Deep Dive Into Container Self Storage With Standby Self Storage #12

Episode #12: Standby Self Storage

Summary

In this engaging episode, we sit down with Michael Walker from Standby Self Storage and Quickfit Container Accessories. Operating eight self storage sites and running a thriving container accessories business, Michael shares his journey from property development to building a successful self storage empire.

Discover how Michael transitioned from renovating a rundown site in Croydon to launching his first self storage facility, navigating challenges, and spotting opportunities in an underserved market.

With his insider knowledge as both a self storage operator and supplier, Michael provides valuable insights into the industry, from startup strategies to addressing business and personal storage needs.

Takeaways

- Understand how to overcome initial challenges such as planning and cost barriers.

- Discover the benefits of pivoting to innovative solutions, like container self storage, to save costs.

- Get insights into starting small.

- Recognize the importance of identifying and serving unmet market demands.

- See how filling gaps in underserved markets can create competitive advantages.

- Discover the value of adapting to market demands and leveraging local opportunities.

Chapters

00:33 Introduction

01:44 Opening his first site

05:40 Initial attraction to self storage

06:40 The growth of the business

07:35 The challenge of finding new locations

11:29 Leasing vs buying

17:17 The running of the business (marketing, sales, operations etc)

23:10 Quickfit Container Accessories

24:58 Unusual uses for a container

26:05 Top 3 important tips for success

28:12 Weirdest thing found in a container unit

29:49 What does the future hold for self storage?

32:00 The ideal feature for self storage

33:26 The future of Standby Self Storage

35:12 Outro