6 Storage Facility Success Stories [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
Here are some real life success stories of starting a storage facility :
1. 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 they make: $1.8M/year
Current team size: 17
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.
Learn more about starting a storage facility :
Where to start?
-> How much does it cost to start a storage facility ?
-> Pros and cons of a storage facility
Need inspiration?
-> Examples of established storage facility
-> Marketing ideas for a storage facility
Other resources
4. List Self Storage
5. Fireproof Records
Fireproof makes sure your information is always in your hands and never in your way with workflow automation, document scanning, data protection and backup, offsite storage, certified shredding, litigation support and ediscovery, and more.
Where they're located: Columbus, Ohio, USA
6. Texas Storage Investors
Texas Storage Investors is your resource for buying and selling boat, RV and self-storage facilities. Call us at 936-520-2721 to discuss your investments needs.
Where they're located: Irving, Texas, USA
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings