Warehouse costs

[Hoofy]

Just wondering...

How much would it cost to rent a warehouse that you could put an indoor tennis court in? Usual basic facilities like changing room and toilet would be handy.

No idea how you cost this kind of thing up.

Happy to get my hands dirty painting white lines, though.

[spikeyhead]

£5 to £20 per square foot per year, +50% business rates. You'll have a lot of difficulty finding somewhere with sufficient ceiling height.

[Hoofy]

spikeyhead said:

£5 to £20 per square foot per year, +50% business rates. You'll have a lot of difficulty finding somewhere with sufficient ceiling height.

Hrm. Thanks.

So just for the court plus spare space is probably around £80k + 50% at the £20 per square foot.

[ModernAndy]

I'd imagine you'd be looking at about a fiver a sq ft if you're looking at several hundred square feet unless it's central london or something so the £20 in your case might be a bit pessimistic. I'd expect to pay £20 a sq ft for a serviced office up to 300 or 500 sq ft

[Muzzer79]

Massively depends where the warehouse is located.

Up north, around £5 per sq ft

Bucks for example can be nearer £10

Double that at least in London

[Hoofy]

Oh, right. I'm thinking around Kingston, SW London. Have been browsing. Seen stuff around £50k pa.

[anonymous-user]

Out of interest, how much do you think you could charge an hour, for the use of an indoor tennis court?

[Hoofy]

Inkyfingers said:

Out of interest, how much do you think you could charge an hour, for the use of an indoor tennis court?

£25 an hour at a guess? Depends what it's used for. Am thinking partly more generic fitness training that's court-based eg "Cardio Tennis". Edit: by that, I mean charge less but get more people in at the same time.

Edited by Hoofy on Thursday 14th August 10:34

[anonymous-user]

Assuming £25/hour , if you hired it out for 8 hours a day, 350 days a year that would be a gross income of £70,000/year.

If rent is going to cost you circa £50k/year then, as you say, I think you'll need to find a way of getting a much higher hourly rate or working longer hours.

I guess a tennis court is a fairly inefficient use of space, compared to say a gym, where you could probably fit 10 or 20 jogging machines or stationery bikes in that space.

The other issue is that I guess your main competition will be council owned facilities, which, of course, are not always run on a purely profit basis.

Sorry if it sounds like i'm trying to teach you to suck eggs, but my brain likes chewing over such things.

[Hoofy]

Inkyfingers said:

Assuming £25/hour , if you hired it out for 8 hours a day, 350 days a year that would be a gross income of £70,000/year.

If rent is going to cost you circa £50k/year then, as you say, I think you'll need to find a way of getting a much higher hourly rate or working longer hours.

I guess a tennis court is a fairly inefficient use of space, compared to say a gym, where you could probably fit 10 or 20 jogging machines or stationery bikes in that space.

The other issue is that I guess your main competition will be council owned facilities, which, of course, are not always run on a purely profit basis.

Sorry if it sounds like i'm trying to teach you to suck eggs, but my brain likes chewing over such things.

That's fine. Please chew on.

I only really suggested a tennis court because, well, I like playing tennis and in winter, playing tennis outside is usually a no-goer and there aren't many indoor courts that you don't have to be a member for. Also, as I'd suggested with cardio tennis, it could be used for fitness classes. If it was to be used for general classes (I'd take down the nets!) as well as tennis, the classes (£5 pp) would be weekday evenings, the tennis at weekends in the afternoons.