Entrepreneurship & Small Business

Shared space, co-working space as a business?

  • Last Updated:
  • Jul 14th, 2016 11:35 am
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[OP]
Member
Feb 23, 2015
347 posts
13 upvotes
Mississauga, ON

Shared space, co-working space as a business?

I do electronics repairs in a part of a building I lease, front part I don't have use for.

What can be done with that excess space, I have being thinking... E-waste drop off, sell electronic gadgets like security cameras, etc.

Another idea is to make it into this new trend in office space, known by various terms shared/co-working space
It is about 1000 sq (26 by 43 feet), more space available in the building if this works
It is not in a big city, but at least it is besides a (Georgetown) GO station L7G 3P1
Front of the building http://i.imgur.com/v91F5d7.png

Anyone care to comment on this as a business idea? Is it prone to problems?

So I being researching what will go into it

Open space section- a large desk surrounded by several chairs
Private rooms/cubicles
Equipment - printers, copiers, scanners, fax
kitchen stocked with coffee, tea, and snacks
Internet- wired & wireless
Phones
Outside are about 10 parking spaces
2 replies
Sr. Member
User avatar
Sep 5, 2014
555 posts
315 upvotes
Brampton, ON
That shouldn't be too difficult to rent out to someone. Or even offer it as storage space for off-site records. There are lots of car dealerships near you that have to keep their records off site and stored safely for 7 years for tax reasons. What kind of money were you looking for?
Deal Expert
Oct 6, 2005
16498 posts
2161 upvotes
mudgts wrote:
Jul 14th, 2016 10:55 am
Or even offer it as storage space for off-site records.
Off-site storage can be costly to do - you need security, climate control, monitoring, insurance, etc. Probably lots of building upgrade to support such a business.

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