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Sample Business Plans -> Self-Storage Facility

"Self-Storage Facility" Business Plan:

1.0 Executive Summary
1.1 Objectives
1.2 Mission
1.3 Keys to Success
2.0 Company Summary
3.0 Products
4.0 Market Analysis Summary
5.0 Strategy and Implementation Summary
6.0 Management Summary
7.0 Financial Plan

 

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Business Ideas applicable for this business plan:

Warehousing, customs clearance and transportation in Moscow

 

This business plan was originally published
by Palo Alto Software, Inc. All rights reserved.

1.0 Executive Summary

This business plan describes a proposed self-storage facility to be established in Westbury, New Yorkinvolving the conversion of an existing building. Total project costs are estimated at $1,054,487 including purchase price, conversion costs, and pre-opening expenses (see section onStart-up Summary). 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. After tax profits will grow sharply from $55,000 in the first year to $288,000 in the third year.

Highlights

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1.1 Objectives

After achieving experience and success in their present self-storage facility in Plainview, New Yorkthe 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 ownership connection with Stote Moving will assist in gaining full occupancy quickly. Goals have been set to rent 50% of the proposed 300 unit spaces within the firstsix months of 1999. An additional 25% will be rented in the second half of 1999, with the remainder to be filled in 2000.

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1.2 Mission

Today's environment presents the consumer with an array of choices. Adorable Pet Photography strives to be the best choice for the client. Providing high quality portraits, competitive pricing, and excellent customer service is our hallmark. Pet photography, even in a strong economy, is a luxury; therefore, our customers will receive a portrait that captures not only the beauty of their pet, but also the personality. This will be achieved through client interviews and patiently spending time with each pet to make them comfortable in the setting chosen by the owner. At Adorable Pet Photography, we view pets as members of the family. Through consistent, high-quality results we are committed to providing each client with value and satisfaction.

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1.3 Keys to Success

The keys to success in the self-storage business are:

  • To provide dry, secure, and clean facilities with convenient access.
  • To have good connections in the moving industry to direct customers needing temporary storage space.
  • To be able to adapt as storage and market needs change.

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