7 Luggage Storage Business Success Stories [2024]
Here are some real life success stories of starting a luggage storage business:
1. LuggageHero ($1.2M/year)
Jannik Lawaetz, the CEO and Co-Founder of LuggageHero, came up with the idea for his business after experiencing the inconvenience of dragging his luggage around while traveling. His lightbulb moment came when he was stranded outside an Airbnb apartment with his luggage and had to convince a local shop owner to store his bags. Since then, LuggageHero has grown to over 40 locations in major cities across Europe and North America, offering travelers a convenient network of short-term luggage storage options.
How much they make: $1.2M/year
How much did it cost to start: $10K
Current team size: 12
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.
2. BagsAway Luggage Storage ($780K/year)
BagsAway Luggage Storage was founded by a software engineer who experienced the inconvenience of luggage while traveling. Recognizing the need for a solution, they pivoted their business from a pick-up and delivery service to a marketplace that connects travelers with on-demand bag storage locations. Since then, they have stored over 150,000 bags and expanded to over 50+ cities worldwide.
How much they make: $780K/year
Current team size: 2
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.
So... can you actually make money with a luggage storage business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. Bounce ($300K/year)
Cody Candee, the CEO and co-founder of Bounce, came up with the idea for his business after experiencing the problem of carrying luggage while traveling and the inconvenience it caused. He wanted to create a solution that would allow people to store their belongings easily and eliminate the burden of carrying them around. After sitting on the idea for three years, Cody launched Bounce with his co-founder Aleks in 2017, and the business quickly gained traction, reaching over $100k of annualized revenue within the first 7 months.
How much they make: $300K/year
Current team size: 1
Bounce CEO Cody Candee shares his experience co-founding a successful short-term storage marketplace which generated over $100k in annualized revenue within the first seven months of operation, expanding to new cities and offering more options such as delivery.
4. Cubby Inc ($24K/year)
turn out to be a game-changer. Listening to feedback and constantly improving based on customer needs is crucial for the success of any business. Trusting your instincts and having the courage to take action is also key.
How much they make: $24K/year
Current team size: 1
Cubby is an online luggage storage marketplace that launched in July 2019, storing 700+ bags and expanding to 10 cities in the US, with plans to be in major cities across the country by the end of the year.
So... can you actually make money with a luggage storage business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
