Self Storage Business

Generally speaking the occupancy rates of self storage facilities range from 70 percent to 95 percent.

Self storage business.

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 investment opportunity. 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.

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. Self storage is a fast growing sector of small business and real estate and it can be highly profitable if you get it right. According to research by self storage experts at parham group a 29 6 percent return on investment is a typical self storage profit margin. They are commonly used by both.

Ssa states that the average size of self storage facilities in the u s. Br br self storage facilities are designed to store a customer s goods securely for a monthly fee. 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. If managed wisely self storage businesses can provide owners with an impressive amount of passive income.

Self storage is the best business there is for the small investor. Buying a self storage business is a great investment for entrepreneurs looking to tap into one of the hottest sectors in commercial real estate. It s also an operating business with very predictable cash flow. 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. 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.