Entrepreneurs invest in business ventures for many reasons. For many people starting a business, it’s important to them to find a concept that is traditionally less risky than other types of businesses. Others look for a business they can operate while still working a full-time career. Many want a business that has some meaning and plays a key role in the community.
The storage units industry — spanning a variety of types of storage, including long-distance moving, local containers, and local DIY moving — hits on a number of these motivations.
Benefits of owning a storage units business include:
Storage Is Always in Demand
American homes get bigger and bigger, because people simply have so much stuff they don’t want to get rid of. And even as economic conditions ebb and flow, a storage units business continues to be in demand.
During good times, people buy more material items, and the belongings add up. Inevitably, homeowners may need extra storage outside the home, especially if they need a place to store things while moving.
When times are not so good, people may move away to find other work and need storage in the interim. Demand for storage does not suffer a decline like the world around it does.
And then there is downsizing. Some move into smaller homes even when they are flush with income, for many reasons, such as having an empty nest and no longer needing a large home. Other people may downsize because of a drop in their income.
Either way, a storage units business is a good friend to people in these situations.
It’s a Community Hub
The owner of a storage units business crosses paths with a great variety of people in the community and is in the position to get to know just about everyone.
Consider families that just moved to town and need to store things temporarily, while they rent a small apartment and search for a home to buy. Many other people already in the city move from house to house, and when they do, they will come looking for a unit and a key.
Then there is networking with other businesses that are transitioning from one facility to another and need a place to store furnishings and equipment. Or, if the storage units business offers portable units, businesses can utilize the units at their own sites during renovations or construction. Either way, customers from the business community will come calling.
It Can Be an “Absentee” Operation
It doesn’t take a huge team to run a storage units business. In some business models, the owner can work in a semi-absentee capacity, while enjoying another full-time career. It’s a perfect example of what is called a “side hustle.”
Customer service is important, but compared to other types of businesses, not as much of it is required. Management typically only interacts with most customers when they sign up for the service or unit, when they make payments, and when they move out.
It Can Be Just the Start of a Larger Portfolio
It is common to see other moving-related businesses adjacent to a storage units business. An owner may augment the operation by adding, for example, a shipping store such as UPS Store or Pak Mail next door, on the same property.
Zoning permitting, myriad other businesses on the property may make sense, such as a facility for storing automobiles or boats.
The Return on Investment is Solid
A storage units business delivers an exciting ROI for a number of reasons.
As already stated, an economic downturn does not sink a storage units business. Also, such a business model is scalable.
Take the example of a UNITS Moving and Portable Storage franchise. A franchise owner can incrementally enlarge the business with more containers, as needed — as well as expand into additional territories. Sales volume and profit margins begin to really take off with scalability.
A portable storage units business in particular taps into a growth industry, as the downsizing of homes, and cross-country moves, continues to trend upward.
According to the Self Storage Association, one in 10 people will use self-storage in their lifetimes. The U.S. storage industry is predicted to reach $32.7 billion in revenues in 2019.
Founded by Michael McAlhany in 2004, the mission of UNITS Moving and Portable Storage is to provide personal customer service while supplying the most innovative equipment in order to eliminate the frustrations associated with moving and storage space issues.
UNITS Moving and Portable Storage currently has 24 franchised and three corporate territories across the United States. With a presence in more than 40 markets, and growing, the brand is looking to expand with the right people in the right markets.
For more information on how to take advantage of this opportunity, or simply to learn more about the moving and portable storage industry, visit https://www.unitsfranchisegroup.com/ and fill out the inquiry form. We will reach out to you to talk more about your interest in our brand, and how UNITS Moving and Portable Storage can help you reach your personal and financial goals.