Financial Model, Mini Storage, Real Estate

Cash Flow Projections, Excel, Financial Feasibility, Financial Projections, IRR (Internal Rate of Return), NPV (Net Present Value)

Why Choose a Mini-Storage Business Plan?

• Comprehensive Guidance: Our mini-storage business plan provides step-by-step guidance, from market research and financial projections to marketing strategies and operational planning. You’ll have everything you need in one place.
• Customizable: Tailor our mini storage business plan to fit your unique vision. Our highly customizable template allows you to adapt it to your specific market, location, and business goals.
• Financial Clarity: We provide financial forecasting tools, projected financial statements, and financial ratio analysis samples to help you create realistic revenue and expense projections, ensuring you have a clear path to profitability.
• Proven Success: Our mini-storage business plan is based on years of experience and success in the mini-storage industry. We’ve helped numerous entrepreneurs like you turn their storage ideas into thriving businesses.
• Resource Efficiency: Maximize resource utilization, minimize waste, and make environmentally conscious choices with our sustainability recommendations and projected financial statements.

Our mini-storage business plan gives you the tools and knowledge to make informed decisions, secure financing, and build a thriving mini-storage business. Take advantage of this opportunity to excel in the mini-storage industry!

Key Features of Our Mini-Storage Business Plan Template

Starting a mini-storage business can be attractive for real estate owners. You can achieve a higher yield by offering flexible and short-term rentals of small mini-storage boxes than renting standard storage space mid-to-long-term. Demand for mini-storage has also been increasing in other countries than the US in recent years due to higher prices for residential apartments and lack of space. Our mini-storage business plan models the 10-year cash flows of a new mini-storage business in Excel.

In our projected financial statements, kindly enter your expected rent roll, the price per m3 (or any other volume unit you can input), your desired cost structure, and calculate the project IRR, investor IRR, and required funding amount. You can also choose if you will buy or rent the property and see the effect on the project’s profitability.

The highlights of the financial model template are the following:

– Rent roll to model 100 groups of Mini Storage Units for Rent

– Monthly rent roll model with a ramp-up of occupancy rate

– Detailed Pricing Model by type of storage box

– Projected Financial Statements: Income Statement, Balance Sheet, and Cash Flow Statement for ten years

– Financial ratio analysis sample

– Property: Buy or Rent decision which models either rental costs or the CAPEX required to purchase the property. Depending on the scenario, you can also play around with two different exit values, either as EV/EBITDA Multiple (in case space is rented) or as Gross Yield % estimate (in case the property is owned and the business might be viewed as any other real estate)

– Several IRR calculations to the unlevered and levered IRR of the project as well as investor IRRs for promoters and investors

– Calculation of required funding amount

– Executive Summary, which summarizes the business case and key assumptions to fine-tune the business plan

This financial model template in Excel gives you a framework and starting base to develop a business plan for your new mini-storage business.

The financial model is available in two versions: a PDF Demo Version and a Full Excel Version, where all cells are editable in Excel.

File Types: .xlsx (Microsoft Excel for Mac) and .pdf (Adobe Acrobat Reader)