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Artist's Workspace Rentals

About Startup Costs

The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.

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Business At A Glance

Artist's Workspace Rentals

Home Based: Can be operated from home.

About

Franchises Available? Yes
Online Operation? No

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Got a spare room? Rent it out to artists in need of some creative space.

Business Overview

Renting a large warehouse space and dividing the space into smaller sections to rent to artists as work studios is a great way to start your own business and be self-employed. The work studios can be rented on a daily, weekly or monthly basis, providing they're used for work areas only and not residential units. The business doesn't require a great deal of investment capital to get rolling, and the monthly profits can be terrific. That is, if you assume a 3,000-square-foot warehouse was rented for $2,000 per month, and the same warehouse could be divided into 15 smaller 200-square-foot artists' workspaces and rented for $300 per month each. This simple scenario could create a gross monthly income of $4,500 each month before expenses. The main requirement prior to starting this venture is to check local zoning and fire regulations to make sure the venture is legal in your local area.