My family has offered me a rent-free warehouse space under 3,000 sq ft in South LA to help me get started. I am currently a metal fabricator, but I want to explore other business ideas instead of continuing with fabrication. Eventually, they plan to charge $1,500 in rent, which is very reasonable. Any suggestions on business models I could pursue?
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Consider creating an “Expo Center,” which you rent out on a temporary basis to businesses that host trade fairs and sales, such as the Home and Garden Show, Motorcycle Show, RV Show, Gun Show, etc., provided there is enough parking available and the neighbourhood is generally secure.
I have a best friend who tried renting out parking spaces in their warehouse and it worked really well for them. If you’re considering how to make use of your warehouse, you might also want to explore leasing out warehouse space. This could be a great option for businesses or individuals who need space but can’t afford to buy a warehouse outright. By renting out space, you can generate a steady income and have your tenants cover the operating costs. It’s a lucrative and practical way to maximize your warehouse’s potential.
Utilizing a South LA warehouse location that is free of rent offers up a lot of opportunities. Take into account e-commerce fulfillment, an artist’s shared workplace, a local creatives’ photo/video studio, or a specialty market such as eco-friendly items or bespoke furniture. To choose the greatest fit, consider your interests, the need in your area, and the resources that are accessible.
Consider using the space for events, such as art shows, pop-up shops, or small concerts.