Storage On-Demand Leader RedBin Launches Groundbreaking Low-Cost $5 Storage Model

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Leading New York City storage on-demand company RedBin's new low-cost storage solution gives the area’s approximately 8.5 million residents the opportunity to conveniently, safely and simply store their items for just $5 per bin.

RedBin is New York's only true asset based on-demand storage provider.

RedBin is New York's only true asset based on-demand storage provider.

By optimizing our warehouse, we’re able to focus on volumes and lower our prices – while still maintaining an attractive margin and bottom-line.

Leading New York City storage on-demand company RedBin has shaken up the self-storage industry by launching a groundbreaking new low-cost $5 storage solution.

RedBin’s new low-cost solution gives the area’s approximately 8.5 million residents the opportunity to conveniently, safely and simply store their items for just $5 per bin. Each bin measures approximately 3 cubic feet.

Furthermore, in a move that is welcome news to many residents who face mobility difficulties -- or simply don’t want to spend hours in the area’s notorious traffic -- RedBin delivers empty bins directly to each customer’s door, picks them up when filled, and routes them to the company’s Distribution Center in Brooklyn: all at no added cost.

“Not only is the New York City marketplace dramatically under-served when it comes to self-storage options – with about 60 percent less self-storage available per capita than the national average -- but the high cost of self-storage puts it out of reach for millions of residents,” commented RedBin founder, Thomas Anderson. “Our new low-cost model is designed to permanently solve both of these problems.”

The reason RedBin’s $5 storage model works is because it’s based on solid financial fundamentals: the company’s storage facility uses an innovative customized racking system that features a folding roller dolly base, which improves warehouse utilization by 85 percent vs. traditional warehouse racking systems.

Added Anderson: “By optimizing our warehouse, we’re able to focus on volumes and lower our prices – while still maintaining an attractive margin and bottom-line. This is important because it ensures that our game-changing low-cost storage model will be permanent. This is not a sale or a teaser rate, and there are no hidden fees down the road. This is the new standard, and we’re proud to lead the way.”

For additional information or media inquiries, contact RedBin at (212) 658-1101 or via the company’s website at http://www.redbin.com.

About RedBin

RedBin is New York's only true asset based on-demand storage provider. The company uses a high tech logistics platform that enables customers to access drivers throughout the city to pickup and return storage items. The company maintains its own distribution center at the Liberty View Industrial Plaza in Sunset Park Brooklyn, which is easily accessible from and to all parts of the city. Learn more by visiting the company’s website.

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Tom Anderson
RedBin
+1 (212) 658-1101
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RedBin
since: 07/2015
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