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Self-Storage Business PlanWestbury Storage Inc.This business plan was created with Business Plan Pro software, the fastest way to prepare a complete business plan.
With Business Plan Pro, you can open this plan (or any of the 500 others included in the product) and quickly customise it to match your business. Or you can use the software's step-by-step wisard to easily create a custom business plan from scratch. Learn more »   Executive Summary1.0 Executive Summary This business plan describes a proposed self-storage facility to be established in Westbury, New York involving the conversion of an existing building. Total project costs are estimated at £1,054,487 including purchase price, conversion costs, and pre-opening expenses (see section on Start-up Summary). Based on current and projected strong demand for self-storage units, rental revenue is projected to grow rapidly as units fill up from the first year's target of £320,000 to £684,000 by year three. Highlights  1.1 Objectives After achieving experience and success in their present self-storage facility in Plainview, New York the principals of this proposed project plan to take advantage of the strong demand in the self-storage industry to achieve a major presence in Westbury. The ownership connection with Stote Moving will assist in gaining full occupancy quickly. Goals have been set to rent 50% of the proposed 300 unit spaces within the first six months of 1999. An additional 25% will be rented in the second half of 1999, with the remainder to be filled in 2000. 1.2 Mission The mission of the principals is to serve the Long Island community's local residential and commercial storage and moving needs. 1.3 Keys to Success The keys to success in the self-storage business are:
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