How to Start My Own Mini-Storage Business

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Mini-storage units are popular among people who are moving, who have just moved, or who have items that they want to store while waiting for a relative or friend to take possession of them. Proper planning will help you start and build a successful business, as you determine your location and other needs such as insurance and financing. This article will help you learn the steps necessary to start your own mini-storage business.

Things You'll Need

  • Storage units
  • Office equipment
  • Safe
  • Security fence

Consult with your local small business center to get counseling and advice on starting your own business. The small business center will also help you write a business plan, which you will need as a guide and to secure financing. The small business counselor will also help you determine what kind of insurance you will need and how much, as well as what kind of licenses or permits you will need for your new business.

Determine where your mini-storage business will be located and secure a site. Ideally, the site should already be equipped with storage units from a previous business. If not, however, you will need to make sure you have enough room on the property to install storage units.

Install a security fence around the storage units. The fence should have a gate that is controlled by a keypad system. Only those renting the storage units will have the code for the security system. Change the code every month to keep previous renters from entering the facility.

Set up an office just outside the security fence. Determine your office hours and either staff it yourself or hire a reliable and trustworthy assistant to help out. The office should have the rules and regulations of renting a storage unit clearly posted and be equipped with a safe for deposits and rental fees that are paid in cash.

Promote your mini-storage business through movers and realtors. Often someone will need to store items after moving to a smaller home or just before moving to another location.

Tips & Warnings

  • Keep your mini-storage facility well lit at all hours, so that your renters feel safe opening their units anytime of the day or night.
  • Accept only cash or credit cards. Returned checks may be difficult to collect on, especially if your renter has moved.

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