The demand for self-storage is soaring in Australia. This steady demand means that many self-storage businesses are experiencing operational challenges that come with rapid growth. Meanwhile, many self-storage business owners are seeing higher profits from decreased vacancies and higher prices. But not all self-storage businesses are making the most of the current market.
The specialist team at Sharp Accounting has deep experience navigating and overcoming the challenges self-storage businesses face. We provide self-storage accounting services to businesses Australia-wide to develop and implement financial strategies that drive profits and protect your investment.
Accounting Services for Self Storage Businesses
If your self-storage business needs assistance with any of the following, reach out:
- Establishment of a self-storage operation
Will a particular location work for you? What financial metrics should be considered, do you know? Our self-storage establishment package includes fill rate estimations, key milestones around when team members are to be hired and advice on pricing of your units.
- Financing of a new or existing self-storage operation
Not sure where to start with finance or struggling to obtain finance for either an existing or a new self-storage operation? Our finance package includes a review of your financial position, a review of the legal structure of your business interests and preparation of the necessary projections for your financier to utilise. In addition, we offer the option of a concierge-style finance service, where we will take care of the majority of the dealings with your finance broker or finance institution.
- Purchase of a self-storage operation
Struggling to know if you are paying too much or getting value on a proposed purchase? We can assist, with over 15 years experience advising the industry, we have the data to analyse any proposed purchase.
- Performance improvement and maximisation
You may be a long-term operator in this industry, however, are you maximising your business opportunities? A hint – 100% occupancy is a red flag that you are not!
- Succession planning and exit
Do you have a plan to pass on your self-storage portfolio to the next generation? How will this work from a financial, operational and ownership point of view? How will you protect your wealth from the dangers of relationship breakdowns in the next generation? We have the answers for you!