Titan Acquisition in Telford + Bev Site 20% Revenue Growth

Hellooo,

Yesterday it was raining reservations ... Today its raining MOVE INS!! 

I have that Saturday feeling Ladies and Gents ...

... Life is Good 

... The Sun is out 

... And Self storage is finally picking up!

Breathe it in ... Can you smell it?? Thats the smell of the seasons changing my friends!

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. 

Massive opportunity there!

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