Feasibility & Market Study

Is your project viable?

A Market Study and a Feasibility Study are important first steps to ensure the viability of any proposed self-storage project, no matter the market. Self-storage is primarily about two things: location and the execution of good practices. Both of these are sometimes difficult to see in an unbiased and expert way; but a thorough study addresses both issues and helps ensure they can be mapped out ahead of time. As with a lot of things, the more thought put in ahead of time, the better the end result.

To put it a different way: the more functional a facility, the quicker net profits are achievable. A Market and Feasibility Study are important mile stones to ensure functionality and is the primary, proven method to ensure investment goals are met.

Marketing Study

$3,500

  • Location Overview
  • Location Evaluation
  • Supply V. Demand
  • Demographic Report
  • Traffic Counts
  • Trade Areas
  • Municipal Data

Feasibility Study

$7,000

  • All Services Listed in Market Study
  • Competitor Analysis
  • Unit Mix Recommendations
  • 3 Year Financial Projections (Proforma)
  • Projected ROI
  • Absorbton Rate
  • Final Recommendations
  • Competitor SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
why-sscgs

we’ll make a good fit

Why SSCG?

This is too important a task for just anyone: a thorough Feasibility Study should be done by a company who truly understands all aspects of the self-storage industry.  As a management firm, we understand not just the current landscape and competitive environment, but the importance of day-to-day operations for long-term viability. Your report will be produced with this balanced approach.  As a management firm, we understand not just the current landscape and competitive environment, but the importance of day-to-day operations for long-term viability. Your report will be produced with this balanced approach.

To minimize cost, our reports are structured into two separate, but symbiotic studies. The first is a Market Study. It is an overall review, is intended to answer the question “Is a storage facility a good idea in the location or property chosen.”

If a storage facility is not viable on the given property or in the given market, this important feedback can be given up front- thus saving you money. If the project is deemed viable, then further research can be done in way of a Feasibility Study. A Feasibility Study will include a comprehensive review of the specifics of the property or location and includes a site visit, a review of the architectural plans, assistance with choosing a property if needed, and other research.

How It Works

Understanding the entire life cycle of a self storage
facility allows us to help you develop a plan with
operational performance in mind. We are capable
of assisting you every step of the way, from
determining your projects viability to operations.

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Step 1
Due Diligence

· Market Study
· Site Plan
· DRC – Site Plan Review
· Feasibility Study (Proforma)

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Step 2
Design

· Site Surveys
· Construction Drawings
· Architect & Consultants
· Entitlements

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Step 3
Constuction

· Pre-Construction
· Bids & Review of CD’s
· Construction Administration

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Step 4
C of O

· Deferred Submittals
· Signs | Cameras
· Keypads | Gates

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Step 5
Operations

· OP Systems
· Database | Merchandise
· Grand Opening

let’s do this

We’re ready to get started. Contact us today.

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