In the market to be served by Westbury Storage the average storage rate see section on Competitive Comparison is more than double this amount. We critically looked into our business model and we were able to identify two major weakness.
A 9X9 unit on the second floor also rents for this same amount only because there is no elevator. Returns on investment have been very impressive—often twice that of other forms of real estate investment. E-Z Mini Storage in S.
Company Ownership The company will be incorporated as an S Corporation, and will be owned by three individuals: The building is heated by oil.
Defines job positions for recruitment and managing interviewing process Carries out staff induction for new team members Responsible for training, evaluation and assessment of employees Responsible for arranging travel, meetings and appointments Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Target Market Segment Strategy Since the demand for local self-storage services substantially exceeds the local supply, Westbury Storage will simultaneously market its services to the two major customer segments—residential customers and small business customers.
To have good connections in the moving industry to direct customers needing temporary storage space. Washington Storage in Westbury is a typical example. Market Segmentation Self-storage units are needed by residential customers for storage of personal items as well as by commercial customers for storage of stock.
As stated above, these are mostly small businesses. The owners are experienced in the moving and storage field, owning a well-established moving company Stote Movers and a successful self-storage facility in nearby Plainview Plainview Storage. Responsible for financial forecasting and risks analysis.
One is the fact that we are a new business and the second is the fact that we may not have the financial resources required to match up with existing and well established self — storage and warehouse facility rental companies when it comes to acquiring large facilities in choice areas.
Also, it should be noted that expenditures for building maintenance would need to be larger if the building were being used for offices rather than storage. The industry has doubled in size each decade.
Residential customers use self-storage facilities to temporarily store their property while moving to a new location. Either the facility was full or only had one or two available units to chose from.Here below is a sample business plan template of a self-storage business plan; A Sample Self Storage Unit Business Plan Template.
Business Overview; Self – storage units are mini storage spaces created for people to store their belongings for a short period of time, i.e. on a monthly basis and it is subject to renewal.
This is a free sample business plan for Self-Storage. To see more business plan examples, business plan software, and other business planning tools visit ultimedescente.com Plan and present your business ideas with our free and easy Business Plan ultimedescente.comd Legal Forms · Preview Your Document · Live Help, Chat, PhoneTypes: Professional Services, Retail, Agriculture, Construction, Technical Services.
Create a Business Plan in minutes using a step-by-step template. Self-Storage Business Plan Executive Summary This storage business plan describes a proposed self-storage facility to be established in Westbury, New York involving the conversion of an existing building.
Westbury Storage, Inc. self-storage business plan strategy and implementation summary. Westbury Storage will be a self-storage facility located in Westbury, New York/5(27).Download