I want to invest in a business. Mini self storage business looks lucrative to me. I dont know much about the business or dont know any one in that business.
I want to know...
- Average Return on investment
-Pros-Cons of storage business
- Is it a good business to invest in?
Jul 29th, 2012 11:34 AM #1
- Join Date
- Dec 27th, 2006
Anyone in Mini-Self storage business?
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Jul 29th, 2012 12:58 PM #2
I guess you been watching alot of storage realities lately?
Jul 29th, 2012 02:08 PM #3
yes, you are too? lol
Jul 29th, 2012 02:53 PM #4
There are like 5 shows going on right now, kinda hard to miss. If you go around town you will notice there are quite a few storage facilities.
Jul 29th, 2012 04:03 PM #5
yes, I am interested in buying existing one..
Jul 29th, 2012 08:06 PM #6
Jul 30th, 2012 03:53 PM #7
- Join Date
- Jan 26th, 2010
From what I've heard self-storage used to be a lucrative idea going back 3-5 years, but now there's too many of them that've popped up so competition is becoming stiffer. But then again with all these Condo units being built with the little storage options they offer, maybe things will change again shortly.
Jul 31st, 2012 01:51 PM #8
Thanks for input.
I am looking into existing one for sale. Any one works at self storage or owns self storage?