Self Storage Business

If managed wisely self storage businesses can provide owners with an impressive amount of passive income.

Self storage business.

True commercial development of self storage began in the late 1960s by the pioneers of the self storage business who recognized a growing demand for residential and commercial storage. These businesses also cater to other businesses who need storage space for equipment like office supplies furniture and more. While self storage facilities traditionally generate healthy stable cash flow anyone entering the self storage business must realize that this won t be a get rich quick operation. This means that the return on investment can be high and a storage unit facility often enjoys a high profit margin when compared with other business ventures.

Our self storage building packages require a low initial investment feature expandable walls so you can accommodate a variety of customers and can be easily expanded in the future. However starting with a great location with ample room to expand allows new facilities to start smaller and grow as needed. Buying a self storage business is a great investment for entrepreneurs looking to tap into one of the hottest sectors in commercial real estate. They are commonly used by both.

Because of these facts it caught the eye. A self storage business makes it easy for people to store their personal belongings without the hassle and clutter of keeping things at home. Self storage is the best business there is for the small investor. Most importantly our self storage kits can be erected in a matter of days which allows you to get your business up and running quickly and easily.

Generally speaking the occupancy rates of self storage facilities range from 70 percent to 95 percent. According to research by self storage experts at parham group a 29 6 percent return on investment is a typical self storage profit margin. Ssa states that the average size of self storage facilities in the u s. It s also an operating business with very predictable cash flow.

In order to give yourself the best possible chance it s essential that you gain a strong understanding of the sector before committing a lot of time effort and money into getting your business off the ground. Self storage investment opportunity.