If you own your own land and your facility is 80 percent full (average), consider this: The average payoff for your loan is typically three and a half to four years including materials, labor and concrete. If you include the purchase of your land, this pay off can be around six years with the same occupancy rate
(PRWEB) December 18, 2006
According to the 2006 Merrill Lynch New Retirement Study, the fastest growing group of entrepreneurs in the U.S. are Baby Boomers seeking their ideal retirement: a "retirement career" to help them stay mentally and physically active. Self-storage businesses are a quickly growing segment of this upswing in "retirement careers".
An in-depth study by National Development Services Inc. of the performance of multi-family, office, retail, and self-storage developments in Texas, Oklahoma, New Mexico, Colorado, and Louisiana found that the self-storage failure rates are only 8 percent, compared to the 53 to 63 percent failure rate of the other real estate options. Self-storage businesses are also popular retirement careers because of their minimum upkeep requirements, with maximum results.
American Steel Buildings has been a respected distributor of self-storage steel buildings and climate-controlled buildings since the 1980s. Dean Brown, President of American Steel Buildings, said, "The self-storage industry's future is very bright and it will continue to mature along with the demand for its use. The advantages for investing in self-storage and mini-storage are numerous and will continue to be the key elements for its success."
Michael McGahee, owner of Discount Storage in Mt. Pleasant, Texas, said, "I am the largest storage provider in North East Texas. When I started in 1998 with no experience or knowledge of metal buildings, American Steel Buildings was and still is a great partner to have."
Self-storage steel buildings are an ideal business for many different communities, including:
- Developing cities
- Areas with military personnel
- Areas with rising housing rates
"If you own your own land and your facility is 80 percent full (average), consider this: The average payoff for your loan is typically three and a half to four years including materials, labor and concrete. If you include the purchase of your land, this pay off can be around six years with the same occupancy rate," said Brown.
Visit http://www.gosteelgo.com to learn more about starting a self-storage steel building or climate controlled storage business as a retirement career, or to sign up for American Steel Building's newsletter to receive current information on the self-storage industry. Until December 31, American Steel Buildings is offering a $300 discount on every self-storage order.
About American Steel Buildings
Since they opened their doors in the 1980s, American Steel Buildings has designed and distributed quality pre-engineered commercial steel buildings, including Mini-Storage/Self-Storage buildings, offices, shops, retail businesses, warehouses, churches, agricultural buildings, and much more. All buildings are designed to be compliant with local codes. American Steel Buildings has also received numerous awards from the Better Business Bureau, Nucor Steel, Spirco Manufacturing, and others.