My Cash On Cash Return For My New Site 💰

Goood Day Store Fam..A..Lam

Cant wait for you to read todays storage tip section ….

I map out the cash on cash return for the new site

On to the newsletter ….

• 8 Reservations

• 1 Move Ins

• 2 Move Outs

Lets … Do … This …

Here's what's coming your way today 😎🎯

🤐 A Self Storage Tip - “You Don’t Have To Be A Multi-Millionaire To Open A Self Storage”

🤝 3 Self Storage News Stories

🧐 Yesterday’s figures for each facility

🥸 1 Meme of the day

Self Storage Tip💡 💰

So yesterday I spoke about our 7th site that’s under Heads Of Terms

Today I am going to speak about the money that goes in to opening a self storage site

The Capital Expenses (set up costs), Asset Repayments, Mortgage Repayments, Basically every cost

Why I am doing this … Because I don’t think people talk about money enough

I think people are held back from opening a self storage site because of money BUT I want to show you it doesn’t cost the earth 🌍

I wish there was content available like this when I was starting up … It would certainly of stopped me making some silly mistakes 🤪

I am going to be purposely a little vague with the amounts … I don’t want someone to find out where the site is and beat me to the punch …

I know you awesome people wouldn’t do that 🤪

Right, so let’s start with the Cap Ex costs -

• Planning

• Signs

• Grounds Work

• Planning

• Solicitor Fees

• Utilities

• CCTV

• Lights

• Access System

Total = £45k (You can asset finance a chunk of this if you needed to)

Right, on to the projections -

Below are my fixed costs

• Mortgage

• Rates

• Utilities

• Adds

Repayments of asset finance (We will be buying containers 10 at a time and then we don’t have to make a payment for 4 months)

Total - £10k Per Month

It will take us 10 months to be cashflow positive according to our projections (we will beat these though I’m sure)

Our total negative cashflow for those 9 months will be £28k

Our total cash outlay will be £73k

The site will cashflow around £25k in the early years (Like I said I think we will beat this)

So that’s a 34% cash on cash return ….

Not going to get me rich but that does include paying off the mortgage and containers

And not to mention the capital appreciation as well …

Because it’s an Op Co Prop Co the value will increase. 📈

I can then leverage that appreciation for other sites

So that’s it in a nutshell …

Remember you don’t have to be a multi-millionaire to open a self storage

Want me to teach you how to open a self storage facility??

I have a course

(Look at that smooth transition, I’m becoming a pro 😂)

I actually just received this message from someone who has bought the course -

“Your course was a bargain! Thank you!”

Join the Self Storage Secrets 3.0 waiting list here

Industry News🧐

• Major Marketing Moves: Is Your Self-Storage Business Prepared to Survive the Loss of Third-Party Cookies?

• Why and How to Leverage Outsourcing for Your Self-Storage Business

• Extra Space Storage Celebrates 20 Years as a Publicly Traded Company

The Fun Bit - My Business .... Bare Butt Naked! 😲🤫🤭

Yesterday’s Results -

Willerby (Hull) … My Big Site

• 3 Reservations

• 1 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 160 Sq Ft

Reservations so far this week = 4

Move Ins so far this week = 2

Clough Rd Figures ... The Automated Site

• 4 Reservations

• 0 Move Ins

• 2 Move outs

Month to Date -

• MINUS 1390 Sq Ft

Reservations so far this week = 4

Move Ins so far this week = 0

Beverley … My Baby (First Site)

• 0 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 90 Sq Ft

Reservations so far this week = 0

Move Ins so far this week = 1

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

• 0 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• MINUS 315 Sq Ft

Reservations so far this week = 0

Move Ins so far this week = 0

Mansfield Figures

• 0 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 735 Sq Ft

Reservations so far this week = 1

Move Ins so far this week = 0

Glasgow

• 1 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 640 Sq Ft

Reservations so far this week = 1

Move Ins so far this week = 0

Meme / GIF of the day -👀😂

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

Weekly goals -

• Gym - 2 times

• Run - 40 miles

• Boxing - 0

Results so far -

• Gym - 0

• Run - 5 Miles

• Boxing - 0

Yesterday’s Steps - 14,192

Loads of self storage love,

Dean ❤️ 🙃