Street Smart Success
Self Storage: A Great Business With High Operating Margins and Sticky Customers
Self-Storage has more resilience across different economic cycles. Whether people are downsizing or upsizing, storing expensive toys, or making space for a home office, they need to rent storage space. Increasingly, small businesses are also utilizing self-storage. A third of all Americans utilize self-storage facilities for various needs. In the right markets and the right locations, self-storage has a steady, predictable revenue stream with low operating expenses that results in high operating margins and profitability.
Jacob Vanderslice, Principal of VanWest Partners, owns 19,000 storage units across 38 facilities in smaller markets with less competition and strong market fundamentals. Jacob has generated great returns for his investors in self storage over the past ten years.