Luggage Storage Business

Business Idea: Start A Luggage Storage Business in 2024

Updated: July 7th, 2024

Avg Monthly Revenue
$48K
Avg Startup Costs
$23.7K
Score
74
Avg Revenue
Min Revenue
$2K/month
Max Revenue
$100K/month
Avg Days To Build
days

Short on space but big on travel? A luggage storage business addresses the perennial problem of tourists needing a safe place to store their bags while they explore their destinations.

In simple terms, a luggage storage service offers secure, short-term storage solutions for travelers' belongings. Customers can drop off their bags and head off bag-free to enjoy their activities.

The appeal of this idea lies in its low start-up costs and high convenience factor. Many travelers would gladly pay a fee to avoid lugging heavy bags around. By partnering with local businesses like cafes and hotels, you can minimize overhead costs and ensure a steady flow of customers.

Consider this: with the growing trend of remote work and digital nomadism, the demand for flexible travel solutions, including luggage storage, is only set to rise. Starting a luggage storage business isn't just about providing a service; it's about meeting an essential need within the bustling travel industry.

Revenue & Profitability

How much do luggage storage businesses make?

Examples Of Successful Luggage Storage Businesses

Successful luggage storage business businesses and case studies

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 9,769 founders

BagsAway Luggage Storage is a worldwide marketplace that connects travelers and locals with convenient, secure, on-demand storage locations across key cities; they have stored over 150k bags for travelers thus far, have expanded to 50+ cities and plan to expand worldwide with new funding and members joining in.

$65K Monthly Revenue
Read by 9,511 founders

See full list of successful luggage storage businesses.