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This storage business plan describes a proposed self-storage facility to be established in Westbury, New York involving the conversion of an existing building. After achieving experience and success in their present self-storage facility in Plainview, New York the principals of this proposed project plan to take advantage of the strong demand in the self-storage industry to achieve a major presence in Westbury. The mission of the principals is to serve the Long Island community's local residential and commercial storage and moving needs. To have good connections in the moving industry to direct customers needing temporary storage space. It is estimated that, with purchase of the building taking place in June of this year, the conversion into storage units could be completed and ready for occupancy by the end of the year. The company will be incorporated as an S Corporation, and will be owned by three individuals: Roger Black, Sebastian Stote and Daley Thompson.
Advertising and promotion will rely heavily ads in the Yellow Pages, as well as initial local newspaper ads at the time of opening. Building maintenance is normally a very substantial item on a building of this size built in 1910.
Westbury Municipal Light's bills totalled ?13,714 last year when the present tenant was operating production with full staffing.
Insurance:Property and Liability Insurance amounted to ?15,000 annually for the present tenant.
Lucas Mini-Storage steel buildings can be custom designed to meet the unit mix design that will bring the most return on your mini-storage investment. To enlarge each design just simply click on the self storage building plans images below to activate the unit slideshow. If you've been thinking of getting into the self-storage business, here are 5 tips on how to start a self-storage business. You've decided to store some items for some time, found a unit and have packed them away and ready to go. Years ago I went through some tough times, and as a result I had to move out of my house on pretty short notice. Growing up in Williamsville, Eric Jordan Young looked up to Sammy Davis Jr., the entertainer who rose to greatness in a world that was mostly white. Total project costs are estimated at ?1,054,487 including purchase price, conversion costs, and pre-opening expenses (see section on Start-up Summary).
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).

Demand for the units is strong, as evidenced by the market survey of existing self-storage facilities. However, the roof has been completely redone fairly recently and the basic structure of the building is very robust. As a self-storage facility electricity is needed only to power the rows of low-draw tube lighting.
Since as a self-storage facility the level of heating does not need to be nearly as high, we estimate an annual bill of half this amount, or ?7,000. Below is a Lucas Mini-Storage unit mix legend that will provide you with a color description for each unit.
For more information on mini storage floor plan design options, general information on self-storage steel buildings, or a free self storage kit price quote on the Lucas Mini-Storage steel buildings give our Lucas Mini-Storage Building Experts a call, 866-689-8904. When you launch into your own self-storage business, it gives you the chance to not just be your own boss but also to find out just what kind of salary you can earn on the basis of your profits. Before putting things into the unit itself you may want to organize the space so that you will have easy access to whatever you need, whenever you need it. Finding a place to rent with two kids, three dogs and a cat was a challenge, but I didn't realize the biggest challenge was yet to come, I wish I had these self storage tips to follow.
Just click on the different size units below for helpful tips on how to size up your storage needs. Based on current and projected strong demand for self-storage units, rental revenue is projected to grow rapidly as units fill up from the first year's target of ?320,000 to ?684,000 by year three.
Goals have been set to rent 50% of the proposed 300 unit spaces within the first six months of Year 1.
The building to be purchased for this project is a large brick building originally constructed as a bleachers around 1910.
Bank financing for 70% of the project costs is expected with the remainder supplied by shareholder equity. Roger Black and Sebastian Stote are 50-50 owners of Plainview Storage which is a 110 unit self-storage facility converted in 1993 from a former piano factory.
The ads in the local papers (Springfield News and community newspapers) are estimated to cost ?300 monthly for the first year only. The start-up costs reflect adequate amounts to ready the building for opening in good order. Therefore you can tell what units the company has in each of the company’s seven self storage floor plan designs below.

An additional 25% will be rented in the second half of Year 1, with the remainder to be filled in Year 2.
This building as well as surrounding buildings, were connected with the now dying leather industry which flourished a few decades ago. They will be reduced in the second year to half this amount and eliminated in the third year. 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.
If you wish to have a different unit mix or size of mini-storage steel building than you see below, just inform our Lucas Mini-Storage Building Experts the exact size and unit mix you desire for your business. A large building of similar size located next door and connected by a walk bridge has already been converted successfully and is operating well. Sebastian Stote is owner of Stote Movers, which is a family business providing residential and commercial moving since 1917. We assume an annual amount for maintenance equal to 5% of the purchase price which works out to ?27,500. The Westbury Storage building contains three floors of heavy-duty wood and steel beam construction ideally suited to the planned purpose of self-storage units. In addition to being the source of many of the rentals at Plainview Storage, Stote Movers has 52 filled 45-foot trailers located in Roslyn-by-the-Sea. All units would be inside the larger building, in contrast to the original proposal for additional external storage units that neighbors strongly opposed. Additional retail development on the parking lot is expected later, but Dash said he and his representatives will consult with neighbors about it at that time.Still, neighbors felt they were not included enough in the process, despite a pledge they said Dash made to present the final plans to them in advance. One of the two elevator shafts will be the home for a new over-sized passenger elevator suitable for transporting storage contents from the ground level to the units on the second and third floors.
And they told Planning Board members that they wanted another opportunity to talk to him and get answers to their questions. A large separate parking lot area comes with the building but will not be needed for this project. This lot could be sold or could be the site of additional future storage units to be set up using one of several one-story steel storage systems.

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Category: Shed Company

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