8 Take Aways From Over 10 Years In The Industry💡

GM From Centre Parcs Store Nation,

The wife is packing the bag for swimming, the kids are playing outside and yours truly is crafting this newsletter …. Today is going to be a GOOOOD DAY!!

So its the end of the month and on balance it was a good month for us 🎯

I would have liked more move ins … I think they are down on what I would expect in May … However the churn rate was low throughout the 4 sites

We ended the month just over 3,000 Sq Ft up 🤩 

Ok on to yesterdays figs ….

Letss do Thiisss ...

Here's what coming your way today :- 😱 😎 🎯

🤐 A Self Storage Tip - My Self Storage Take Aways

🧐 Yesterdays figures for each facility

🤑 My takings so far for 3 of the 4 sites

🥸 1 Meme of the day

Self Storage Tip - 💡 💰 🤑

Take Aways from Over 10 Years in the Self Storage Industry

Lets start 👇

Takeaway 1:

Its a Recurring business module

Customers buy from you more than once ... Often for many years 🕺

Takeaway 2:

The costs are somewhat fixed

Staff

Rent / Mortgage

Rates

Advertising

All pretty much the same if you have 100 customers in your facility or 500

Takeaway 3:

Life time value of a customer is awesome ... People stay far longer than they expect

Netflix sky etc they are easy to cancel … To cancel storage unit you have to physically move your stuff out

Takeaway 4:

You dont have to be an A grade operator to get A grade results

You can be an D grade operator and still get A grade results ... Haha I should know, im doing pretty well 😜 😳 😢

Takeaway 5:

Theres not a lot of moving parts to the business.

The fundamentals are simple ... Its a lot easier to run than most businesses

Takeaway 6:

Technology is disrupting the industry and making self storage easier to manage 😎 This is giving smaller operators an advantage over the big boys

Takeaway 7:

The people are awesome in this industry .... Everyone is willing to help each other out!!

Haha that is honestly true ... Im not just saying it ... Im in it for starters 🤣 🤣

Takeaway 8:

ROI are awesome ... in the end! 🤑

But Cashflow and Capital expenses are horrendous animals 💸

As you know …. I bloody love this industry and what it has to offer! 🥰 

The fun bit - My business .... Bare Butt Naked! 😲 🤫 🤭

Willerby (Hull) My big site -

• 0 Reservations

• 0 Move In's

• 1 Move outs

Month to Date -

• PLUS 1,500 Sq Ft for the month

Reservations so far this week = 2

Move ins so far this week = 3

Clough Rd Figures .... The Automated Site

• 1 Reservations

• 0 Move ins

• 0 Move out

Month to Date -

• PLUS 1050 SQ FT Up for the month so far.

Reservations so far this week = 5

Move ins so far this week = 5

Beverley ... My baby ... My first site! -

• 0 Reservation

• 0 Move in

• 0 Move Out

Month to Date -

• 200 Sq Ft Up for the month

Reservations so far this week = 0

Move ins so far this week = 0

Wrexham's Figures (Indoor) ... My First acquisition

Reservations so far this week = 0

Move ins so far this week = 0

TRUE PERIOD REVENUE (Invoices sent so far this month) 🤑

Beverley -

Willerby -

Wrexham -

Meme of the day - 👀 😂

Health and Fitness ... Move More = Live Longer - 🏋️‍♀️ 🏃

Weekly goals -

• Gym - On my Hols

• Run - 50 K

Results so far -

• Gym - 0 Buuuuttt … I have done 200 press ups haha

• Run - 5k

• Boxing - 0

Yesterdays Steps - 16,279

Loads of self storage love,

Dean ❤️ 🙃