Storage Locker Business

Business Idea: Start A Storage Locker Business in 2024

Pat Walls

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Updated: October 2nd, 2024

Avg Monthly Revenue

$53K

Avg Startup Costs

$25.9K

Score

Avg Revenue

$53K/month

Min Revenue

$25K/month

Max Revenue

$100K/month

Avg Revenue

$53K/month

Min Revenue

$25K/month

Max Revenue

$100K/month

Need a straightforward business with consistent demand? Consider starting a storage locker business.

In simple terms, this involves renting out secure storage spaces to individuals and businesses in need of extra room. From storing personal items during a move to housing business inventory, the use cases are varied, ensuring a steady stream of clientele.

This venture requires careful selection of location, sufficient security measures, and efficient management practices. You'll need to invest in property, construction or renovation of storage units, and marketing efforts to attract tenants.

Despite the initial investment, the recurring revenue from long-term renters can provide a stable income. If you're interested in a tangible, location-based business that meets a persistent need, the storage locker business is worth exploring. Consider it a reliable way to build an enduring enterprise.

Revenue & Profitability

How much do storage locker businesses make?

On average, successful storage locker businesses report $636K/year in revenue.

Startup Costs

How much does it cost to start a storage locker business?

It can cost as low as $9,999 to start a storage locker business.
It can cost as high as $75,000 to start a storage locker business.

Learn more about the costs of a storage locker business.

Examples Of Successful Storage Locker Businesses

Successful storage locker business businesses and case studies

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.

$100K Monthly Revenue

$10K Startup Costs

Read by 9,974 founders

Growing A Lockers On Wheels Business to $34k/mo

The Mobile Locker Co is an onsite storage solution for events, which has grown from two to five vehicles in five regions, and experienced year over year revenue doubling for the past two fiscal years while utilizing an e-commerce strategy for selling locker rental sales.

$34K Monthly Revenue

$75K Startup Costs

Read by 11,204 founders