4 Storage Facility Success Stories [2022]

4 Storage Facility Success Stories [2022]
Start A Storage Facility

Storage space is a high profitable business with a low-overhead cost. By starting a storage space business, you provide secure space for residential and commercial customers. Demand for storage space has been and is still experiencing meteoric growth.

According to a report, self-storage facilities generate a profit margin of 41%.

Apart from the main business of renting out storage space, self-storage facilities make money by selling locks, cardboard boxes, packing supplies, insurance, and other products. Pros of starting a storage space business include:

  • Great profit potential
  • Growing demand
  • Low overhead compared to other businesses
  • Requires minimal management
  • Maximize profits by offering lucrative add-on products and services.

Here are some real life success stories of starting a storage facility :

1. Velocity International Group ($1.8M/year)

Ben Elizer (from Nashville, TN, USA) started Velocity International Group about 7 years ago.

Revenue
$150K / month
Team
1 founders / 17 employees

Case Study

My name is Ben Elizer, and I am the Founder and President of Velocity International Group, a full-scale logistics company, offering SameDay delivery, Expediting, Distribution, Fulfillment, andmany Warehousing Services. We offer to consult and some other services as well to help our customers succeed in an ultra-competitive environment. Velocity started with 2 vans and many faces to face conversations. We now have 10+ vehicles, including trucks, and have grown to 25k+ square feet of warehouse space as well to best serve our customers.

Over the past 2 years, our revenue has grown over 300%, which has completely contributed to the great people and culture we have at Velocity. After having to move out of my apartment (because I put everything financially I had into this company), and move back into my mom’s house in my mid 20’s, it was difficult, but just 6 months later we had our first small office and warehouse space. I’m fortunate I had a support system to move back into, or else Velocity might not be here today. The business has grown ever since because of hard work, trust, and relationships. We focus on what is important.

how-i-started-a-100k-month-logistics-and-delivery-service-company

2. List Self Storage

  • Business rank: #723K

Check out their full website ➜

3. Fireproof Records

Fireproof makes sure your information is always in your hands and never in your way with workflow automation, document scanning, data protection and backup, offsite storage, certified shredding, litigation support and ediscovery, and more.

  • Business rank: #2.28M

Check out their full website ➜

4. Texas Storage Investors

Texas Storage Investors is your resource for buying and selling boat, RV and self-storage facilities. Call us at 936-520-2721 to discuss your investments needs.

  • Business rank: #2.32M

Check out their full website ➜

Pat Walls,  Founder of Starter Story
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