Mini storage business plan

Responsible for signing checks and documents on behalf of the company Evaluates the success of the organization Facility Manager Responsible for handling leasing or rental of mini warehouses and self-storage units Responsible for handling rental of self-storage warehousing Responsible for handling rental of coin operated lockers Responsible for handling U-lock storage rentals Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs. Handle other facility operations such as repairs and renovations et al Admin and HR Manager Responsible for overseeing the smooth running of HR and administrative tasks for the organization Design job descriptions with KPI to drive performance management for clients Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.

Mini storage business plan

Strategic Analysis with current research! The Self Storage Facility, Inc.

How to Start a Self Storage Business: 11 Steps (with Pictures)

The Company was founded in by John Doe. The facility will feature approximately two to three acres of space so that customers can rent large full scalemedium, and small storage spaces for their personal belongings.

The Company will be able to generate recurring streams of income on a monthly basis from the continued rental of these spaces to customers. Management, based on the architectural plans for the facility, expects to develop 50 full sized spaces about the size of a small garagemedium sized spaces approximately 10 feet by 5 feetand small sized space 5 feet by 5 feet.

The third section of the business plan will further describe the services offered by the Self Storage Facility.

Financial modeling spreadsheets and templates in Excel

The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the real estate industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.

Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.

Doe intends to implement marketing campaigns that will effectively target individuals seeking storage space within the target market. Doe may seek to develop additional facilities with the accrued profits of the business after the third year of operations. He may seek to refinance the equity of the self storage complex to be used as a down payment for a second facility.

The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time.

Mini Storage Business Plan Template |

Doe wishes to sell the Self Storage Facility, he will contract a real estate brokerage firm to showcase the property to potential buyers. Doe expects that the business could be sold for three to four times earnings plus the value of the appreciated self storage facility real estate.

Doe intends to develop outside of the New York metropolitan area. This facility will be of a substantial size, and Management expects that it will have customers by the end of the first year of operation. This will ensure that the business does not need to worry about maintaining and collecting late receivables from customers.

The facility will have state of the art surveillance equipment installed on the premises to ensure maximum security. Currently, the economic market condition in the United States is in recession.

This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.

However, once self storage facilities especially in large metropolitan areas are somewhat immune from deleterious economic changes once they reach near full capacity. In major metropolitan areas, space is an expensive commodity, and people regardless of the economic climate will continue to require additional storage for their belongings.

mini storage business plan

This business model is similar to major hotel chains like Marriott and Hilton that provide marketing services to customers, but do not directly own the properties. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.

The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Doe will register this website with several online directories as many people now use the internet to find local service providers.

As mentioned above, the Company will also develop referral relationships with local real estate agents and brokers that will refer business to the Self Storage Facility from clients that are moving to the area, but lack the space to store all of their belongings in their new homes or apartments.Free Self Storage Facility Business Plan For Raising Capital from Investors, Banks, or Grant Companies!

Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.

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May 03,  · If you plan on seeking financial support from an external source for your business, a clear, well-researched and credible business plan is absolutely fundamental.

You can find examples of business plans for self-storage start-ups online. [7]91%(). Jun 26,  · If you plan on seeking financial support from an external source for your business, a clear, well-researched and credible business plan is absolutely fundamental.

You can find examples of business plans for self-storage start-ups online.


[7]90%(). Westbury Storage, Inc. self-storage business plan company summary. Westbury Storage will be a self-storage facility located in Westbury, New York.

mini storage business plan

Storage are adequate in terms of population, with a estimated population of 73, living in 25, households, with a estimated median household income of $52, The estimated population growth between and is an increase of % or.

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