Business Idea: Start A Self Storage Business in 2024

Pat Walls

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Updated: November 29th, 2024

Monthly Revenue

$200K

Market Size

$4.26B

Market Size

$4.26B

Market Size

$4.26B

Looking for a business idea with steady demand and low operating costs? Consider starting a self-storage business. At its core, this venture involves renting out storage units to individuals and businesses that need extra space for their belongings.

This concept is appealing due to the consistent need for storage solutions, fueled by life events like moving or downsizing. With relatively straightforward management, you can focus on customer service and maintenance. The key challenge is securing a suitable property and ensuring it is secure and easily accessible.

A self-storage business can generate ongoing revenue with minimal supervision. Given the scalability and low labor costs, it is a solid business idea for those seeking a reliable income stream.

Examples Of Successful Self Storage Businesses

Successful self storage business businesses and case studies

How I Scaled My Modern "Boring" Business To $2.4M Per Year

Using technology and automation, Iron Storage scaled to 25 facilities with over 3,000 units and $225,000 monthly revenue, all while operating with zero onsite employees.

$200K Monthly Revenue

$100K Startup Costs

Read by 3,645 founders

See full list of successful self storage businesses.

Examples Of Successful Self Storage Businesses

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