Self storage unit business plan

Responsible for signing checks and documents on behalf of the company Evaluates the success of the organization Facility Manager Responsible for handling leasing or rental of mini warehouses and self-storage units Responsible for handling rental of self-storage warehousing Responsible for handling rental of coin operated lockers Responsible for handling U-lock storage rentals Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs. Handle other facility operations such as repairs and renovations et al Admin and HR Manager Responsible for overseeing the smooth running of HR and administrative tasks for the organization Design job descriptions with KPI to drive performance management for clients Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products. Defines job positions for recruitment and managing interviewing process Carries out staff induction for new team members Responsible for training, evaluation and assessment of employees Responsible for arranging travel, meetings and appointments Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.

Self storage unit business plan

Self-Storage Business Plan Executive Summary This storage business plan describes a proposed self-storage facility to be established in Westbury, New York involving the conversion of an existing building.

Objectives After achieving experience and success in their present self-storage facility in Plainview, New York the principals of this proposed project plan to take advantage of the strong demand in the self-storage industry to achieve a major presence in Westbury.

The ownership connection with Stote Moving will assist in gaining full occupancy quickly. Keys to Success The keys to success in the self-storage business are: To provide dry, secure, and clean facilities with convenient access.

To have good connections in the moving industry to direct customers needing temporary storage space. To be able to adapt as storage and market needs change. Company Summary Westbury Storage is a start-up project to be located in Westbury.

The owners are experienced in the moving and storage field, owning a well-established moving company Stote Movers and a successful self-storage facility in nearby Plainview Plainview Storage.

The building to be purchased for this project is a large brick building originally constructed as a bleachers around This building as well as surrounding buildings, were connected with the now dying leather industry which flourished a few decades ago. A large building of similar size located next door and connected by a walk bridge has already been converted successfully and is operating well.

The Westbury Storage building contains three floors of heavy-duty wood and steel beam construction ideally suited to the planned purpose of self-storage units. The building is heated by oil. One of the two elevator shafts will be the home for a new over-sized passenger elevator suitable for transporting storage contents from the ground level to the units on the second and third floors.

A large separate parking lot area comes with the building but will not be needed for this project.

Conduct Research

This lot could be sold or could be the site of additional future storage units to be set up using one of several one-story steel storage systems.

It is estimated that, with purchase of the building taking place in June of this year, the conversion into storage units could be completed and ready for occupancy by the end of the year.

Demand for the units is strong, as evidenced by the market survey of existing self-storage facilities. Company Ownership The company will be incorporated as an S Corporation, and will be owned by three individuals: Roger Black and Sebastian Stote are owners of Plainview Storage which is a unit self-storage facility converted in from a former piano factory.

All units are fully rented. Sebastian Stote is owner of Stote Movers, which is a family business providing residential and commercial moving since In addition to being the source of many of the rentals at Plainview Storage, Stote Movers has 52 filled foot trailers located in Roslyn-by-the-Sea.This leaves total space dedicated to self-storage units of 48, sq.

ft. (16, per floor). Some space is lost when the partitioning is done. Floor plan "D" suggests a way to partition an area ft.

X 40 ft. Doubled, this is exactly the space available in the Westbury building after deducting the office area. There will always be a demand for self-storage units.

The question is whether or not you can either compete with existing companies or find a hole within the market that your business can fill.

Self-Storage Business Plan

True commercial development of self storage began in the late s by the pioneers of the self storage business, who recognized a growing demand for residential and commercial storage. This is a free sample business plan for Self-Storage.

self storage unit business plan

To see more business plan examples, business plan software, and other business planning tools visit Financial Plan Last drawdown around the end of the year when all conversion to self-storage units should be completed.

First repayment of principle is planned in . With self storage, the emphasis is on the care of a single asset, and the plan is a representation of my ideas for the efficient and effective management of the facility.

I'm not downplaying my ability as a borrower, but in commercial real estate, the lender tends to look more to the performance of the asset than the borrower.

self storage unit business plan

There will always be a demand for self-storage units. The question is whether or not you can either compete with existing companies or find a hole within the market that your business can fill.

Self-Storage Business Plan - Strategy and Implementation Summary