Clough Rd ... 2 Years In 🧐

GM Store Nation

Again a busy day yesterday … Especially considering its Jan

Yesterdays Stats …

WILLERBY:

BEVERLEY:

CLOUGH ROAD: 

WREXHAM: 

MANSFIELD: 

• 4 Reservations

• 5 Move Ins

• 2 Move Outs

Lets … Do … This …

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

🤐 A Self Storage Tip - “Its Clough Rds 2nd Birthday”

🤝 3 Self Storage News Stories

🧐 Yesterday’s figures for each facility

🥸 1 Meme of the day

Self Storage Tip - 💡 💰 🤑

My Clough Road Site 2 Years On

It’s Clough Roads 2 Year Birthday Today …. Whooopppp Whoopppp!!!

So I thought I’d take the opportunity to look back at the projections I made and see how the site is performing now 👀

Here’s the headlines after 24 months

SQ FT

Projected Sq Ft Occupied - 14,025

Actual Sq Ft Occupied - 12,205 

Difference - Minus 1,820 ❌

Conclusion - We did hit 14,000 Sq Ft Occupied in November … But had a really bad last 6 weeks of the year 

The area was more competitive than I expected 

REVENUE 

Projected Revenue - £26,881

Actual Revenue - £27,726

Difference - Plus £845 ✅

Unbelievably close to what we projected  

NET PROFIT 

Projected Profit - £12,457

Actual Profit - £13,213

Difference - Plus £756 ✅

This is a tough one to work out at the minute as a lot of the costs are swallowed up by our head office costs … But I’ve done my best to be as accurate as possible (We’re in the process of making each site its own company and completely separating the costs) 

IMPORTANT TO NOTE … This isn’t taking into consideration the repayment of the loans … So it looks good on paper but that’s not what are cash flowing each month. 

CONCLUSION 

It’s a very competitive area and I think that I underestimated that fact if I’m totally honest with myself 

Clough Rd was our first manless site, and whilst there’s been teething problems it’s been a massive success on that front!

The backend of 2023 was a bit of a blood bath for us and had an impact on revenue and Sq Ft

The site is netting around £160k per year and I expect this to hit around £300k net profit in the next couple of years

Overall it’s a very good site, great location and I can only see the site improving

Industry News -  🧐

• 7 Reasons People Use a Self-Storage Unit

• Ways to Strategically and Effectively Manage (Increase) Your Self-Storage Rental Rates

• Big Yellow occupancy dips but revenue rises

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

Willerby (Hull) My big site -

• 0 Reservations

• 0 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 340 Sq Ft

Reservations so far this week = 0

Move Ins so far this week = 0

Clough Rd Figures .... The Automated Site

• 1 Reservations

• 1 Move Ins

• 2 Move outs

Month to Date -

• PLUS 315 Sq Ft

Reservations so far this week = 1

Move Ins so far this week = 1

Beverley … My Baby (First site)

• 0 Reservation

• 1 Move Ins

• 0 Move Outs

Month to Date -

• 50 Sq Ft

Reservations so far this week = 0

Move Ins so far this week = 1

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

• 1 Reservation

• 1 Move Ins

• 0 Move Outs

Month to Date -

• MINUS 25 Sq Ft

Reservations so far this week = 1

Move Ins so far this week = 1

Mansfield Figures - My New Site

• 2 Reservation

• 2 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 1330…. WHOOOPPPPPP!

Reservations so far this week = 2

Move Ins so far this week = 2

Meme / GIF of the day - 👀 😂 

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

Weekly goals -

• Gym - 3 times

• Run - 30 k

• Boxing - 0

Results so far -

• Gym - 0

• Run - 5k … Got a Peloton now 😛

• Boxing - 0

Yesterday’s Steps - 18,340

Loads of self storage love,

Dean ❤️ 🙃