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Record Storage

About Startup Costs

The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.

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Business At A Glance

Record Storage

Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.

About

Franchises Available? No
Online Operation? No

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This business acts as a warehouse for another company's legal documents and files.

Business Overview

Many companies are required by law to retain financial and legal documents and files about their business and clients for long periods of time. In some cases this can be up to ten years or more from the original date of the information or document. This fact creates a huge opportunity for the innovative entrepreneur to start and run a record storage facility, as many companies simply run out of space to store their documents and files. Ideally the business will be established in a location or warehouse that will take the following considerations into account: security, fire sprinklers, building condition, pest control, square footage, ease of accessibility, potential for expansion, central high-traffic location, and affordability. Rates for record storage vary greatly to the clients specific needs, in terms of volume of record storage and type of documents being stored. However, a well-planned and managed records storage business can post yearly profits that exceed six-figures.