Self-storage units are not just for individual homeowners. Small-business owners often use them to hold equipment, supplies and inventory used in their businesses. A store unit offers several important benefits to a company owner at a modest price.
Preserve Floor Space for Marketable Inventory
Storage space in a separate facility is less expensive than using space in your primary business location to store extra inventory. Maximize your store space for sales. Keep just the inventory you need to meet near-term demand on hand and put the excess in storage.
This strategy allows you to build more impacting merchandise displays or to have more departments or product categories available for sale.
Minimize Building Costs
When you keep extra items in a separate storage space, you also do not need as much space in a business location to hold equipment and inventory. You may save more on a loan or rental payment than you pay in monthly storage rental fees.
Companies that sell a lot of items online do not need as much storefront space to sell on-site. A sports hobby shop may not earn enough revenue to justify a full retail location, for instance. However, it might generate ample revenue through online sales to justify the investment in a storage space for the listed inventory. You may even eliminate the need for a standard building location altogether.
Hold Seasonal Equipment and Supplies
With a storage unit, you do not have to keep your lawn mower at the business for 12 months when you use it for three or four. Other things to keep in a storage facility include trimmers, snow blowers, salt and sand bags, and power cleaning equipment.
Operate with Scalability and Flexibility
A storage unit allows you scalability and flexibility if your operation evolves, grows or changes. Hold non-perishable inventory to adapt when customer demand is hard to predict. Use the equipment and supplies you store to maintain multiple locations in the same marketplace.
Instead of keeping your business open 16 or 24 hours, you could open for 10 to 12 hours and have another shift of workers perform operational tasks at the storage unit. Overnight workers might prepare shipments to fulfill online orders, for instance.
A storage unit is a modest investment that offers some important advantages for small businesses trying to create an even playing field with large competitors. Preserve your floor space for sales, minimize building requirements, hold seasonal items, and operate with greater flexibility when you have a storage space for your company.