How can space be better utilised with self-storage units?
What can a self-storage unit do for you?
If you have unused space on your business premises, you’re missing out on a valuable opportunity for profit and growth. That’s doubly true if you’re renting your space rather than own it outright.
Rather than let your unused space go to waste, an easy, popular and highly lucrative option is to convert it into one or more self-storage units. This provides an opportunity to grow your business, protect important materials or supplement your income with a passive revenue stream.
The storage experts at Racking + Shelving Ltd provide custom self-storage unit construction to businesses of all sizes and sectors across Northern Ireland and the UK. Get in touch today for bespoke storage design and installation at competitive prices.
Top 5 ways self-storage units enhance your business
Increase your sales potential by carrying more stock
The growth potential of any stock-based business is limited by how much you can carry. But while unused space is ideal for keeping more products for sale, it can be unwise to do so without suitable security measures.
Converting your unused space into lockable self-storage units doesn’t just give you the security and peace of mind not only to hold more stock. It also lets you store very expensive or fragile items with confidence, especially when your space has been custom-designed with these requirements in mind.
This type of storage is particularly useful for businesses with high product turnover or seasonal stock. That includes:
- Online retailers
- Big stock sellers, such as furniture retailers
- Catalogue sellers
- Spare parts retailers
- Event organisers
Expanding your product storage capacity with a self-storage fit-out improves your ability to meet diverse customer demands. It also helps you build a reputation for fast, responsive and consistent service, opening up more opportunities for future growth.
Generate extra revenue by renting storage space
Perhaps you don’t manage a large quantity of physical stock, or your current space is more than sufficient. In this case, you can still make profitable use of your unused space by converting it into self-storage units and renting them out.
This creates a low-cost, low-risk passive revenue stream for your business, boosting profits while having minimal impact on your budget. You can then funnel the extra money you make into other areas of your business to promote growth. Or you can keep it in reserve to give yourself an additional layer of financial security.
Keep reading: The dos and don’ts of offering self-storage services
Enjoy an excellent return on investment
According to Storeganise, a US-based self-storage software provider, owning self-storage units offers profit margins of up to 11% on annual income. This is much larger than other business models with higher capital requirements. Restaurants, for example, expect a profit margin of just 3-5%.
This high return on investment (ROI) is partly because self-storage units require very little upkeep and create almost no overheads. In fact, after the cost of construction and installation, the unit has almost no outgoing impact at all.
As a result, it’s very quick and easy to recoup your initial investment in business self-storage unit construction. And once you have, every penny you make afterwards is purely profit.
For high-quality bespoke self-storage unit construction at a competitive price, contact our self-storage team in Antrim, Northern Ireland today.
Keep your stock and documents secure
Theft is a serious issue for businesses of any size and sector.
Having your products or assets stolen means wasted expenses and a loss of profitable potential for your business. And even if you can claim the value of stolen goods back through your stock insurance, this may lead to higher insurance premiums moving forwards.
Similar – and perhaps far worse – is the theft of important documents. In the best-case scenario, this will simply interrupt and delay your business. But in the worst, it could mean losing confidential business and client information, as well as a serious blow to your reputation.
Whether you’re concerned about stock or documentation, secure self-storage unit installation lets you protect what matters most. And you don’t need a garage-sized space to fit them in. They can be as small as a locker or cupboard, making them a suitable fit for any business and space.
Keep reading: Preventing theft in your warehouse
Maximise your use of profitable space
The vast amount of space in a warehouse or similar industrial facility can be difficult to use efficiently.
Many facility managers simply choose to line the edges with shelving units and fill the central space with aisles of pallet racking and cantilever racking. But the types of stock you can safely store this way are limited. And it often makes poor use of ground footage and the opportunities offered by these facilities’ high, spacious roofs.
Tailor-made self-storage units such as those from Racking + Shelving Ltd can be designed to fit any available space. This allows you to optimise the profitability of both horizontal and vertical space, particularly when combined with other complementary storage solutions.
Self-storage units also help keep fragile or sensitive items up and away from ground level, where there’s a greater risk of damage. In turn, this elevation protects them from the risks of damp and sunlight, which can cause serious harm to fragile or delicate objects.
Get custom self-storage unit construction and installation from a trusted provider
Whether your goal is to accelerate business growth, protect valuable materials or generate passive income, building self-storage units is a cheap and profitable way to enhance your business.
At Racking + Shelving Ltd, we provide high-quality secure self-storage unit construction throughout Northern Ireland and mainland UK. From entire warehouses to nooks the size of a small cupboard, our storage experts can design and install custom solutions that meet your precise needs.
Contact us today to discuss profitable self-storage options for your business, and let’s put your unused space to good use.
