Do you want to start your own self-storage business? A well-presented facility in a good location should turn your potential business into success. But, what do you need to work on so you can go beyond the usual business?  So, you need to create an effective business plan to guide you in your goals and aspirations. Also, you need to focus on the sales and marketing aspect of your business.  Read this article as we share relevant steps that can assist you establish your self-storage business. Plus, we have some templates that you can download freely. 

FREE 6+ Self Storage Business Plan Samples

1. Self Storage Business Plan Template

Details
File Format
  • Microsoft Word (DOC)
  • Google Docs
  • Apple (MAC) Pages

Size: A4 & US

Download

2. Self Storage Marketing Plan Template

Details
File Format
  • MS Word
  • Pages
  • Google Docs

Size: A4 & US

Download

3. Business Plan Guidelines Template

Details
File Format
  • Microsoft Word (DOC)
  • Google Docs
  • Apple (MAC) Pages

Size: A4 & US

Download

4. Blank Business Plan Template

Details
File Format
  • Microsoft Word (DOC)
  • Google Docs
  • Apple (MAC) Pages

Size: A4 & US

Download

5. Sample Self-Storage Business Plan

Details
File Format
  • PDF

Size: 203 KB

Download

6. Self-Storage Business Plan

Details
File Format
  • PDF

Size: 735 KB

Download

7. Self Storage Marketing Plan Sample

Details
File Format
  • PDF

Size: 56 KB

Download

 

What is a Self Storage Business Plan?

The book “How to Invest in Self-Storage” explains that the customer base for self-storage facilities is remarkably diverse, being one of the reasons that the self-storage industry has continued to thrive in growth and profitability. It entices a similarly diverse audience of people interested in investment opportunities for development, operations and self-storage ownership.

A business plan serves as your guide as it provides the essential steps that specifically align with your goals and objectives in an orderly manner. Using this tool can help you accomplish your priorities in building a self-storage business. 

How to Create a Self Storage Business Plan  

Most people think developing a business plan is a very complicated and time-consuming task. But if you’re aware about the fundamentals of opening a successful business, a plan is necessary so that you are aware about the things you need to work on. 

In this section, we suggest that you follow the steps below:

1. Create the first draft

Austin Kleon said: “It doesn’t matter if it’s good right now, it just needs to exist.” His statement truly proves that you need to come up with an idea, or something even though it’s not that great in the first place. The important thing is that you initiate your first draft. Writing your first draft enables you to brainstorm and think carefully about your business. 

2. Conduct a research

Making a thorough research on your environment, target market, potential clients, sales and marketing, and other factors that involve in your self-storage business is very important. In this way, you can examine the needs and preferences of the people around you and determine the steps you need to do to attract them to use your services. 

3. Include a company summary 

After performing an in-depth research, you need to include a brief summary of your company. Write your business goals, objectives, mission and vision statements, purpose, products or services, and many more.

4. Edit and revise

As you finalize your business plan, carefully review your whole plan and  check if you need to edit some parts or sections in your document. Then, you can make some necessary revisions if you notice some errors.

FAQ

Is a self storage business profitable?

Yes. A self-storage facility generates a profit at 60% to 70% of full occupancy. According to Statista, the industry average occupancy stands near 90% these days.

How do I start my own self storage business?

You need to have the investor support to be able to finance the land purchase and the construction expenses.

Is owning a storage facility a good investment?

Yes. A self-storage is a compelling asset class because it has large income potential with low overhead, lesser construction costs than other commercial real estate sectors, and almost low management.

Can I run a business out of a storage unit?

Yes. An article explained that extra space storage provides some ways for businesses to operate from their locations. Storage units are often used to store inventory or parts, equipment, and materials.

Therefore, a compelling business plan for your self-storage business can help you to attract potential investors and assist you in fostering the growth of your company. Keep these words in mind by Theodore Roosevelt: “Far and away the best prize that life offers is the chance to work hard at work worth doing.”  So, you should always work your 100% in your business. Continue to be inspired and keep looking forward. Download our business plan template in this article so that you can start your business now!

Related Posts