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- New Container Site Proposed In Scotland 🚨
New Container Site Proposed In Scotland 🚨
Plus: The Risks Of Opening A New Site

🎙️Have you checked out my Hacking Self Storage podcast? Find it HERE
GM Store Nation,
Today im travelling to Scotland …. Trying to finalise heads of terms for a new site …. I will tell you all once signed 🙌
Fingers Crossed we get this deal done …. Its, as Dave Davies would say “A Fucking No Brainer Mate” hahaha …. No one tell him I say this 😅
Yesterday was a busy old day … Plenty of Quotes, Reservations, Move Ins and the dreaded Move Outs 😲
Yesterdays Stats …
4 Reservations
6 Move Ins
6 Move Outs
Lets … Do … This …
Here's what coming your way today :- 😱 😎 🎯
🤐 A Self Storage Tip - “The Risks Of Opening A New Site ”
🤝 3 Self Storage News Stories
🧐 Yesterdays figures for each facility
🥸 1 Meme of the day
Self Storage Tip - 💡 💰 🤑
There’s always risks when opening new sites (or even starting a business from scratch) 🤔
Here are a few you should consider before opening a new site or starting a business
Product Market Risk 🤨
Is there a need and a want for a product
Does anyone want what we have to offer
IE Are they happy with the container sites or will people use an all signing and dancing indoor site … and pay the extra for it
Technical Risk 🤨
Can we even do it … ie manless facility
Will the demographic understand and be able to use the app to enter the facility (We have had this problem at Clough Rd, our manless site)
Regulatory Risk 🤨
Is there any reason why we won’t be granted planning
We put in offers subject to planning approval to negate this risk
Demand Risk 🤨
Is the market over saturated
Is there more than 1 Sq Ft Per Capita of Self Storage already in the market
Industry Risk (is the industry growing) 🤨
This is something I looked at before opening Willerby (My first indoor site)
Ie petrol stations, the market is decreasing because of electric cars.
I wouldn’t want to be investing in petrol stations because of the longterm outlook
Storage is growing industry … Year on year the demand is increasing!
Cash Flow Risks 🤨
This is a biggie for me!
Is there cashflow risks to your business … If so have you done a cashflow forecast?? This will certainly help mitigate the risk
Indoor storage has a big capital expense, high running costs so therefor the Cash Flow Risk is High
Outdoor storage not so much of a Cash Flow issue. The running costs are usually less and with asset finance the containers can be bought over a number of years
Lastly … Is it easy for people to copy you?
Is there a moat around your business?
A moat can show up in many many ways
Willerby has a moat around it because of the position … You can’t out position me in Willerby!
It also would cost over a million to set up a like for like storage facility … The average man in the street just can’t afford it
What’s your moat around your business …. Like I said moats come in my forms, not just position of your site and cost to build the facility
Industry News - 🧐
1 - Self-storage facility plan for Kilmarnock as site with 108 shipping containers is considered
2 - Raleigh-based self-storage company has raised $80M this year, eyes $100M goal
3 - Safestore is supporting WrapUp Luton to keep the homeless warm this winter
The fun bit - My business .... Bare Butt Naked! 😲 🤫 🤭
Willerby (Hull) My big site -

2 Reservations
0 Move In's
2 Move outs
Month to Date -
0 Sq Ft Up
Reservations so far this week = 2
Move ins so far this week = 0
Clough Rd Figures .... The Automated Site

2 Reservations
3 Move in
3 Move outs
Month to Date -
1,180 Sq Ft Down!
Reservations so far this week = 2
Move ins so far this week = 3
Beverley … My Baby (First site)

0 Reservation
1 Move in
1 Move Outs
Month to Date -
105 DOWN Sq Ft 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 = 2
TOTALS -
Reservations so far this week = 4
Move ins so far this week = 6
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 - 1
Run - 0
Boxing - 0
Yesterdays Steps - 18,172
Loads of self storage love,
Dean ❤️ 🙃
What did you think to todays email??? |