My Debt Repayments To Revenue Ratio 😲

GM Store Nation,

Quiet Day At Store More HQ Yesterday

Yesterdays results -

• 1 Reservations

• 1 Move Ins

• 2 Move Outs

Lets … Do … This …

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

🤐 A Self Storage Tip - “Wanna see my debt repayments to revenue 🤔 👀”

🤝 3 Self Storage News Stories

🧐 Yesterdays figures for each facility

🥸 1 Meme of the day

Self Storage Tip - 💡 💰 🤑

Wanna see my debt repayments to revenue ratio?? 🙋‍♂️

Of course you do, you noisy chaps, you 😝

Ok …. Here ya go

The table below shows the last 5 months, left been last month and the far right 5months ago)

You will see my debt to revenue ratio increasing because of the capital expense at Wrexham and Mansfield

Im currently paying £26k a month in debt 😳

That’s 21% of my overall revenue …

Its a lot but its something that is sustainable AND … Scarily it will increase with the shop fit at Mansfield and the container fit out in Wrexham

BUT … In 4 years I could be debt free with the current rate of repayments 👏 … I wont be because il keep expanding 🤷‍♂️

I guess the worrying stat here as well as been on a positive trajectory is the Debt As a % Of Assets … Its coming down which is good to see.

(But we have to remember this is very much dependent on how much you decrease the assets on your balance sheet)

Soooo that’s a little look behind the curtain with my debt … Self Storage can be a high capital intensive business and if you can stomach that its a very fruitful business longterm 💃

(Obviously there are other ways to play the self storage game that arent as capital intensive ie containers)

Industry News -  🧐

• 1 - Big Yellow to raise £110 million for build-out 😲

• 2 - Shurgard strengthens its German market position through Top Box portfolio acquisition

• 3 - StorageMart Elevates Presence in Wisconsin with Three State-of-the-Art Facilities

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

Willerby (Hull) My big site -

• 1 Reservations

• 1 Move In's

• 2 Move outs

Month to Date -

• 90 Sq Ft Up

Reservations so far this week = 4

Move ins so far this week = 6

Clough Rd Figures .... The Automated Site

• 0 Reservations

• 0 Move in

• 0 Move outs

Month to Date -

• 930 Sq Ft Down … SHOCKER!

Reservations so far this week = 1

Move ins so far this week = 3

Beverley … My Baby (First site)

• 0 Reservation

• 0 Move in

• 0 Move Outs

Month to Date -

• 255 DOWN Sq Ft for the month

Reservations so far this week = 2

Move ins so far this week = 0

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

Reservations so far this week = 1

Move ins so far this week = 0

Meme of the day - 👀 😂

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

Weekly goals -

• Gym - 5 times …. 20,000 steps per day

• Run - 0 … Im still injured with my knee … But im making sure my average steps are 20,000 per day. Gotta keep up the cardio

• Boxing - 0

Results so far -

• Gym - 3

• Run - 0

• Boxing - 0

Yesterdays Steps - 21,574

Loads of self storage love,

Dean ❤️ 🙃