Now it is time invest in Storage businesses more than ever thanks to Pandemic. Why? Because people are either downsizing, leaving the cities, losing jobs and most have no idea what to do.
There are so many pros in downsizing. Most of the houses in the US is too big and attaching big capitals to spaces that not used is rubbish.
Moving from a larger home forces you to declutter and simplify, spend less time cleaning and reduces environmental impact. Addition to these advantages, you can save money to buy another property, pay off debts.
Self-Storage Business Facts
Self Storage Association states that the average size of self-storage facilities in the U.S. is 546 units.
However, starting with a great location with ample room to expand allows new facilities to start smaller and grow as needed.
Typically, a self-storage facility can easily makes a profit at 60% to 70% of full occupancy. Currently, the industry average occupancy stands near 90%, according to Statista. This is why Self-Storage business comes to mind for investors, and for affordable pricing even non investors can easily build their facilities. Establishing a self-storage facility is straightforward. It requires little to non previous experience.
Interested to Know More?
We can give you more information on how to get units delivered to you just in weeks. If you are looking to invest, establish or grow your Self Storage Business, contact our team get to know more.