Storage Facility

Business Idea: Start A Storage Facility in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$917K
Avg Startup Costs
$18.9K
Score
73
Market Size
Avg Revenue
Min Revenue
$100K/month
Max Revenue
$2.5M/month
Avg Days To Build
180 days

Starting a storage space business is an accessible venture that allows you to utilize unused space effectively.

Additionally, you can start this with little capital. If you have available space, such as a warehouse, garage, or unused rooms, you can repurpose it for storage purposes.

Apart from renting out storage space, self-storage facilities make money by selling locks, cardboard boxes, packing supplies, insurance, and other products.

Pros of starting a storage space business include the following:

  • Great profit potential
  • Growing demand
  • Low overhead compared to other businesses
  • Requires minimal management

Revenue & Profitability

How much do storage facilities make?

Examples Of Successful Storage Facilities

Successful storage facility businesses and case studies

Avi Oz, founder of Oz Moving & Storage, started the company in NYC in 1993 and built it to a $30M/year organization, offering commercial and residential moving services and prioritizing customer satisfaction and trust by providing excellent service and anticipating client needs.

$2.5M Monthly Revenue
Read by 1,677 founders

How a logistics company grew its revenue over 300% in 2 years, starting with just 2 vans and 25k+ square feet of warehouse space, and focused on relationships, efficiency, and building trust with its customers.

$150K Monthly Revenue
Read by 12,903 founders

See full list of successful storage facilities.