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workshop rental space

 
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ayjay

posts: 17

Aug 12, 2009 12:43 PM ET    Quote  Report Abuse
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Whattaya think?
 
How about a workshop space where you provide the tools and floorspace for people to work on projects - woodworking, welding, etc.? I cruised the internet and found a few existing. I see lots of niches and directions you could go with it.
 
-Take home tool rental
-Teach classes (free ala Home Depot, or fee based for more in-depth topics)
-Build-a-bear style projects for kids --> teach kids how to be useful and independent (my own 11 year old can change his own bike tube, fix his chain. Most can`t.)
-Membership for open access, higher fee for one-time shop use
-Rent to businesses - i.e. independent service people who do not have their own shop & only need to occasionally fabricate stuff.
-focus on woodworking or metal, probably keep it narrowly-focused at first.
 
Drawbacks:
-Expensive to stock with tools and rent a large enough space.
-May have to pay others b/c I don`t have much hands-on skill myself. My husband and dad do. . .
-liability
-high cost to maintain tools when novices break stuff
ayjay

posts: 17

Aug 12, 2009 12:47 PM ET    Quote  Report Abuse
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Side note. . .
My sister borrowed a drill to take to her friend 20 miles away yesterday, and my dad came over to borrow a vice and taps the day before since his workshop is currently disassembled and in storage.
 
A target demographic could be the young people who don`t have houses/garages yet or the older people who are retiring and downsizing, perhaps getting rid of their tools and extra space.
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