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Are you ready to run your own business? With a self-storage facility, you can call the shots. We take you through how to get started, and what licences and permits you may need to get your storage space up and running.
Before you invest in a facility, it's always a good idea to analyse the financial viability of your dream business. Meeting with a consultant who can help you scout financial opportunities is a great first step, as is making sure you have an understanding of the projected cash flow for the business and the costs of building and operating a facility.
If you are applying for a loan, it would be prudent to get advice on your possible equity. You can also consult on the type of loan and amount you can qualify for.
Take time to research industry-specific guidelines and the zoning regulations in your state and locality. Doing so can help you to prevent any delays in your operation or avoid incurring extra costs.
Finally, construction experience will be helpful. Whether you are converting an old warehouse or building your facility from the ground up, you need to know what the process will involve and the approximate costs, so you can keep within budget.
Careful planning of your facility can help earn your customer's confidence. After all, they are trusting you to safeguard their belongings.
Equipment you will need for your business will include:
Before you set up your business, you need to decide on your business structure. Here is a summary of the types to consider:
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
The price for a self-storage unit varies by type and the city you're hiring in. Storage units cater to personal spaces, business storage, wine cellars, gun lockers, vehicle spaces and deposit boxes. The size can range anywhere from a large locker to a mini-warehouse. Take into consideration whether the storage unit will have an electrical power supply, climate control, insurance or forklift service for loading and unloading, as this will contribute to costs. A medium storage unit can cost anywhere from $200 to $500 per month, and it's a good idea to conduct market research of your nearby competitors, their services and what they charge.
At times, businesses will look for warehouses to store their excess stock or equipment when they are in between moves. Business self-storage is popular among sales reps, tradesmen, online businesses, importers and exporters, and removalists. In addition to storage, you can choose to offer several other services to your business customers, such as:
You can also sell boxes and cartons, tapes, moving packs and protective covers for furniture and equipment.
You can develop a significant online presence by connecting to Google My Business and Google Maps so your facility will show up on Google Search. Many people use the Google search engine to find storage facilities in their area.
You may want to consider creating a basic website with WordPress, Wix or Squarespace to inform of your services and storage options, and so you can respond to queries and keep customers up to date with accurate information. Invest in a domain name, a business logo and online ads for your website.
You can also use hassle-free online marketplaces like Airtasker, hipages and Oneflare to connect with people.
Why do people need self-storage facilities?
A storage facility can help reduce clutter in the home. People can store old vehicles, holiday decorations, art, furniture, toys or appliances in a safe and clean environment. This does not just apply to residential furniture, but also for office equipment or inventory. A storage facility will have a range of storage spaces to meet their customer's needs and can also provide short-term storage during a move.
What are the benefits of a self-storage space?
A self-storage space helps residents declutter their home, store away seasonal items and free up garage space. It also helps them keep large items when they downsize their home. As for businesses, a storage facility is a cost-effective solution for online retailers and business archives.
Each facility will have access hours and most allow customers access any time within business hours. Some centres have restricted hours, but most now allow access 24/7.
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