Mini storage
units are attractive to both the residential and commercial markets.
A mini storage facility stores the various household and business items that are sent for external storage. Often self service, running a storage facility is a hands off business operationally, although it does require a cash investment to get started. Starting a mini storage facility is one way to monetize your space while providing a much-needed service in storing other people's junk.
Instructions
1. Prepare a business plan, costing the various expenses involved in starting up your mini storage facility and deciding on key business factors such as pricing, location and structure. This will include a figure for leasing the premises, in addition to the costs of setting up your business and its identity and the costs of marketing and advertising your storage site.
2. Contact commercial real estate agents in your local area. Ask about the availability of industrial land or units, which will often result in a lower rental cost per square foot, and arrange viewings on suitable sites with the agent. A suitable site will have sufficient space to handle the capacity of your mini storage business.
3. Negotiate a lease on the premises for your mini storage business. Having chosen a suitable base for your mini storage facility, negotiating the terms of the lease is important in getting the best deal for your business.
4. Install your storage infrastructure. Work on how large your total storage capacity will be, and the best way to manage your space. There are companies that manufacture storage pods for mini storage businesses, or you could build your own storage rooms through partitioning custom sized areas of your storage unit, depending on your target market.
5. Start marketing and promoting your storage facility through local media advertising to attract clients from your area.
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