Business Baron

Self Storage

Self Storage: Units rented by the month. Self storage is property with a reception desk. You spend heavily once to partition a shed into units, then…

Units rented by the month. Rent out space by the month and let it fill up.

Self storage is property with a reception desk. You spend heavily once to partition a shed into units, then everything after that is occupancy: the costs barely move whether the building is half full or nearly full, so every extra unit let is almost all profit. Customers come from the messy parts of life (moving, divorce, a death, a business that outgrew the garage) and stay far longer than they intend, which is why the trade is valued on rent roll rather than on this year's takings.

Setup costs
£250,000 to £1,000,000
Competition
Low
Category
Construction & Property

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