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Profit Centers

Self-storage facilities that offer products and services beyond basic storage units will attract a broader range of clientele. Providing these ancillaries will also help the business generate new revenue.

Doorage to Acquire Valet Self-Storage Operator On Demand Storage; Add 2 Home Markets

Jan 21, 2022

Doorage, which provides valet-style self-storage services in Chicago as well as Madison and Milwaukee, Wis., has agreed to acquire Boston-based valet-storage operator On Demand Storage. The deal is expected to close in the second quarter. In...

Thirsty for More Profit? Advice for Designing Wine Storage as Part of Your Self-Storage Facility

Jan 21, 2022

Wine storage is becoming increasingly popular as an addition to self-storage facilities, but unlike some other ancillaries, it requires extremely careful planning. The customer base for this niche is very discerning. Here’s advice to help you...

Generating Additional Self-Storage Revenue Though the Rental of Flex Workspace

Jan 06, 2022

Flex workspace is being offered by some self-storage operators as they seek creative ways to capture more rentals. It can be convenient for remote workers, small-business owners and startups, artists … anyone who needs a place to do business. Read...

Choosing Add-On Profit Centers to Complement Your Core Self-Storage Business

Dec 16, 2021

Add-on products and services are becoming more common in the self-storage industry, but few operators go beyond the basics, like moving and packing supplies. There’s so much more you can offer! Get ideas for choosing business complements that’ll...

RedBox of Hong Kong Introduces Fire-Safe Self-Storage Units

Dec 09, 2021

RedBox Storage Ltd., which operates five self-storage facilities in Hong Kong, has introduced a fire-safe storage solution called Fire Box. The self-contained unit is fire-resistant for 30 minutes and can withstand temperatures up to 1,000 degrees...

How Vehicle Storage Might Help Your Desired Self-Storage Investment ‘Pencil Out,’ Even in a Crowded Market

Nov 24, 2021

It can be difficult these days for self-storage investors to find markets with room for more supply, but that doesn’t mean there aren’t potentially lucrative deals to be had. In fact, adding a niche product or service like vehicle storage can help...

Leasing Property to a Cell-Tower Provider: A Self-Storage Owner’s Guide

Nov 12, 2021

The cellular industry is in a race to get 5G infrastructure in place, and it needs to install tens of thousands of more cell towers. This creates possibilities for self-storage owners, who can generate revenue by leasing out part of their property...

Madison Capital Group Launches BlueGate Boat/RV Self-Storage Brand

Oct 28, 2021

Madison Capital Group LLC, which operates the Go Store It self-storage brand and specializes in converting large retail spaces into multi-family housing and storage space, has launched BlueGate Boat and RV Storage. The affiliate venture will focus...

Acorn Mini Storage Launches Art-Storage Facility in Minneapolis

Aug 25, 2021

Acorn Mini Storage, a Minnesota-based self-storage operator, has opened A2 Art Storage & Services, a museum-grade, climate-controlled facility designed specifically to store precious art. The 35,000-square-foot property is in a suburb of...

Increase Your Self-Storage Market Reach and Revenue Through a Rental-Truck Program

Aug 14, 2021

If your self-storage facility has one or more branded rental trucks, you have a golden opportunity to reach more prospects. Find out how you can use your vehicles to grab more attention and generate additional revenue.