Business Storage
Many businesses require storage to manage their inventory. Owning a warehouse to conduct professional business and store merchandise is expensive. Not only do you need to pay for the space, but you may also have to sign a long-term contract. Plus, it isn’t always the safest. One of the best alternatives is using a storage unit to store your items.
If you’re interested in learning more about why a storage unit is an inexpensive alternative to a warehouse for your business, you’ve come to the right place. Read on to learn why this tactic is an excellent choice for your growing company. Reno Gulch Self Storage provides business storage in Hill City, South Dakota.
Deciding on Whether to Get a Storage Unit or Warehouse for Your Business
Cheaper Insurance
Insurance is always a good idea when you are storing equipment for your business. However, in a storage unit, insurance is much cheaper. Insurance for a storage unit is on average $10 per month. Warehouse insurance is on average $100 per month. This difference in spending could be cash in your pocket or put toward new inventory.
Choose the plan according to the value of your inventory. Although it’s cheaper, you still get protection for your equipment. The policy will still cover everything inside the unit. For example, if a fire occurs due to the facility’s negligence or your items are stolen, you are protected.
Higher Value
Operating costs are always a priority to build a successful business. The cost of a warehouse can easily push you over your budget.
Typical storage units cost $.60-$.80 a square foot, while warehouses are upwards of $1. You will save hundreds of dollars by picking a storage unit instead of a warehouse. If you need 1,000 square feet, a storage unit will cost $800 at most, while a warehouse will cost a minimum of $1,000, plus utilities.
As your business grows, you will probably have to get a warehouse. However, it is important to wait until it fits ...
Reno Gulch Self Storage
June 20th, 2023
