Business Idea:
Invest in declining but stable shopping centers with high occupancy and niche tenants like trampoline parks or fitness centers.
Problem:
E-commerce is rising, but certain properties like malls are under-utilized and can be converted or repurposed.
Solution:
Buy and retrofit vacant or underperforming shopping centers with innovative tenants like trampoline parks, pickleball courts, or EV charging stations.
Target Audience:
Local families, sports enthusiasts, EV drivers, and regional communities.
Monetization:
Lease rents, membership fees, event hosting, and ancillary sales.
Unique Selling Proposition (USP):
Limited new supply, high occupancy, and flexible tenant uses with low ongoing construction costs.
Launch Strategy:
Identify undervalued centers, negotiate below replacement cost, and partner with niche entertainment operators for quick scale-up.
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How my college roommate bought a $3.4M Business For $200K