The food industry is a stable and profitable market. People will always need to eat, and with the growing popularity of food delivery and meal kits, there is an increased demand for commercial kitchen space. According to the report, U.S. Kitchen Incubators: An Industry Update, “69% of incubators have seen revenue increase as compared to three years ago or when opened if less than three years old.” The growing demand for commercial kitchen space has the potential to provide a steady stream of revenue for investors and can provide a strong return on investment.
Investing in commercial kitchen space can help to support small businesses and entrepreneurs as well. Many small food businesses and catering companies do not have the resources to invest in their own commercial kitchen space. By investing in commercial kitchen space, investors can provide these businesses with the resources they need to grow and succeed, which can help to drive economic growth and job creation.
Investing in commercial kitchen space can also help to support the local community. By providing resources for small food businesses, investors can help to promote local food culture and increase access to fresh, healthy food options in the community. Additionally, by investing in commercial kitchen spaces that are open to the public, such as community kitchens, investors can help to promote food education and improve access to cooking skills for individuals and families.
Also, investing in commercial kitchen space can also be a sustainable and environmentally friendly investment. By supporting local food businesses, investors can help to reduce the environmental impact of long-distance transportation of food products. Additionally, by investing in commercial kitchen spaces that use sustainable energy sources, such as solar power, investors can help to reduce the overall carbon footprint of the food industry.
Finally, investing in commercial kitchen space can be a low-cost and low-risk investment option. There are a variety of commercial kitchen space investment options available, including shared-use kitchens, co-working kitchens, and commercial kitchen incubators, which can provide investors with a lower initial investment and lower risk compared to other types of real estate investments. For a deeper look into emerging kitchen models, check out The Shared Kitchen Toolkit.
In conclusion, investing in commercial kitchen space can be a smart financial decision, as well as a way to support small businesses, local communities, and sustainable practices. It can provide a stable and profitable return on investment, and has the potential to make a positive impact on the community and environment.
Looking to learn more about the Shared Kitchen Industry? Download the 2021 Shared-Use Kitchen Industry Report for a comprehensive market analysis on the US shared-kitchen industry.