How to Build Commercial Storage Units
To create a business that will keep a steady income coming in after the initial investment, starting a storage unit business is a great way. If there is access to money for investing and can help business grow, a storage unit is a good one.
- Pick a location that will give the best chance for business. Do research about different towns and cities in the area. Figure out the ones that have the highest growth rates. A large plot of land that is flat is the ideal choice for a storage unit business.
- Look for a national or local storage unit builder that can build the storage units. Don’t use a franchise such as Public Storage because a franchise fee is required as long as the units are owned. It is very important to have various sizes of units for customers to pick.
- Contact local storage facilities to get rates on similar storage units. Go ten percent lower than the competition, initially, to get the units filled. Put in a rental contract that rates can be raised by ten percent after a year.
- Create fliers that promote the business. Take them to new construction areas or newly built homes in the area. Consider putting an ad in the Yellow Pages or go online and place an ad of Google, Yahoo, or MSN.
- Go to the bank and open a merchant account. This will allow for the acceptance of credit cards and use repeat billing every month.