Self-Storage Business Plan

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Westbury Storage, Inc.

Services

Westbury Storage will provide short- and long-term self-storage services in the North Shore community. The company owners have extensive experience in the storage business as well as the good connections in the moving business. The later will help utilize the storage space at the maximum capacity. Westbury Storage will provide about 45,000 square feet of well maintained self-storage units that will be offered for both residential and small business renters.

Competitive Comparison

All self-storage facilities that could be found in Westbury or the area bordering Westbury were surveyed with the following results:

Name Size Price
Oliver St. Mini Storage 5X10 $48
10X10 $75
E-Z Mini Storage 5X5 $37
S. Centreport 5X10 $67 +$25 deposit
Extra Space Storage 5X5 $49 + $9 fee
10X10 $106 (second floor)
$139 (ground floor)
Washington 8X6 $50
47 State 9X9 $50 (second floor)
Public Storage 5X5 $35
Merrick Road. 5X10 $55
10X10 $95
10X15 $129
10X20 $147
North Shore Self 5X5 $45 + $5 fee
Storage 5X10 $70 (second floor)
10X15 $130
U-Haul 5X10 $42.95
10X10 $95

Prices average at $1.20 per sq. ft. per month. Mean price is closer to $1.40.

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