Titan Acquisition in Telford + Bev Site 20% Revenue Growth

Hellooo, Well this is an email im excited to write!!

Today my friends ... We finally have had a good day, I know im in shock as well ;-)

5 reservations across the facilities .... And get this, not one site reported a negative Square Footage! How about that

Anyway .... Letts dooo it ....

Here's what coming your way today :-

• Industry News .... Titan do another acquisition!!

• How much we've invoiced so far this month

• Yesterday's Figures ... How did we do?! Its raining Move Ins

• Meme of the day **New Feature**

• Thought of the day - Revenue since 2017 for Beverley 24

• My fitness journey - Move More .... Live Longer

Industry News -

• 1 - Titan Self Storage Acquire Wrekin Self Store in Telford!!

It looks a bloody great deal ... 90% plus occupied and they are going to expand the facility an extra 22,000 Sq Ft! ...

.... Wish i'd have beat them to it to be honest ;-)

PS You folks are in good company because I think Dan (national manager) from Titan subscribes to this newsletter :-)

PS Dan I need to know how you got media coverage :-)

www.shropshirestar.com/news/business/2023/02/09/storage-company-makes-telford-move-and-plans-major-expansion/

• 2 - Billingham Self Storage in Hartlepool set to open phase 2!!

This is bitter sweat for me, as Hartlepool has been on my hit list for some time.

I dont know Billingham self storage personally but I have been in their sites and know they do an outstanding job ... Wish you guys all the best. Hartlepool is a home run for you :-)

www.hartlepoolmail.co.uk/business/hartlepool-mp-jill-mortimer-opens-second-phase-of-hartlepool-billingham-self-storage-site-402336

• 3 - Lastly I found an awesome article about self storage investing ...

... Investing in REITS to be precise

Heres the article -

www.fool.com/investing/stock-market/market-sectors/real-estate-investing/reit/self-storage-reit/

TRUE PERIOD REVENUE (Basically invoices sent so far this month)

Beverley -

Willerby -

• Because of the software we use we only have 2 of the 4 sites True Period Rev ... We will have Wrexham for you shortly!

• February's revenue is always less because of the amount of days in the month

The fun bit - My business .... Bare Butt Naked!

Willerby Figures .... The BIG One

• No Reservations ... but they will come!!

• 2 Move ins.

• LOOK at the insurance .... £12k and a £7k

• 0 Move outs .... Party time!!!

• 260 Sq Ft in

• 0 Sq Ft out

• WHOOOPPP

Reservations so far this week - 4

Move ins so far this week - 4

Clough Rd Figures .... The New One

• 2 Reservations!

• 3 Move ins!!!

• 190 SQ FT UP!

Reservations so far this week - 5

Move ins so far this week - 3

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

• 1 Reservation today at Beverley!

• 1 Move in

• £12k of Insurance

• 240 Sq Ft up for the month

Reservations so far this week - 3

Move ins so far this week - 3

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

• The Sheet is wrong .... We had 1 RESERVATION .... Whoooppp haha

• Were still in the transitional period for Wrexham ... The previous owner is still working there until we can put the technology in the site to make it manless

• So the site isnt been run how we would ultimately like to run it at the minute ... We havent turned on any marketing yet either. Theres no point filling up a leaky bucket, we need to fix those leaks first and foremost

• Nothing happening at Wrexham at the minute ... Early days!

Reservations so far this week - 2

Move ins so far this week - 0

Total reservations for the week (all sites) - 14

Total move ins for the week (all sites) - 10

Self Storage Meme of the day -

Thought of the Day -

As you probably know, most self storage operators have been losing SQ FT recently.

I personally put that down to the amount of custom we have gained over the last 2 years due to CVID ... People had to move out sometime

Heres the impact CVID had on a mature self storage facility -

Heres my yearly Revenue for my Beverley site from 2017 - 👇 👇

• 2017 January 1st - December 31st - £108,179

• 2018 January 1st - December 31st - £121,935

• 2019 January 1st - December 31st - £129,862

• 2020 January 1st - December 31st - £135,509

• 2021 January 1st - December 31st - £152,789

• 2022 January 1st - December 31st - £154,927

CVID.. Increased my Revenue 20% on my mature self storage site 🤔

Pre CVID we hit £129,000 RevenueLast year we hit £155,000 Revenue

Thats a 20% increase in Revenue

Not as much of an impact as Willerby (newer site) but still a positive impact 💩

Crazy to think that CVID destroyed some businesses and helped others. I feel very lucky but also very guilty the fact CVID helped our industry 😪

Health and Fitness ... Move More = Live Longer -

Weekly goals -

• Gym - 4 times

• Run - 40 K

Results so far -

• Gym - Twice ... Hurt my back so struggling to go :-/

• Run - 33k

Yesterdays Steps - 23,738

Give me your feedback ... What did I do well? What did I do bloody rubbish?? Press reply and let me have it

Loads of Mr Self Storage Man Love :-)

Mr SS

PS .... Tell your friends, tell your parents, tell your lover, tell everyone and everyone who will listen to you ;-) ... Heres the link to sign up - www.mrselfstorage.com