 |
Retirement
&
Lifestyle
 Statistically, 80% of all self-storage faciltities are Mom and Pop operations. In other words, it’s a small business venture. Sure, 20% of the business is owned by the big boys, but they are definitely in the minority. Self-storage owners are motivated to get into the business for different reasons, but there are certain factors that are common among most:
- If you have spent your life working for someone else, it’s an opportunity to own and operate your own business – to be self-employed.
- Since you will own the business, it gives you a degree of financial freedom. You’re the boss and you control the finances.
- You have the choice of operating the business yourself or treat it as an investment.
- It’s an opportuntity to own a business with family or friends, e.g., father and son, father and daughter, brothers, sisters, or partner with friends.
- Many owners treat it as a supplementary business that generates additional income.
- Because self-storage isn’t labor intensive, some look at self-storage as a business they can operate after retirement.
- It’s a business that’s steady even during tough economic times.
Watch our Video Presentation on the Self-Storage Industry >>
Return
On
Investment
 Sometime during the process of deciding whether you want to commit to the business or not, you’re probably wondering what kind of income you can expect from your investment. Here’s the good news. Once your financing is approved, and your project is going to be a reality, you can expect a return on investment that exceeds normal real estate return. In fact, a few years ago, Wall Street investors discovered the business just because it had such a good ROI. It serves as an opportunity to invest in a thriving business that doesn’t require hands-on attention. An investor can be an absentee owner, so long as he/she does up front due diligence, plans well and finds a good manager or management firm to run the day-to-day operation.
As far as cash flow is concerned, it usually takes 1 to 3 years before you can expect positive cash flow. What do you do in the interim? Make sure you have included in your budget anticipated operating expenses during the lease-up period until you reach positive cash flow status.
Self Storage Building Home Page |
Self Storage Building Boot Camp |
Self Storage Building Financing |
Self Storage Building Joint Ventures |
Self Storage Building Newsletters |
Self Storage Real Estate |
Self Storage Building Seminars |
Self Storage Building Services |
Self Storage Building Site Plan Development |
Self Storage Building Warranties |
Self Storage Buildings for Boats and RVs |
Self Storage Building Components |
Self Storage Building Roll-Up Doors |
General Purpose Self Storage Buildings |
Self Storage Building Panels |
Portable Self Storage Building |
Self Storage Building Trim |
Self Storage Business Seminars |
About Self Storage Building Manufacturer - BETCO |
Contacting Self Storage Building Manufacturer - BETCO |
The BETCO Storage Building Advantage |
Why Self Storage Buildings |
Why Self Storage Building Manufacturer - BETCO
|
|
|
|
