Standardised shipping containers have been used for storage facilities since the early 1950s. While the concept of using shipping containers as self-storage units is not new, it has recently gained traction, particularly as real estate becomes increasingly expensive.
Furthermore, sea container storage has a number of advantages, including affordability, durability, and security. This is why converting a shipping container into a self-storage unit is an excellent, cost-effective solution. This article gives you 6 reasons to build a storage facility using shipping containers to create a stable business of your own!
- It has a low initial investment and ongoing maintenance cost
The primary advantage of having a shipping container storage facility is its low cost. They are substantially less expensive than the alternatives, even when compared to purpose-built portable storage containers.
Unlike traditional storage units, which need a significant upfront investment, containers can be purchased when required since there is virtually no shortage of them. This will improve liquidity and further investment opportunities in your existing or new property. Furthermore, because they are made of robust steel, shipping containers are low maintenance. This means that they have an overall low ongoing cost.
- Durability ensures a worthy investment
Shipping containers are designed to resist harsh, brutal external forces and weather conditions. They are built to endure significant impacts while safeguarding their load. Furthermore, these containers have a long life expectancy due to their high strength corten steel, fittingly known as weathering steel. When the doors are closed, the containers are completely waterproof, allowing for the safe storage of a wide variety of things. Therefore, they can protect everything from valuable paintings and computers to furniture and vintage clothing.
These containers are also coated with an exceptional finish protecting the structure from corrosion and other factors. Overall, you are virtually assured to continue earning profits on your investment because of the durability of these shipping containers.
- They have potential resale value to the right buyer
Shipping containers are exceedingly resalable and retain their worth which depends on their condition and the amount of damage they withstood. Even though their prices are more consistent than gas, gold bars, or coffee, standardised shipping containers are considered by the market as a commodity. Furthermore, used shipping containers are in high demand for storage and many other purposes. A commodity’s benefit is that it is highly negotiable. If you choose to sell the containers, the market will be more accessible than if you sell purpose-built portable storage units.
Using these containers is also viewed as an environmentally friendly business practice, which can be good for attracting customers. This will almost certainly increase future demand for them. If you opt to purchase shipping containers for your self-storage facility, it may be tempting to buy second-hand containers because they are less expensive than new ones. Choosing this decision is a big mistake because you probably cannot charge the same rent for an older container as you could for a new one. Furthermore, new containers will last decades in perfect condition, making their value relatively stable; therefore, they are easy to sell.
- Storage containers are very mobile and adaptable
Shipping containers can be conveniently relocated if the people overviewing the current site of your storage units decide to take on a new arrangement. Since they’re designed for cargo transit, you can even move them with your clients’ items inside, as long as you are fully equipped to move them safely. Containers can be piled together due to their size and construction, allowing for more efficient use of the land on which they are located.
Some individuals may incorporate stairs or ladders to facilitate access to each stacked unit. Storage facilities with available land may add shipping containers, and the number of units can be increased in response to demand. You can use them to enclose parts of your property that are too narrow to support a structure.
- Ensured security attracts more customers
Shipping containers are extremely tough and can provide good protection for the contents stored inside them. Its sturdy structure ensures that each container is secure from break-ins, tampering, and other security risks. Therefore, customers place a high premium on security, particularly regarding indefinitely items they intend to store.
Suppose you can provide them with this type of secure storage. In that case, you can anticipate gaining and retaining happy and loyal customers who will help your business develop by spreading the word to friends and family.
- A wide range of financial opportunities
If you are able to play your cards right, shipping containers provide additional financing options. Their negotiable character reduces the risk for lenders and provides you with better terms. In self-storage, the most significant threat is location selection. Due to the portability and ease of selling storage containers, this risk is practically minimised.
It is recommended that you speak with a financing organisation that specialises in container leasing and financing to help your odds of turning a profit. They are knowledgeable about the subject and frequently offer better terms than your neighbourhood bank.
Final thoughts
Shipping containers present an ideal option for self-storage operators seeking to launch or expand their business without incurring the expense of construction. Sea container storage may not be the only option for every storage unit business, but we understand that it is important to be aware of the ins and outs of a new business endeavour. We are more than delighted to assist you in selecting the shipping containers that are most appropriate for your needs! They’re definitely worth considering if you’re trying to expand your business or perhaps start one.