 Self Storage Companies - There are many reasons why people need to store goods away for a period of time to be used at a later date. In today's world people like as little clutter as possible in their homes. Self Storage Companies.
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Self Storage Industry. Self-storage companies rent storage space to consumers in a way similar to that of property owners renting apartments to tenants: Monthly rents are determined by the amount of square footage used by clients to store their goods. Self Storage Industry.
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Self Storage
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Self Storage Industry
The storage industry is one of the few remaining industries where local, small operators are king. According to industry reports, the top ten operators control less than 20% of the self storage market. Although some markets are saturated, overall the industry continues to grow. National occupancy rates ranged from 85% to 91% in the last few years. As of 1997, 6,994 self storage facilities existed in the United States, with the majority of those establishments in the U.S located in the top eight states of California (1,217), Texas (704), Florida (567), Washington (287), Georgia 240), Virginia (204), Illinois (201), and Ohio (195). All growing at a steady rate.
Finance in the Self Storage Industry
According to the 1997 Economic Census, the average revenue for self storage facilities nationwide was $361,000 in 1997. In Entrepreneur Magazine's How to Start a Self Storage Center the average net profit before taxes is estimated to be $89,000, with a minimum start up investment of $72,000 and an average start up investment of $350,000. The cost of operating a facility in the self storage industry can be quite low because of low operating costs. On average, there were three employees per self storage facility in 1997 with an annual average payroll of $42,000.
Growth in the Self Storage Industry
According to a document from www.bizjournals.com, the growth in such self storage idustry facilities has added some bulk to the phone book as well. South Central Bell Telephone Co.'s 1993 edition of the Yellow Pages used eight pages to list about 66 temporary storage facilities. BellSouth Corp.'s 1998 counterpart consisted of 13 pages and about 102 providers.
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Self Storage Industry
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Quick Links...Self Storage
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 Self Storage Marketing - With the correct marketing at your fingertips your business can increase sales and awareness. Have a look at your competitors and aim just that bit higher and become a major player. Self Storage Marketing.
 Storing.com
- We set up our storage solutions company under the Teamsters Logistics umbrella some 14 years ago. Our goal is to offer an affordable storage facility in each of the Uk's main regions. Our quality of service is prerequisite and has reflected in our success to date. We offer a free collection service to any customer planning to store for more than 6 months. FREE COLLECTIONS!. Self Storage Industry.www.storing.com
Inside Self-Storage Magazine
- The magazine for owners, operators and builders of self-storage facilities. A huge resource for anything related to storage. Self Storage Industry. www.insideselfstorage.com
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Personalised Individual Locks for Customers (Click to enlarge)
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Tread Carefully
Nationwide, the temporary-storage-facility industry is experiencing a boom, according to a report by the Self Storage Association, based in Springfield, Va. Revenues increased in 1998, but the rate of increase slowed mostly because of overbuilding, the association reported. And nationwide, occupancy declined from 88 percent to about 87 percent. The self storage industry dynamics.
More Recent Developments
When a group of six self-storage facilities came up for sale in May of 2004, the bidding became ferocious. More than a dozen investors made offers for the properties located in Northern New Jersey, New York City and Long Island, N.Y.
The winning bid came from Storage USA, a unit of General Electric, which paid $70 million for a capitalization rate of about 7%. While the price was steep, brokers say the sale was particularly noteworthy because of who was bidding. Self Storage Industry.
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