Rv Storage Business Model

For the last few years boat and rv storage has been the driving force behind the growth of the storage industry.

Rv storage business model.

A failure to adjust the business model to strategically address boat rv as a specialty niche market is a surefire way to shortchange what could be a powerful revenue stream. Therefore this model uses national industry averages to represent individual development cost rents and project size. Most mini storage facilities have about 40. With cities nationwide passing ordinances banning rv and boat parking on residential streets and in some areas even a driveway.

Don t confuse rv and boat storage with mini storage they are two different animals the only similarity being the creation of storage space and someone who wants it. There are a variety of self storage development costs in different markets across the country. These laws make it clear that city officials want such large vehicles stored behind gates either in the backyard or a storage facility. The storage of boats and recreational vehicles can be a lucrative business.

For one thing rv and boat storage requires considerably more space than a regular storage operation so your land costs will be increased over what you would need for a. While the price per square foot is less for an rv or boat space the improvements cost less and the tenancy is much more stable. Facility operators who offer boat rv storage either as an ancillary service to self storage or their primary business model should think like specialty retailers. Campers are constantly looking for affordable secure boat rv storage.

Table 1 is a financial model of a typical self storage development explaining the bottom line of such an investment. Starting your own business in this niche can be a profitable venture. Rv and boat storage makes a great add on to a thriving storage business but it can stand alone as a smart business venture if you go into it with your eyes wide open. I was and still am originally interested in building or purchasing an existing boat and rv storage business.

But even though you have primary responsibility for drafting a business plan for your rv and camper storage business you aren t entirely alone. I realize that this is a business and is not 100 hands off but i am willing to put in the work to make this happen. The first step is to choose a location. It remains one of the top searched topics for new developers looking to get into the storage business.

Get insured and draft a contract for your customers. As markets saturate some self storage developers are turning their attention to the possibility of building or adding boat rv storage. Next obtain the necessary permits and licenses. Learn the advantages of this business model and guiding principles for creating a successful site.