It's been tried often. Woodcraft bought one of the first companies to try this across the U.S., and I think that's completely dead now. Maybe one or two left in business. You have to remember that it might be better to market to retirees, but most of those guys already have the tools. Woodworking is not a major growth industry for younger folks. It's an expensive hobby for young people trying to start a family. Priced a truck load of lumber lately? Maybe something in the "Maker" movement for these younger people, but they will want computer controlled machinery, laser cutters, and 3d modeling machines. Biggest issues I've heard about that killed these kind of businesses, were heavy use during core hours and weekends. Then it sits empty for a lot of other hours. Folks get tired of waiting for the machinery during these core hours, then don't renew the next year. Lots of turn over, just like health clubs. A place opened in Champaign, IL. But these guys formed by selling shares. It was a big buy in, but not a lot different than building a really nicely equipped shop and filling it with major tools. They have expanded to have a separate building as a school, and have a Rockler associate retail store and supplies. It's a wonderful looking place. You'll need lots more insurance than just liability., and a lot longer expense list. Don't forget to add a spell checker in the costs. LOL
