Storage Unit Business Plan

And with that in mind here are the steps that will allow you to create a proper self-storage business plan.

Storage unit business plan. If managed wisely self storage businesses can provide owners with an impressive amount of passive income. Rent for climate-controlled units averages 25 to 60 higher and yet costs an average of 10 cents per square foot Curtis 2004 yielding you a healthy return on your investment. This storage business plan describes a proposed self-storage facility to be established in Westbury New York involving the conversion of an existing building.

These are known as sunk costs or the costs you have to pay to get the business started. Roger Black and Sebastian Stote are 50-50 owners of Plainview Storage which is a 110 unit self-storage facility converted in 1993 from a former piano factory. Typical projects require financing of 2 to 3 million with 10 to 20 down payment.

Factors that make a self storage business successful. Safety Locks is a self storage unit where businesses and individuals can keep their valuables. Here again there are variables but most are confined to the actual cost of the land and self storage units construction expenses.

Now that you have an idea of what it is you want to do and where you want to place your facility you need to estimate your start-up costs. Keep in mind that a business plan for an existing self-storage facility will look quite different from a business plan for a proposed facility. Our company is located in Fort Smith Arkansas.

Most importantly our services include self storage for different purposes. For a businessperson wanting to start up a new self-storage facility they would have to have the financial clout or investor support to be able to finance the land purchase and the construction costs. Total project costs are estimated at 1054487 including purchase price conversion costs and pre-opening expenses see section on Start-up Summary.

You can find examples of business plans for self-storage start-ups online. Each business plan should be tailored to your own needs but a business plan for a self-storage facility usually will feature information such as. Instantly Download Self Storage Business Plan Template Sample Example in Microsoft Word DOC Google Docs Apple Pages Format.