Feasibility – Self Storage Consulting Group

Market & Feasibility Study

Is your project viable?

A Feasibility Study is an important first step 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 milestones to ensure functionality and are the primary, proven method to ensure investment goals are met.

Preliminary Site Analysis

$350

Location Overview
Trade Area
Demographic Report
Traffic Counts

Market Study

$3,500

All Services Listed in
Preliminary Site Analysis
Municipal Data
Supply V. Demand
Competitor Analysis
Market Pricing

Feasibility Study

$7,000

All Services Listed in Market Study
Unit Mix Recommendations
3 Year Financial Projections (Proforma)
Projected ROI
Absorption Rate
Final Recommendations

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.