Storage unit business plan sample

Or you need a sample self storage unit business plan template? If YES, then i advice you read on. If you live in the United States and you are interested in owning a business portfolio in the real estate industry and you have not made up your mind on what kind of business to engage in, then you should consider starting your own self storage unit business. Although, you can also start a self storage business in London or some couple of cities in Canada and Europe, but the United States of America still remains the only country where this type of business is indeed a big industry.

Storage unit business plan sample

If YES, here is a complete guide to starting a storage unit business with NO money and no experience.

We also took it further by analyzing and drafting a sample storage unit marketing plan backed up by actionable guerrilla marketing ideas for storage unit businesses. Why Start a Storage Unit Business? Storage units are used by people to store their belongings and it can be any secured space ranging from boxes, lockers, containers, rooms to an empty ground lot.

The storage unit business became a thriving one from and has gotten a lot of investors rich. This therefore means that you can make huge profits from this business if you research the business well and ensure that you are strategically located.

storage unit business plan sample

Once you have carried out a thorough survey about the business, then it is essential that you write down your findings as these facts and data you have garnered will be used to form your business plan.

There are more than 58, storage and warehouse leasing businesses in the United States of America employing more than storage unit business plan sample, people.

According to IBISWorld, the storage and warehouse leasing industry is one that is the fastest in the commercial real estate sector of the industry. The storage unit business plan sample which has continued to grow due to the growing economy has benefited a lot from an increase in demand from customers who have more disposable income to spend and this has tilted the industry to grow tremendously within the next five years.

According to a fact sheet from the Self Storage Association, 52 percent of storage unit facilities in the United States are in suburban areas, 2 percent are in urban areas while 16 percent are in rural areas.

Succeeding in Self Storage

This goes to show that demand is high in some demography probably because clients choose storage unit facilities that are conveniently in or around their homes or businesses. Also, the reason why the percentage is higher in the suburbs is due to the fact that individuals that earn higher incomes are likely to accumulate more belongings and are therefore likely to rent one or more storage units.

The self-storage industry originated in the United States of America and the country has since remained on top in the global market.

Globally, Canada and Australia also have self-storage industries that are waxing strong, while Asian markets such as Japan, Hong Kong and Singapore are seen as growing markets with huge potentials. - Free Self Storage Facility Business Plan

In the United States of America, there are nearly 16, storage unit facilities which consist of single companies and companies with multiple facilities in different locations. Companies in this industry usually provide varying services in order to be able to meet with the differing personal and or business needs and requirements of their consumers.

What drives demand in this industry is the number of people in a location and how much they are willing to spend to rent a storage unit for their belongings.

The profitability of every storage unit company in this industry is largely dependent on how much they rent out their units and the strategies they use to market and promote their units to their target market.

Large scale storage unit companies usually have an advantage in finance acquisitions, marketing, purchasing and administration, while small scale storage unit companies usually compete by offering niche services to the target market.

A major percentage of the storage unit companies in the United States of America operate just one facility. Nearly 80 percent of the storage unit companies in the United States of America are independently owned due to the fact that the number of storage units has risen by nearly two-thirds since the year However, the revenue in the industry is boosted via acquisitions by these independents as opposed to larger operations.

According to a forecast, there were more than 54, storage units in the United States of America with 9. Rents for storage units are rising as more units are becoming occupied; however, construction of new storage unit facilities are low due to the fact that the economy is just recovering.

Starting a Self Storage Unit Company – Sample Business Plan Template

Starting a Storage Unit Business With No Money — Market Research and Feasibility Studies Demographics and Psychographics The demographic and psychographic composition of those that require the services provided by a storage unit company is highly dependent on where the units are located, the population of those in that area, and what kind of income the households earn in order to be able to rent a storage unit for their personal or business belongings.

This does not exclude businesses of whatever size who are looking for a secured location and unit in which they can store their excess business documents. List of Niche ideas Within the Storage Unit Business That You Can Specialize in The storage unit business is one where individuals, due to personal reasons, can rent or lease a storage unit to store their personal and or business belongings.

The storage unit business is a sector under the real estate business and as such depends largely on the economy in order to thrive. It is however a convenient option for those who can afford it, and it has been widely adopted by Americans.

Just like any real estate concern, the issue of location, easy access, and security is very paramount to the growth of this business. In order to stand out, companies have started specializing in niche areas. Therefore, some of the niche areas that a storage unit facility might decide to go into include; Rental or leasing of storage units and mini warehouses U-lock storage Rental of coin operated lockers The Level of Competition in Storage Unit Services Industry The level of competition in this industry is largely dependent on the location of the storage units.

Self-Storage Sample Business Plan | Entrepreneur

This has led to companies acquiring other storage units or locating their businesses in areas where there is a huge demand in order to be able to conveniently compete with similar storage units offering the same services.

When it comes to the storage unit business, distance can be a barrier when competing with other storage unit companies because clients want to be able to access their belongings when they want. Certain important attributes that customers look out for when intending to rent or lease a storage unit are security, accessibility and competitive price.

Once you are able to provide these, then you can safely compete against your competitors. As an entrepreneur, you can choose to have multiple locations in the same area especially if you consider the area thriving enough for your storage unit business.

List of Well — Known Brands in the Storage Industry The storage unit industry is one that is largely concentrated and as such there are companies that have stood out from others as independents or as larger operations.

There are several attributes that have made these companies to stand out and they include but are not limited to; their length of time in the industry, their marketing and publicity strategies, the number of units they have, the location of their units and their safety and security measures.Business Plan Pro Sample Confidentiality Agreement storage units.

The building is heated by oil. One of the two elevator shafts will be the home Bookkeeping and billing will be handled by the same system used at Plainview Storage and Westbury Storage — Sample Plan. May 03,  · If you plan on seeking financial support from an external source for your business, a clear, well-researched and credible business plan is absolutely fundamental.

You can find examples of business plans for self-storage start-ups online. [7]90%().

Starting a Storage Unit Business With No Money – The Marketing Plan Marketing ideas and strategies Marketing is an essential part of any business either new or existing because not only does it help to generate funds for a business, it also ensures that awareness is created for the business as well.

A Sample Self Storage Unit Business Plan Template Business Overview Self – storage units are mini storage spaces created for people to store their belongings for a short period of time, i.e. on a monthly basis and it is subject to renewal. Self-Storage Business Plan.

Roger Black and Sebastian Stote are owners of Plainview Storage which is a unit self-storage facility converted in from a former piano factory.

All units are fully rented. Your business plan can look as polished and professional as this sample plan. It's fast and easy, with LivePlan. Company Summary. Westbury Storage is a start-up project to be located in Westbury.

The owners are experienced in the moving and storage field, owning a well-established moving company (Stote Movers) and a successful self-storage facility in nearby Plainview (Plainview Storage)/5(27).

Cost to Build a Storage Unit Business | LoveToKnow