£20k Investment into £200k Profit 🤔

GM Store Nation,

Were still in Laandan 😂 (wife goes mad at me for calling it that) on our family trip …. I loveee it here!

Ive found a great little coffee shop I go to in Canary Wharf to write this email … There’s a proper buzz around London and its great to experience it with the kids …..

….. Although it does get busy on the tube during rush hour …. As you can see below 😂 Kids were nearly squashed 👀  

On to Yesterdays Stats …

• 3 Reservations

• 2 Move Ins

• 2 Move Outs

Lets … Do … This …

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

🤐 A Self Storage Tip - “£20k Investment into £200k Profit ??🤔”

🤝 3 Self Storage News Stories

🧐 Yesterdays figures for each facility

🥸 1 Meme of the day

Self Storage Tip - 💡 💰 🤑

£20k Investment into £200k Profit

As I mentioned on Wednesdays Hacking Self Storage Podcast here is the link to my projections for my new site in Scotland -

https://docs.google.com/spreadsheets/d/1iyea1c3ImJUSQImupBuT92jp7jYXsXqkci6X4zGfSRw/edit?usp=sharing

Here’s a link to the Youtube video if you want to here me walk you through the numbers -

https://www.youtube.com/watch?v=9v4LScH1qnY

Im really excited by this location because of the low risk and low capital expense

Here’s the headlines for you -

• 3 Months Rent Free ✅

• £20,000 Per Annum Rent ✅

• No Rates (im currently been told its under the rateable fresh hold in Scotland … Wether that is true once I put containers we will have to see) ✅

• 20 year lease ✅

• 1 year break for tenant, just incase site doesn’t work ✅

• Other container site in the full ✅

• Great Location ✅

• Set up costs (including, signs, solicitors, planning, gate etc) will be less than £20k ✅

• After 2 years the site will be making OVER £100k ✅

• Containers will be bought via asset finance, the only monies needed by myself will be vat on the containers … Which I will claim back ✅

• Site will be cashflow positive IMMEDIATELY ✅

I wanted to do this project for 3 reasons -

1 - Very Very Low Risk 🙌

2 - Cash Flows (including Asset Finance) Very Very Quickly! 🙌

3 - To Prove You Don’t Need Millions Or Even Hundreds Of Thousands To Set Up A Profitable Self Storage Facility 🙌

The reasons this site is so cost effect and risk free are -

• Site already has palisade fencing ✅

• Site already has a gate (I could use this and make electric if I wanted)✅

• Site is fully tarmac (so no set up costs)✅

• Low rent. No rates✅

• A rent free period … makes a big difference for cash flow at the start ✅

• 1 Year Break Clause For Me  ✅

• The is manless … The tech out there makes this easy ✅

• Great terms with the container suppliers (You have to ask for terms … Don’t tell them I told you 😳) ✅

• Asset Finace On Containers …. A massive underused secret! Press reply for the asset finance team I use and il email you their details ✅

Are there sites like this all over the country …. NOPE

HOWEVER … They do exist! You just need to be patient and put in the work!.

Treat searching for a site like a part time job … You will find a site that suits your needs!

When you do it can be live changing!

As you can tell im really really excited by this opportunity …. I want to prove with LESS than £20k invested of my own money I can produce a site that nets nets in excess of £100k per year!

Whaaaaa WHOOOOOO 👏

*** I do need to jump through a potential planning problem … But my planning guy is very confident this won’t be an issue … Just wanted to put it out there that there is one hurdle to overcome

Industry News -  🧐

• 1 - It’s Grand-Opening Time! Here’s How to Plan and Market Your Self-Storage Facility Launch

• 2 - Boat/RV Self-Storage Operator RecNation Launches Third-Party Management Platform

• 3 - Shurgard New Purchase In London

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

Willerby (Hull) My big site -

• 1 Reservations

• 1 Move In's

• 0 Move outs

Month to Date -

• 285 Sq Ft Up

Reservations so far this week = 4

Move ins so far this week = 5

Clough Rd Figures .... The Automated Site

• 1 Reservations

• 1 Move in

• 2 Move outs

Month to Date -

• 320 Sq Ft Up!

Reservations so far this week = 5

Move ins so far this week = 5

Beverley … My Baby (First site)

• 1 Reservation

• 0 Move in

• 0 Move Outs

Month to Date -

• PLUS 50 Sq Ft for the month

Reservations so far this week = 1

Move ins so far this week = 1

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

Reservations so far this week = 1

Move ins so far this week = 2

Meme / GIF of the day - 👀 😂 

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

Weekly goals -

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

• Run - 15 k … Knee starting to get better WHOOOPPP!

• Boxing - 0

Results so far -

• Gym - 0 … Away with the fam .. a … lam

• Run - 0 k

• Boxing - 0

Yesterdays Steps - 23,123 Landan is masssiveee

Loads of self storage love,

Dean ❤️ 🙃