Clough Rd - My actual costs 😳

GM Store Nation,

Howdy from Devon … I finally got in the outside pool yesterday … It was freezing and the sun seemed to be hiding from us 🥶 But we are having an awesome time nevertheless 👏

Its been a pretty good start to the week … 4 reservations and 5 move ins. Can’t be bad ..

Right lets dive in

Lets … Do … This …

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

🤐 A Self Storage Tip - Clough Rd .. My actual costs

🤝 3 Self Storage News Stories

🧐 Yesterdays figures for each facility

🥸 1 Meme of the day

Self Storage Tip - 💡 💰 🤑

I get a lot of questions about my 1st manless facility - Clough Rd

Most of the questions are regarding finance and where the money came from

In todays newsletter im going to give you the full breakdown for -

• Financing

• Fixed Costs

• Revenue

We’ve been open now for 19 months and im over the moon to say Clough Rd is fully paying itself 🥳

Heres the details -

Clough Rd Financial Repayments -

• £4,228 Chamber Acorn

• £1,879 Propel Finance

• £915 Novuna

• £1,234 Arkle

• £1,580 Novuna

• £1,059 Hampshire Finace

£10,895 Finance Total

I know what your thinking …. That’s a shit ton of debt 😱 and your right …

The site was just about built solely on debt 🥸

Fixed Costs (the bigger costs)

• £9,761 Rent

• £1,750 Rates

• PPC = £2,500

• PPC Management = £650

• Electric - £550

Total = £26,106 (With loan repayments)

Total = £15,211 (Without loan repayments)

Revenue = £28,000

Please note - Yes there are some staffing costs associated to this site BUT I haven’t included them because we didn’t employ any extra staff for this site. We simple had the phone calls diverted to our Willerby office

The revenue above is based on Julys revenue and that will keep increasing month on month until maturity

In less than 4 years the site will be debt free 😅

At maturity I expect the site to be netting between £25k and £30k a month (not including finance repayments)

At £25k a month profit the yearly profit will be £300k

That’s a NET margin of

62%

Profit (£300,000) Divided by Revenue (£482,532) x 100 = 62% 👏

Even though the facility is surrounded by a lot of competition its been a MASSIVE success

I think its an obvious statement but MANLESS FACILITIES WORK! 💰

In tomorrows email il map out all the setup costs and give you a predicted ROI at majority

Industry News -  🧐

• 1 - Look Before You Leap! Consider These Pros and Cons Before Diving Into Self-Storage Ownership

• 2 - Maintenance Really Matters: Why and How to Keep Your Self-Storage Website Fresh and Functional

• 3 - Is Outsourcing the Key to Growing Your Self-Storage Business? Read This and Find Out!

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

Willerby (Hull) My big site -

• 1 Reservations

• 3 Move In's

• 2 Move outs

Month to Date -

• Minus 535 Sq Ft

Reservations so far this week = 1

Move ins so far this week = 3

Clough Rd Figures .... The Automated Site

• 3 Reservations

• 1 Move in

• 1 Move outs

Month to Date -

• 885 SQ FT DOWN for the month so far.

Reservations so far this week = 3

Move ins so far this week = 1

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

• 0 Reservation

• 1 Move in

• 0 Move Out

Month to Date -

• 10 Sq Ft down for the month

Reservations so far this week = 0

Move ins so far this week = 1

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

Reservations so far this week = 0

Move ins so far this week = 0

Meme of the day - 👀 😂

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

Weekly goals -

• Gym - 2 times … Im away until Friday, so with a bit of luck I can’t get to the gym at the weekend

• Run - 20 K … Still Injured but im going to try a small run today, wish me luck

• Boxing - 0

Results so far -

• Gym - 0

• Run - 0 k

• Boxing - 0

Yesterdays Steps - 20,918

Loads of self storage love,

Dean ❤️ 🙃