A Growing Trend: Businesses Using Self-Storage to Reduce Costs

A common misconception is that self-storage is only for individuals that want to store their personal belongings. In the last few years, businesses have had to get more and more creative in coming up with ways to reduce costs. An ever growing popular solution is for businesses to look to self-storage facilities to play a part in reducing business costs.

Business Owners Understand a Simple Formula:
Revenue – Expenses = Profit

Often times it is easier to reduce expenses than increase revenue. Businesses can utilize self-storage to reduce expenses in a variety of ways. The first, the more obvious way, is simply reducing the amount of traditional office or warehouse space required to efficiently run your business. Even the smallest increase in square footage of traditionally leased space can be several times that of the same square-footage of a self-storage unit. In your functional workspace, there may be items (furniture, bulk office supplies, seasonal items, archival documents, etc.) which are not needed on a daily basis but are essential. For a minimal cost, a business can lease a storage unit on a month-to-month basis and just like an individual user can access the items in storage as often as they need them. For example, businesses often want to take advantage of the opportunity to purchase office supplies in bulk, but lack the office space to store such supplies.

However, possibly more beneficial than reducing clutter in the functional work space is utilizing self-storage to help manage growth. Traditional office space can be very costly and with most office space comes a long term contract. Self-storage on the other hand is typically month to month and offers a secure, climate controlled space with access 365 days a year. Best of all, if your need for space fluctuates seasonally you can upsize or downsize at any time and just pay for the space you need at any given time.

Another benefit of self-storage for business is utilizing self-storage for distribution. Many antique dealers, wholesale food distributors, book resellers, online retailers, event planners, etc. all use self-storage facilities for off-site distribution solutions. These facilities typically have truck height dock access and therefore can accommodate large deliveries. A built-in benefit with this arrangement is that you aren’t required to be onsite to have inventory delivered to your self-storage space. The facility can accept the delivery on your behalf and even have it delivered to your unit for a small fee. It’s also common for facilities of this type to offer special services to their business customers for no or little extra cost – services like accepting UPS and FedEx business packages, accepting pallet deliveries and business mail for you. Often times a business is paying for an employee to be onsite all day to accept a delivery when alternatively you could utilize the low-cost services of the self-storage facility by asking them to notify you when an item has arrived.

A self-storage facility is a perfect solution for archiving your business documents or business records. Some facilities even have ready-built shelving and/or may allow you to put in your own stacking system depending on the individual self-storage facility. The use of self-storage for archiving has proved very popular across various business areas, including: accountants, architecture, doctors, chemists, law firms, sales organizations, etc.

In closing, consider how self-storage could help reduce expenses or improve efficiency in your business. It’s worth checking into.

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