SMEs could be earning extra income from unused space as a new start-up looks to connect these businesses with others desperately in need of affordable storage options.
Having worked within the warehouse and logistics sector, Blake Weston knew only too well that there was a disconnect between businesses paying for space that was underutilised, and others on the lookout for nearby space without being locked into lengthy leases.
“I just knew that there was a solution to this issue of unused space and expensive leases,” Mr Weston said.
He created Find Fill Storage as a means of delivering just that, which connects businesses on both sides of the fence.
The service works by allowing businesses with surplus space — such as those that have taken on larger premises to accommodate future growth, and seasonal businesses — to connect with other businesses on the hunt for space, whether it be for long- or short-term periods.
Similar to other “share economy” platforms, businesses with available space advertise their space and set their own rates. Businesses seeking space can then peruse listings in their target area, find ones that meet their needs and obtain quotes, before reaching an agreement.
According to Mr Weston, the platform does not use lock-in contracts or place restrictions on the size of space available nor the length of storage times, allowing the parties flexibility to negotiate between themselves. It can also arrange collection and delivery of the stored goods when the hiring business requires them.
“Already, we are experiencing extraordinary growth, saving businesses thousands of dollars and helping [other] businesses to make thousands of dollars in the process,” he said.
“Nearly all businesses have to order in stock which they can’t store onsite. We enable businesses to find a place where they can store the items until they need to use them.”
Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016.