Client Exit - Warehouse Space Ideas please

[Lawson@CBF]

Following the festive season, we have come to the end of a contract with a client taking up 10,000 sqft of warehousing in a dedicated building on our site. As a 3PL we can fill full of stock and new clients for their e-commerce and contract packing but 2023 is time for change.

I'm looking for sensible ideas to use the space to generate revenue and to be a little philanthropic. Answers on a postcard...

 

[JEREMY HAWKE]

Just out of interest
How far from the M5 is your site . It could be quite an opportunity

 

[Lawson@CBF]

We're 5 minutes from the M5 J11.

 

[antropy]

I'm looking for sensible ideas to use the space to generate revenue and to be a little philanthropic. Answers on a postcard...

Consider setting up a hackspace or coworking environment for startups?

Paul.

 

[Lawson@CBF]

Consider setting up a hackspace or coworking environment for startups?

Paul.

We own a business centre not far from the warehouse spaces. We have trial co-working spaces for years but sadly very little demand in Gloucester.

 

[antropy]

We own a business centre not far from the warehouse spaces. We have trial co-working spaces for years but sadly very little demand in Gloucester.

Interesting. I used coworking spaces when I started the company but to be honest they were just full of distractions when we needed some quiet to get work done.

Hackspaces probably wouldn't generate you much money.

Get some mats down and setup a martial arts club or fitness club? Just throwing crazy ideas out there.

Paul.

 

[UKSBD]

We own a business centre not far from the warehouse spaces. We have trial co-working spaces for years but sadly very little demand in Gloucester.

Is there a call for golf simulator bays in the area?

 

[IanSuth]

Interesting. I used coworking spaces when I started the company but to be honest they were just full of distractions when we needed some quiet to get work done.

Hackspaces probably wouldn't generate you much money.

Get some mats down and setup a martial arts club or fitness club? Just throwing crazy ideas out there.

Paul.

Along the same lines given current weather see if a local rugby club will rent as indoor (non contact) training area for next few weeks If it isn't racked out having somewhere to practice backs moves and lineouts plus run throughs much better than yet another gym session

 

[dx3webs]

crazy golf / axe throwing / escape rooms seems to be popular these days

 

[BustersDogs]

Dog daycare, but find someone good.

 

[Martin Global]

Remote Car race track! I don't know if it makes sense business wise in your area, I'm considering setting thing like that near home. I just want this world to have more remote car race tracks. It's a huge pain for my children.

 

[IanSuth]

Remote Car race track! I don't know if it makes sense business wise in your area, I'm considering setting thing like that near home. I just want this world to have more remote car race tracks. It's a huge pain for my children.

I have a mate who does remote control HGV's they have big meets where they even have people using remote control diggers and filling remote control muckaway trucks.

The adult market must be worth serious money looking at the amount the vehicle cost

 

[MOIC]

Self storage units.

 

[Martin Global]

I have a mate who does remote control HGV's they have big meets where they even have people using remote control diggers and filling remote control muckaway trucks.

The adult market must be worth serious money looking at the amount the vehicle cost

Boys will be boys I guess. I've bought my son a remote control race car that can go up to 35mph. It's fun when you put it on a track and have another one to race with. I was thinking about renting a warehouse, put some ramps and obstacles, building few tracks. Maybe provide some workshop area with employees helping around. I wonder if you could turn some profit out of this

 

[Paul Kelly ICHYB]

Container self store?

 

[HFE Signs]

Trade motorbikes

 

[Mark T Jones]

Many of the above suggestions come under the banner of 'competitive leisure' - it's worth doing some research under that term.

 

[IanSuth]

Boys will be boys I guess. I've bought my son a remote control race car that can go up to 35mph. It's fun when you put it on a track and have another one to race with. I was thinking about renting a warehouse, put some ramps and obstacles, building few tracks. Maybe provide some workshop area with employees helping around. I wonder if you could turn some profit out of this

look at this for an idea of the ££££££££ they spend

1/14 RC Model Truck Annual Gathering Event

1/14 Radio Controlled Model Trucks and Plant National Gathering event, held annually within the UK. Attendance requires booking, see site for details.

www.ukrctruckersnationalgathering.co.uk

Note

2023 event - 8th & 9th July’23

The Cost to attend per driver:
£55 for the full weekend; or
£30 for a day visit

On site camping is available,
with shower unit provided on site:
£10 for the weekend

AND

For 2023 & 2024 the event remains at Newark Showground, licensed to hold 4000 people...

George Stephenson Exhibition Hall,
Newark Showground,
Lincoln Rd,
Coddington,
Newark
NG24 2NY

The hall contains Tastes Bistro which provides a range of meals, snacks and beverages, along with ample seating. Toilets and Pit areas are also internally catered for, which will also host a number of vendors selling various RC related products and accessories. We also have camping facilities available to book a pitch, with onsite shower block provided within the booking fee. Electricity is only available in the hall during normal operating hours, and not to the camping areas. Any concerns regarding this please drop a note via the ‘Contact us’ section above


That is a lot of possible income with the concessions as well

 

[IanSuth]

Trade motorbikes

Little money in that nowadays (in terms of margin for the amount of investment to buy stock)- and an incumbent in that space (superbike warehouse)

 

[Paul9]

Something that generates subscription based recurring income, self storage, gym, etc.

 

[OJSARG]

Indoor Golf / Golf simulator rooms.

 

[m4hmo]

Be a commercial landlord take it easy. Advertise it and see what kind of enquiries you get.

 

[John Henry]

I would definely recommend converting it in to self storage, you get a crazy rate of return and the market is growing rapidly at the moment in the UK (and across Europe). It really is the best time to invest, minimal opertional costs as it basically runs itself and is relatively simply to covert a warehouse. I'm converting a 20,000 sq ft warehouse myself and I'm working with Kuboid for the fit out

 

[m4hmo]

I would definely recommend converting it in to self storage, you get a crazy rate of return and the market is growing rapidly at the moment in the UK (and across Europe). It really is the best time to invest, minimal opertional costs as it basically runs itself and is relatively simply to covert a warehouse. I'm converting a 20,000 sq ft warehouse myself and I'm working with Kuboid for the fit out

What percentage of the self storage units need to be filled to be able to get the normal monthly rental for the whole warehouse? Just curious how the business model works.

 

[Lawson@CBF]

Thanks all. I am investigating the self-storage model. This seems to be the best ROI for the site.

The recreation model is dubious in current economic times and unless we see some radical changes in the world I do not see the cost of living being any easier any time soon.