1. Break it up into smaller
storage spaces-: A lot of people have more stuffs and equipment in their home
than they can cope with. Such people always need extra space to keep those items
safe. Hire a builder to help you partition the warehouse and install some extra
security features in it that would make it secure. When you have done this, you
should call upon real estate agents and inform them that you have small storage
spaces for rent, you will see that it would be filled up within a short time.
2. Rent it out to commercial
outlets/companies-: A lot of companies require extra storage spaces for their
goods and equipment. Renting out your warehouse to companies to be used as
storage space would fetch you more money because you would most likely be
working on a contract and you could be certain that you will get paychecks
regularly.
3. Club-: Clubs are a good place
for people to relax and unwind. Starting a club requires using a very large
space which your warehouse already provides.
4. Create individual offices-:
Another idea is to section your large warehouse off and break it into smaller
office spaces which you could rent out to other people.
5. Co-working space-: Co-working
was named as one of the top businesses of 2014. A business born out of the need
to defeat economic recession, co-working involves coming together of people who
offer different services in the same industry. These people come together to
share an office space while working individually.
For instance, a finance industry
co-working business could have a stock-broker, a tax consultant, a book-keeper,
a debt management professional and a mortgage broker all sharing the same
office but working separately. A large warehouse makes a good co-working space.
6. Shared market place-: Your
large warehouse could also be converted into a shared market place with people
selling similar items coming together to use that space and pay rents. For
instance, farmers or vegetable sellers could come together and make that place
a one-stop center for buying vegetables.
7. Rent it out to film houses-:
People who shoot movies usually need to use a lot of different locations to
shoot their movies. Sometimes, they will need to create some special physical
effects. You could make money from renting your warehouse to movie producers.
8. Meat curing center-: Another
idea is to start a meat packaging business. Your large warehouse already
provides the space that you will need for curing the meat.
9. Server Farm-: You could also
use your large warehouse as a server farm or start an information technology
related business like a cyber-café or a telecommuting center. You could even
use it as a training center for IT professionals.
10. Flea market-: Your large
warehouse could also be converted to a flea market where people can sell their
used clothing, fresh produce and several other low-priced items.
11. Parking lot-: If your large
warehouse is in a public place where lots of people visit, then you should
think about converting it into a parking lot and have people pay you for
parking their vehicles there.
12. Rentals-: One of the major
things needed to start a rentals business is a large space for storing your
equipment. Since you already have the space, why not go a step further by
purchasing some items that you could rent out. These could be building
equipment, catering equipment, party supplies and so many other items.
13. Mechanic workshop-: Another
smart thing to do with your large warehouse is to convert it into a motor
vehicle repair garage. If you do not have the skills, you could employ people
who do to manage the business for you.
14. Gymnasium-: The fitness
industry continues to grow in leaps and bounds. This shows that investing in
the fitness industry at this time would come with no regrets. A good way to
invest is to convert your warehouse into a gym and fitness Centre, where people
can pay you subscription fees for using your facility.
15. Gaming center-: Gaming centers
also provide an avenue for relaxation. You could convert your large warehouse
into a gaming center for adults or children.
16. Cinema-: Cinemas also need
wide spaces. If you have enough funds to invest, you should consider converting
your warehouse into a cinema where people can come and watch the latest movies
with their friends and family.
17. Fast food restaurant-: Almost
everyone has eaten at a fast food restaurant or ordered a take-out meal. With
your large warehouse, you have the perfect space for setting up a fast food
restaurant.
18. Micro-brewery-: Micro-brewery
business was also listed among the trending businesses of 2014 by Forbes
magazine. In case you are wondering what a micro-brewery is, it is a brewery
that produces a limited amount of beer yearly usually less than 15,000 barrels
per year. Micro-breweries have been around for years but they are becoming more
popular. With a little bit of research and of course some training, you should
be able to start your own micro-brewery using your warehouse as your production
site.
19. Rehearsal center-: Dancers,
musicians, artists and several other performing artists usually need space for
training a rehearsal. You could start renting out your warehouse to them. But
it is important that you do a careful study of your area to be sure that there
isn’t some free space somewhere that they could use
20. Restoration/refurbishing
line-: Another good business idea for someone who has a large warehouse is to
start a restoration business. You could buy old furniture and remake them for
resale or even refurbish cars and motorcycles.
