Are you the proud owner of an unused warehouse space that’s collecting dust? It’s a common problem faced by many businesses and property owners alike. But what if we tell you that your unused warehouse can be a key to unlocking a new income stream? In this blog, we’ll be exploring top-notch business ideas for turning your unused warehouse into a thriving venture in 2023.
From co-working spaces for the growing freelance community to event venues that bring people together, we’ve got a range of ideas that cater to different interests and market demands. Whether you’re a seasoned entrepreneur or just commencing, it’s time to take your unused space from an eyesore to a profit center! Join us as we explore the opportunities and discover the best business ideas for your warehouse space in 2023.
If you don’t know what to do with your warehouse space, walk through these easy-to-start business ideas with us.
Are you tired of seeing your unused warehouse gathering dust day after day? It’s time to turn that idle asset into a source of income again! The best and easiest way to generate revenue from that space is to go with the rental warehouse option. Renting out your unused warehouse to new markets can be a smart and lucrative business move, providing a steady revenue stream without the hassle of managing a full-scale operation.
Well, there are many situations in which you can rent your unused warehouse space. So, let’s closely look at those options part by part.
If you’re lucky enough to own a spacious and large space, renting it as an event and entertainment center is the ideal option. Wondering why? Well, as large as the space is, as easy as it will be to set up an event or entertainment venue. Besides, you may add to your revenue by renting it out to organizations, local musicians, groups, and sports teams.
If you want to get a regular chunk of money, you can’t miss this storage idea! Convert your rental warehouse to storage rental or storage units. This warehouse business concept would provide you with a nice and consistent income. Many industrial businesses require storage space for their final goods or raw materials. You can rent your warehouse to them with the help of leeveit.
You can also turn it into self-storage units and space. Thus, another approach to preserve the warehouse while profiting from it is to open your own self-storage business. All it takes is building distinct units of varying sizes within your warehouse that you can rent out to the public.
You can utilize your warehouse as a parking lot if your warehouse is near a retail mall or office building. It will earn you a nice living all year. This is a successful and promising business idea for your unused warehouse space.
Another method to employ your warehouse is to rent it out as a film location. You might be in business quickly if you discover the perfect location scout agent. Furthermore, you could profit by renting your warehouse to a theatre or dance group. They may utilize your structure for various functions, including storage, set construction, and event venue.
Many communities enact stringent recycling rules, creating a need for recycling firms. Paper, copper, aluminum, plastic, and tin cans, as well as computer componentry, may all be recycled in your old warehouse.
If your warehouse is large enough, you may start a co-working facility where individuals can hire office space by the hour or day. This way, you earn additional money by renting out your space — it’s a win-win scenario for everyone. This is because you’re able to assist new businesses, freelancers, and entrepreneurs who are just starting!
Note: It is essential to keep rules and regulations in mind before renting your warehouse to any business. Check with your local authorities to know which businesses can operate in warehouses.
This is all for the list of business ideas. You can be creative and use one space to start two businesses simultaneously. Gaping, how is that possible? Well, you can either divide your space into two blocks and can rent each block separately. Or you can rent your unused warehouse space to a business owner with whom you can share their business profit. But for this, you need skills you can use to grow that business. In layman’s language, you can reach out to them for a partnership deal (tell them how joining hands with you will benefit their business). This way, you will be earning more money with one space.
Note: Check with your location’s authorities to know the rules and regulations. And based on that, you can choose the type of business you want to start.
Now that we have made you familiar with the business opportunities, it is time to know how we can give your business a competitive edge.
We are everywhere to be found by people looking for some storage or parking space, whether whole warehouses, containers, or by the square meter. We are the go-to place for your target customers and hence the go-to place for you to get your unused space rented!
We don’t let everybody in just like that. We verify first. Thus, we have a community of verified Keepers and Leevers.
Leeveit takes full responsibility for its members. We cover your personal belongings and business assets— Up to ₱ 1 million insurance coverage for the items stored! What’s more? Your space is protected against potential damage from stored things— Up to ₱ 100 thousand for property damage!
If in case you get into trouble, you need not look anywhere else. We provide constant assistance to ensure your peace of mind.
As aforesaid, listing your space is free with Leeveit. You can become a keeper without spending a single penny on upfront costs. All you need to do is put photos of your space, mention the space size, and tell the address— and you are all set to earn money!
We provide much more to our keepers to have hassle-free listings. So, don’t let your unused warehouse continue to sit idle any longer; it’s time to start making the most of what you already have! Thus, if you want to make a profit without backbreaking labor, join Leeveit. Expedite because someone else can list first and take your chance to generate extra income; after all, who doesn’t like filling up the banks from the comfort of their home?
There are several methods to make money in a warehouse. This includes opting for various rental warehouse options, offering co-working space, hosting events, using it as an e-commerce fulfillment center, providing fitness or education services, operating a food and beverage production facility, or offering automotive repair and maintenance services.
To start a successful warehouse business, you should first research your local market and determine the demand for your services. Create a business plan that outlines your budget, marketing strategy, and operating procedures. Register your business and acquire any necessary licenses and permits. Invest in quality equipment and supplies, and hire experienced staff if needed. And if you want to be a happy-go-lucky businessman, you can rent your warehouse to the one who requires it.
The easiest way to get clients is to get in touch with the Leeveit platform. List your space on Leeveit, become a keeper, get the clients, and get paid! Yes, it’s this easy with Leeveit.