basic types of equipment.

10) Start a recording studio

The recording studio can be considered as one of the best options for an empty warehouse. It Is well equipped nice place where musicians come and record their songs. You can also consider putting the interior of the warehouse in a good shape so that it fits well on what can be used for what. By this method, you can earn extra opportunities to earn more and make good use of the empty warehouse.

Conclusion

It is important to note that even though you are starting these businesses from a warehouse, you would still need some cash in hand that will be used for different purposes for a warehouse. Some of the businesses are well listed above and this may need wall partitioning and installation of the machines and equipment that will make running the business a whole lot effective.

Credits: Krishna Rao

Business Growth is extremely exciting and dreams fulfilling of every business owner. With your business growth, there comes an expansion plan as well which require a warehouse space. So before you require much large space for holding or dispatching your goods there are certain factors to consider while buying or taking a warehouse space on rent.

Traditionally one of the most ignored sectors in logistics, warehouses have now developed into sophisticated stockrooms with advanced, real-time tracking mechanisms and other state-of-the-art facilities, which have been instrumental in shaping the modern economy. Thus it had evolved from traditional godowns’ to the modern setups which have a complete suite of the warehouse management system. Now the trend is changing and there is a great demand for warehousing and logistics especially from tier-II cities like Jaipur, Ludhiana, Lucknow, Guwahati, etc

There are various factors to consider while choosing a warehouse space for your business.

Calculate the space required

Business planning is a meticulous task as it never works on the present work situation. It only works with the estimated plan of business growth in the coming years. Having a thoughtful space planning is very essential for the growth of the business. Space can be a valuable deal only when it is well-calculated else in case of gradual growth it can disturb the financial circle by incurring the extra funds in the space. So a better analysis you have the wiser you will be to make a decision. Thus the storage requirement should be according to the product.

Desired Consumer Base

While choosing a location it is very essential to consider your customer’s location. Your customers should be in close proximity to your warehouse. This will lead to good customer service as well will reduce the cost of shipping thus with the faster and cheap shipping process. This will make your customers happy and more likely they will be loyal towards your brand.

Proper documentation and understanding of Rent term

The rent agreement or lease agreement is a vital document one should go through it accurately before finalizing your warehouse space. Even the increase in the rent amount should be considered if it shoot up the cost will disrupt the financial planning of your business.

Proximity to the carrier services

Make sure your warehouses are near to carrier services as it will streamline the process of shipping your products to your customers. If there is a good balance it makes the shipping process easier and faster as well make customer loyalty. Always determine a reasonable balance of distance between the manufacturing location, warehouse storage, and customer and always evaluate the transportation and shipping costs that go with that distance

Workforce Availability

More than the physical space of the warehouse location it is the demographics that matter. Understand your labour need because people in different locations have different skills and so the price of the place changes accordingly. Always consider the supply and demand of workforce availability.
If the demand of workers is more in that area it will then lead to high salary so such variation will impact the business so having a proper evaluation of the workforce in the area is very essential before opting for warehouse. To research and understand the demographics of the area, research the educational attainment and income levels of the city or state, which can be found on government websites. Understanding the workforce is important because it impacts your employee retention and productivity rate.

Longevity

Consider the longevity of your warehouse location it will impact the growth or shrinking of your business. Always analyze the potential growth of your company and determine if the warehouse location has room for expansion. If your product is seasonal, it is always advisable to consider a location that offers the seasonal renting facility. Evaluate the potential of the warehouse space and plans for longevity.

Taking the advice from the Professionals

It is always advisable to take the suggestion from the experts since every industry has different work condition so with the expert’s suggestion any unforeseen problem can be resolved prior.

Having an apt online platform for managing multiple warehouse properties. With the demand in the growth of warehouse space, there increase the necessity for online property management software,

MPower is one such platform which completely takes care of all the properties from a single interface. Thus providing accurate data analysis.

Choosing a warehouse location require lots of aggressive research work. The location of your warehouse can be mutually beneficial for your company as well as your customers, overall providing a more efficient, effective, and profitable experience for your customers and company.

Category: warehouse space for rent

10 business ideas to start with an empty warehouse to earn extra income