Storage Facility

3 Storage Facility Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

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

In this list, you'll find real-world storage facility success stories and very profitable examples of starting a storage facility that makes money.

1. Oz Moving & Storage ($30M/year)

In the chaotic moving industry of 1980s New York City, Avi Oz was fed up with dishonest practices and decided to launch Oz Moving & Storage in 1993. Starting with a hand-painted truck, his commitment to integrity has grown the company into a $30 million enterprise serving multiple states.

How much money it makes: $30M/year
How many people on the team: 0

How We Started Our $30M A Year Commercial Moving Company Back In 1993

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.

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2. Velocity International Group ($1.8M/year)

Ben Elizer, the founder of Velocity International Group, came up with the idea for his logistics company after working at another logistics company for almost five years. He wanted more responsibility and growth opportunities, so he decided to start his own company using the knowledge he had acquired. Despite facing financial difficulties and having to move back in with his mom, Ben put everything he had into Velocity and it has since grown into a successful business, with revenue increasing by over 300% in the past two years.

How much money it makes: $1.8M/year
How many people on the team: 17

How I Started A $100K/Month Logistics And Delivery Service Company

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.

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3. LuggageHero ($1.2M/year)

Jannik Lawaetz, the CEO and Co-Founder of LuggageHero, came up with the idea for his business after experiencing the inconvenience of dragging his luggage around while traveling. His lightbulb moment came when he was stranded outside an Airbnb apartment with his luggage and had to convince a local shop owner to store his bags. Since then, LuggageHero has grown to over 40 locations in major cities across Europe and North America, offering travelers a convenient network of short-term luggage storage options.

How much money it makes: $1.2M/year
How much did it cost to start: $10K
How many people on the team: 12

How We Build A $100K/Month Network Of Short-Term Luggage Storage Options With 40+ Locations

LuggageHero CEO Jannik Lawaetz founded a network of short-term luggage storage options with +40 locations across the world and raised $2.25 million in funding in 2019, with aims to expand to +1800 locations using a POI algorithm, offering customers value and building a reliable team.

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Read by 9,989 founders