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.

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UK Self-Storage Operator Lok'nStore Sells Document-Storage Business to Iron Mountain

Feb 05, 2019

Lok’nStore Group PLC, which operates 26 self-storage facilities in the United Kingdom, has sold its document-storage business, Saracen Datastore Ltd., to competitor Iron Mountain UK PLC for £7.6 million. Lok’nStore intends to use the funds from...

Valet Self-Storage Operator Clutter Poised to Receive Up to $250M Investment

Feb 05, 2019

Valet self-storage operator Clutter is poised to receive up to $250 million in an upcoming round of investment led by SoftBank Corp., a Japan-based holding company that has infused capital into other U.S. technology companies including DoorDash...

Driving Self-Storage Add-On Revenue With Vehicle Storage: Pros and Cons

Jan 26, 2019

Vehicle storage can be a great addition to a new or existing self-storage facility, but it isn’t right for every location. Here are some pros and cons to help you decide if it’s a good fit.

Valet Self-Storage Startup BinSwap Launches in Chicago

Jan 25, 2019

BinSwap, a startup business specializing in valet self-storage, has launched service in more than 45 neighborhoods across Greater Chicago. The company uses an online platform that allows customers to schedule item pickup, maintain a visual catalog...

Valet Self-Storage Operator Livible Expands Service to San Francisco

Jan 24, 2019

Livible Inc., a Seattle-based business specializing in valet-style self-storage, has expanded service to San Francisco. Pickup and delivery are available to business and residential customers within the city as well as the East Bay and Marin...

Store Valet-Storage Center Opens in NYC

Jan 16, 2019

A new valet self-storage center called Store has opened on the Upper East Side of New York City (NYC). Owned and operated by Box Dock LLC, the business allows customers to bring their items to its location at 1290 3rd Ave. or schedule pickup at...

Dymon Storage Continues Toronto Self-Storage Expansion Plan

Jan 14, 2019

Update 1/14/19 – Dymon Storage has proposed a mixed-use development featuring self-storage, office and retail space for 850 York Mills in Toronto. The nine-story structure would comprise 32,899 square meters of self-storage largely surrounded...

The Synergy Between Self-Storage and Truck Rentals

Jan 12, 2019

As a profit center for self-storage, truck rentals can be easy to implement. Here are some benefits of providing this service as well as a summary of business requirements.

Selling Boxes to Self-Storage Customers Isn’t a One-Size-Fits-All Approach

Jan 11, 2019

When it comes to your retail-sales center, not all boxes are created equal. Here are seven types that are ideal for moving and self-storage use. Knowing how to sell their features and benefits to tenants will improve your facility’s bottom line.

Making Self-Storage Add-On Profit From Propane Sales

Jan 06, 2019

If you’re looking to diversify the services you offer at your self-storage facility, consider propane sales. Here’s some first-hand insight from a facility manager who can vouch that it’s a revenue generator.