With this business idea you can help put empty warehouses to use, and also solve people’s vehicle storage problems at the same time.
Warehouses are perfect for vehicle storage, and there are lots people that need to store their vehicles.
When people go on vacation, they want to make sure their vehicle is secure. Or alternatively, when winter begins, antique, or show vehicle owners want to make sure their vehicle is safe from the weather.
Even RV, recreational vehicle and boat owners need somewhere to store their vehicles when not in use.
With a warehouse and advertising, you are in business renting lots for $50 - $500 or more per month, depending on the size of the storage needed.
Practically everyone has a vehicle nowadays. However, not all these owners have any storage area for their vehicles; especially for long term storage.
So judging by the demand there is for this venture, it could be a great business idea to start a vehicle storage service.
The main thing that you will need is a warehouse. And this is a great way to give new life to warehouses that are not in use, especially during difficult economic times.
Then with some advertisement, you can start your business.
Place some advertisements in the local newspaper, and print some flyers to be distributed in your area.
Include your contact information, the location of the warehouse, and if possible, any testimonials from previous customers.
When people learn from previous owners that it is safe storing their vehicle in your warehouse, you are bound to get more customers!
To set your storage fees, do some research in your area to see what comparable services and facilities go for.
To cover all your expenses, you will probably have to charge perhaps about $100- $500 a month, with rates depending on the size of the vehicle being stored, and the duration of the stay.
The longer the vehicle is going to be placed there, the lower you could charge at discounted rates.
Of course, the more expensive the vehicle, the higher you can charge, considering the risk you will be taking on storing the vehicle.
This is why it is very important that you have good lock and a good security system for the warehouse. You will be taking a huge responsibility on agreeing to store someone else's vehicles!
And you want to make sure you have the proper insurance coverage too. Or you can alternatively see if you can require the vehicle owner to provide their own insurance and give them a discount on the storage rate.
This is one of those small business ideas will take some research to make sure you have all you bases covered, and that you are making a big enough profit after paying all your business costs.
It is a good idea to have some sort of agreement on the condition of the vehicle when you receive it for storage.
You will be taking full responsibility for the vehicle, and you will need to return it intact, and in the condition it was in when you received it.
