Self Storage Business

Self storage is a fast growing sector of small business and real estate and it can be highly profitable if you get it right.

Self storage business. Self storage is the best business there is for the small investor. These businesses also cater to other businesses who need storage space for equipment like office supplies furniture and more. 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.

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. According to research by self storage experts at parham group a 29 6 percent return on investment is a typical self storage profit margin. 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.

A self storage business makes it easy for people to store their personal belongings without the hassle and clutter of keeping things at home. Buying a self storage business is a great investment for entrepreneurs looking to tap into one of the hottest sectors in commercial real estate. If managed wisely self storage businesses can provide owners with an impressive amount of passive income. However starting with a great location with ample room to expand allows new facilities to start smaller and grow as needed.

It s also an operating business with very predictable cash flow. 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. 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. They are commonly used by both.

Because of these facts it caught the eye. It has all the benefits of a real estate play and few of the drawbacks associated with traditional investment real estate.