It remains one of the top searched topics for new developers looking to get into the Storage Business.
Strategic Analysis with current research! The Boat Storage Facility, Inc. The Company was founded by John Doe.
The facility will feature approximately two to three acres of space so that customers can rent large full scalemedium, and small storage spaces for their boats and yachts during the winter months.
The Company will be able to generate recurring streams of income on a monthly basis from the continued rental of these spaces to customers. Management, based on the architectural plans for the facility, expects to develop 50 full sized boat spacesmedium boat sized spaces approximately 10 feet by 5 feetand small sized boat spaces.
The third section of the business plan will further describe the services offered by the Boat Storage Facility.
The interest rate and loan agreement are to be further discussed during negotiation. The financing will be used for the following: Doe has more than 10 years of experience in the real estate industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
Doe intends to implement marketing campaigns that will effectively target individuals seeking boat storage space within the target market. Doe may seek to develop additional facilities with the accrued profits of the business after the third year of operations.
He may seek to refinance the equity of the boat storage complex to be used as a down payment for a second facility. The Company is registered as a corporation in the State of New York.
Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe wishes to sell the Boat Storage Facility, he will contract a real estate brokerage firm to showcase the property to potential buyers.
Doe expects that the business could be sold for three to four times earnings plus the value of the appreciated boat storage facility real estate. Doe intends to develop outside of the New York metropolitan area.
This facility will be of a substantial size, and Management expects that it will have customers by the end of the first year of operation.
This will ensure that the business does not need to worry about maintaining and collecting late receivables from customers. The facility will have state of the art surveillance equipment installed on the premises to ensure maximum security. Currently, the economic market condition in the United States is in recession.
This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period.
However, once boat storage facilities especially in large metropolitan areas are somewhat immune from deleterious economic changes once they reach near full capacity. This business model is similar to major hotel chains like Marriott and Hilton that provide marketing services to customers, but do not directly own the properties.
Common traits among clients will include: The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Doe will register this website with several online directories as many people now use the internet to find local service providers.
As mentioned above, the Company will also develop referral relationships with local real estate agents and brokers that will refer business to the Boat Storage Facility from clients that are moving to the area and own a boat.
You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically. This section of the business plan should not span more than 1 page.San Antonio business, Eagle Ford, energy, real estate, technology and workplace news from the San Antonio Express-News and ashio-midori.com Westbury Storage will be a self-storage facility located in Westbury, New York.
Self-Storage Business Plan Sample - Executive Summary | Bplans Westbury Storage, Inc.
. A proposed high-end car storage facility in south Forsyth cleared a hurdle this week. Local Government. Commissioners rezone land for high-end auto storage Commissioners hear update on economic development plan Freeman appointed to . A. Your e-ticket number or e-ticket confirmation code is a string of 6 letters (or an 8 character alphanumeric code for British e-tickets) that can be found on your Rail Europe email invoice.
High-end vehicle storage customers may turn to a storage facility as a safer, more secure alternative to a parking lot. They could be looking for a centrally located or nearby facility to store a classic car or motorcycle only used in the summer.
Current automotive storage rates are in the range of $40 to $80 per month. Be sure your storage spaces are heated and in good repair, as this will be vitally important to the success of the business.