Storage Unit Business Plan

Most inquiries will come through the Yellow Pages ads. Floor plan "D" suggests a way to partition an area 200 ft. Doubled, this is exactly the space available in the Westbury building after deducting the office area. Proper telephone manners and professional handling of on-site inquiries are essential.

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The architectural details and finishes can significantly impact cost.

Land costs and site improvements will also impact your initial investment.

Even though there is an excess of demand over supply, an unfriendly manager or clumsiness over the telephone will cause needless lost sales. This leaves total space dedicated to self-storage units of 48,000 sq.

As is the case with the owners' present self-storage facility in Plainview, many sales are directed through Stote Movers, who are in constant contact with people on the move and, therefore are most likely to require temporary storage. It is assumed that half of the units will rent in the first six months of operation.

the first 50% of the total space will be reached in equal monthly increments during the first six months, and so forth.

How to start a storage unit business tends to be one that requires a lot of capital to get started. But, there is one area of real estate that is not capital intensive nor is it time-consuming. People use storage units to keep their belongings secure when they can't fit it into their living quarters.

Location, design, zoning restrictions, site improvements needed, etc., will all impact the costs to build your self-storage facility.

A better question might be, “How much do I need to invest and what research do I need to do in order to ensure profitability in a new self-storage business?

To give you even ballpark costs, we will need to know if you are planning to build a single story or a multi-story facility.

Costs for Single Story Self Storage Construction typically ranges between - per square foot – not including land or site improvement costs.


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