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About Startup CostsThe 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.![]() With businesses popping up at a record rate, the ministorage industry is growing bigger everyday. Business OverviewThe ministorage industry is booming. Why? Simply because with homebased businesses opening at a record pace, homebased business owners require storage space for products, displays, and equipment. Likewise, the baby boomer generation is scaling down to smaller residences and require storage space for their personal belongings. Without question, starting a ministorage business involves an enormous investment on behalf of the entrepreneur. However, the income that can be earned from a well-established ministorage business can exceed $150,000 per year or more. A possible solution to combat this high investment dilemma may be to form a group of investors to back the business venture financially, with you as a minority share holder and the operator of the storage business.
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