I spell this out myself in my business plan which highlights my experience, past successes, and my confidence in the project being proposed. Oversees the smooth running of the daily office activities. A large separate parking lot area comes with the building but will not be needed for this project.
For each owner or key employee, you should provide a brief biography in this section. They are designed using generic terms for operating a multitude of small businesses. The business plan speaks for you when you are not present.
One is the fact that we are a new business and the second is the fact that we may not have the financial resources required to match up with existing and well established self — storage and warehouse facility rental companies when it comes to acquiring large facilities in choice areas.
Below are the expected financials over the next three years. We equally have a team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details and to deliver excellent services.
I strive to ensure that my business plan and loan proposal are one of, if not the best proposals they will ever see. The business plan speaks for you when you are not present. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
They do everything possible to avoid risk, but they know that every deal involves a certain amount. The loan amounts are virtually the same as well as the interest rates used 8. Doubled, this is exactly the space available in the Westbury building after deducting the office area.
Area map including facility, and photos of the facility b. We will be open 24 hours in a day during weekends Fridays to Sundays and from 6: Doe intends to implement marketing campaigns that will effectively target individuals seeking storage space within the target market.
If these are not in place, you might end up using your money to pay for damages on a regularly basis. Below are the expected financials over the next three years. You may find that the effort involved in adapting a template is more work than writing a plan from scratch. Loan amount and terms requested e.
A total of self-storage units of various sizes will be created and offered for rent by Westbury Storage in a central location in downtown Westbury.
The fact that people would need a secured place to keep their properties for a short period of time makes the self — storage and warehouse rental business a thriving and growing business. Raise Capital It is a fact that building a self storage unit is capital intensive; so if you intend going into this type business, you must have counted the cost and then raise the required capital.
The reasons for this have been the mobile society, the tendency to live in rental apartments, and the general increase in the accumulation of property, especially leisure articles such as skis, wind-surfers, exercise equipment, etc. It is extremely important to create a professional, organized, document proving that you have done your homework and can manage the risk that is inherent in all facilities.
Purchase the Necessary Insurance Cover -: However, for projection purposes, it is assumed that income from these sources will wash out any credit losses. Remember, you are relying on your loan officer to present this request for you to the loan committee, so make it as all-inclusive, yet as simple as possible for him to do in your absence.
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 personal belongings. Once a customer rents a space from the facility, they will most likely continue to use the space for years to come.
Management, based on the architectural plans for the facility, expects to develop 50 full sized spaces about the size of a small garagemedium sized spaces approximately 10 feet by 5 feetand small sized space 5 feet by 5 feet.
This will become an invaluable source for marketing the business to the general public. Westbury Storage will position itself to the both customer segments as a conveniently located and affordable quality self-storage facility.
For the self storage, all signs are pointing to yes for another prosperous year. Here's a look at the big financial picture for the self storage business. This storage 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, including purchase price, conversion costs, and pre-opening expenses (see section on. The third section of the business plan will further describe the services offered by the Self Storage Facility.
The Financing Mr. Doe is seeking to raise $1, from as a bank loan. The Ultimate Collection of Business Documents Templates.
Westbury Storage, Inc. self-storage business plan executive summary. Westbury Storage will be a self-storage facility located in Westbury, New York/5(27). A Sample Self Storage Unit Business Plan Template Business Overview Self – storage units are mini storage spaces created for people to store their belongings for a short period of time, i.e.
on a monthly basis and it is subject to renewal.Self storage business plan for word