A new commercial online market place that allows businesses to monetise existing space will be available to catering operators that want to lease their kitchens during times when it is not in use, according to its founder.
Occupyd is the brainchild of 29 year-old founder, Callum McPherson, and is designed to cater to a number of industries with excess capacity, including workshops, event spaces and photography studios as well as the hospitality sector.
He said a cafe that closes its doors at 3pm each day, for example, could advertise its kitchen space on Occupyd for small businesses or entrepreneurs who cater to the evening market.
This provides out-of-hours income for the owner – during a time when it is needed most – and cuts down the financial responsibility for the occupant, Mr McPherson explained.
He said his vision is to make physical space more accessible and less burdensome for businesses regardless of sector, size or location.
“A large number of organisations have been affected by the ongoing pandemic, which has had a huge impact on their bottom-line. We’re driven to make life a little easier by facilitating relationships between businesses on the hunt for workspace, and those that have extra capacity, so they can help each other out and continue to grow.
“We talk about the ‘hidden market’ – something which is already there, but people are unaware of. Monetising after-hours capacity, which would otherwise be empty, or renting out supplementary workspace could be a goldmine for some companies. Many of us are sitting on something valuable – we just don’t know it.”
Businesses that sign up to the scheme will need to create a profile and field enquiries from interested parties, but Occupyd will take care of all the marketing and platform development.
Once a user reaches a deal and accept a tenant, the money will be deposited into their bank account, eliminating the need to issue or chase invoices.
Mr McPherson concluded: “Taking a five or 10 year lease on a building, paying a hefty deposit and having access to it 24 / 7 is not what most SMEs and microbusinesses want or can afford. We give them access to space in prime locations, when and where they need it, so they don’t have to pay for more than they require.
“Not only do we save them money on space, but also equipment such as ovens and mixers, which would otherwise have to be bought. Occupyd makes it infinitely easier to get started in business, test your concept and expand.”