Car Storage Business

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Vehicle or car storage is a good business venture if there’s a big demand for a storage facility within your area, especially to those regions with changing weather that requires a car to be kept in a well-secured place and safe environment.

If you’re interested on this profitable venture then learn the essentials on how to start a car storage business.

Car Storage Business Ideas

If you have an empty warehouse or a huge unattended building facility then you can convert the vacant space into a commercial business to create revenues by learning car storage business ideas for this intention. In the present day wherein a lot of people own cars or vehicles like sedan, SUV’s, and pickups or trucks, there are always chances that car owners will look for a well-secured car storage facility for safekeeping and to protect their cars from bad weather conditions, particularly in the winter seasons.

So, when you decide to open a car storage business in your area, the first thing you need to work with is the storage facility, which is should be big enough to accommodate the huge needs of every car owner that seek for storage services. For instance, if you already owns a warehouse and it is empty for a long time then consider some a little bit of renovations to make the place as an ideal storage facility for cars and other types of light vehicles. Even a former manufacturing facility which is left unattended for years and has a huge space is a good choice for this lucrative business. With a startup cost of at least $10,000.00 you can start a small car storage business. For bigger facilities you might need to prepare up to $50,000.00 as your initial budget for the equipments and security system of your new business.

Essentials on Starting a Car Storage Business

Before you start your car storage business, you must learn first if there’s a huge demand for this kind of service in your area. Do some feasibility studies and make sure that the location of the storage warehouse is accessible and within reach for easy access of car owners. To make your business profitable, the location is the big factor to consider and the key for your success. Plus, consider also these following helpful advices:

Learn how to obtain your permits and the building codes in your area. The regulations regarding car storage facilities vary in every state, especially the building codes. Make it sure that your business complies on the regulations so there will be no hassles to get your permit. Acquire also insurance for your business and for your customers as well.
Outfit the storage facility with outstanding security system. Car owners are always concern on the safety of their cars, so they should be provided with safety locks and the facility has distinctive security system.
Set good storage fees. Depending on the type of vehicle, the storage fee should be reasonable enough and provide discounts if possible to keep your clientele and to attract more customers. The fees should be based on the current storage rates.

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2 Comments

neale kerr said on March 29, 2019
what sort of insurance is needed to cover the vehicles being stored?
Jan kindseth said on May 4, 2020
Do I need to start a business in order to store other people's vehicles in my pole building in MN?

Car Storage Business