BUYING a STORAGE company Here's How Much It Makes
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- Опубликовано: 12 сен 2024
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How would I be able to get a scholarship for the course?
I'm interested to know how much you make per month with your 3 businesses and all the payments you have to make and it will be cool if you show us how you upgrade each businesses to make them better
How long will I have access to the course, if I decide to purchase it?
Love the vids man
Just my suggestion don’t know if it’s good or not but give your trailer park people discounts at your business to encourage more use
Love how you buy businesses that require little maintenance, no products, and minimal customer service. Clean money makers.
Link up with Evan Jordan💯💯
Perfect for money laundering
@@TheDoctorSung money should be laundered. It is none of the government's business where anybody's money comes from. Taxes should be voluntary until we are put back on a "Real" tangible asset based monetary system that banks do not control.
@@roberthouston6562 everyone hates tax but you have to realize that it pays for the nation.
Passive income, the best way to make money
Fun fact: his RUclips channel is another business that makes money.
No wayyyyyyy
@@facehunter504 🤣🤣🤣🖕🏿
ONLY biz that makes money
Insert comment get paid
*feed the poor*
@@ironmenace if everyone who views this channel gave 1% of their income, wages, tips, earnings etc. the poor could be fed very well. How much did you make last year? Move your decimal point one space to the left and send it to a food bank today, or quit bitching about others. Good day.
At this point he’s playing real-life GTA Online.
Nice pfp 🤘🎸
At least theres no mk2 on real-life
GTA Online really do be a life plan strat where the MOC tho
i just wantend to post the same comment 🤣
How to launder small amounts of money
On this episode of "Guy buys a new business every week"
How many businesses does he own?
@@thinkwa-1414 5
The mans building assets good on him I say
Fr
Killin it
One key to storage units is making it easy for the customer. Have an online portal where people can enter their info, pay with a credit card, and get a unit assigned without you having to do anything. Automate it to the point that you only have to do a lock audit once or twice a month.
I'd love to see you break down Financials for the storage facility and more in depth videos about storage please. MONEY IS NEVER BORING!!!!
Thats gonna cost you buddy
For the right price maybe.
The best businesses are the ones which have minimal contact with customers. A lot less hassle. Storage lockers are in high demand.
Being in the customer service biz myself, I have to agree with you lol
@@michaellowe2305 I imagine you take a real beating in your line of work on some days.
Yep. Just cleared mine out after paying $73 a month for the last 30 months (Alaska). Our unit was 10x10 with a partial storage shelf in a gated business with security cameras. Just about every unit there was rented out and this was a larger storage company. It was only supposed to be a temporary solution while between places. The value of the contents was likely less than half of what we paid overall. The issue was how far away it was and life has a tendency to put up roadblocks making it difficult to get out of town for a few days.
"Buying an entire STATE!! See how much it makes! Epic cash collection!"
A dump truck full of quarters
Coming soon
He’s going to need a bigger bucket
5 years from now
@@fdny4891 I don't know aren't his heavy duty?
"Boring" is often very good, when it comes to business and investing!
I would advise you Invest in the most secure platform with Marvin kemp. He comes highly recommended and those that have reached out have great testimonies even myself. Marvin is best to handle you tradings. He works on a professional level with 99% winning accuracy.
Gas Station FYI- Always check the gas tanks for leaks before buying cause I personally had friends look into buying gas stations and you would be surprised which stations had leaks. Leaks let in water, then it cost hundreds of thousands of dollars to replace tanks.
not to mention if you have to deal with environmental. so expensive.
Leaking fuel tanks on NYC coastline mean salt water in the tanks.
About to tell same things
Not to mention trying to get USTIF to help with any cleanup always takes for ever to get your money. Literally as an environmental consultant, I'd tell you to stay far away from gas stations...but if you do get one, let me give you my card cause you're going to need it eventually.
Hopefully if he buys one its not to old as newer ones have special tanks.
My local storage unit has a self serve renting box. You swipe the card, pick a unit size and it gives you a key. Automatically charges you until you cancel
WHOA
Damn... that is some high tech customer avoidance :0
@@jabberwocker6305 more $$$$ less time
Is there a brand label on the equipment?
@@jayherrick3716 no clue
You don’t want a restaurant dude. I promise. The overhead is absolutely insane.
And the hassle is unreal too. Easily the type of business where you will receive the most abuse from your customers, though of course I doubt you'll spend much time there
@jimmy hopkins ideally you want something with either low or set overhead. Do you know how much you’re paying each month outside of the services you provide. If you find a niche market that’s even better. Ultimately the profitability of business has to do with your ability as a business owner or the market you’re in. Hi there is really no one be-all end-all “return great profit“ business. If there was, Everyone would run a business like that. Gas stations are highly profitable, but they’re also prohibitively expensive. Same thing with franchises like McDonald’s Taco Bell etc. Franchises return a great deal of money to their people, especially if you’re able to buy one out right and don’t rely on the company itself to provide you with a majority of your start up costs.
Small take out bistro ?
My husband's family owned several and it was a headache for them. I'm sure it's great for many but just didn't work for them.
Dude has stations are a massive headache also, thieves non stop, drive offs, robberies just a massive headache
You are monopolizing the whole area at this point. Nice
he deadass owns the whole entire neighborhood
Trying
Its not as bad, since he seems to be fair with pricing. A lot of monos charge up the ass for pricing
@@InvestmentJoy please don't move where I am.. 😂😂
😂😂😂
this guy is like a walking embodiment of that one Onion article
@@BaconBurger1928 yeah I remember that one 😂
Which one?
@@bertholdthoover8793 the man with 40000 jobs
@@mr16325 oh ok
Maybe add cameras to some units so people can check their unit from home. Use this as an additional upsale like +5$/mo or so.
Edit: So people don't have to worry if their things are still there. It gives customers a sense of security and people are often willing to pay extra for that feeling
He already said he was going to
@@MrLogan2600 Different. Brandon said he will add cameras to the property, Reddit Wolf is saying add them to inside the storage units. Then have a way a person can view this camera over the internet, so they can check on their property at any time. Basically a personnel security camera, instead of one for the business.
I was thinking of a security device on the door that will send a text whenever your door is opened or movement either or. I think would be cheaper than installing cameras
@@MrMushy1993 or, just like an ATM, as the doorknob is turned a camera in the door snaps a pic of who is in front of it.
@@MrMushy1993 and sends a text w/pic.
Your bank is going to think you're a drug dealer since you're probably turning in a lot of cash every week.
Nearly every banker in town now comes to the wash, so i guess they're in on it?
@@InvestmentJoy LOL! BK
What kind of drug dealer takes quarters
@@InvestmentJoy when we had a liquor store, the bank had a hard 3k a day cash deposit limit, was very annoying to work around
@@InvestmentJoy The Joy-Contra Scandal...
Man I remember finding you years ago when it was just the laundry mats , crazy how far you’ve came
I would advise you Invest in the most secure platform with Marvin kemp. He comes highly recommended and those that have reached out have great testimonies even myself. Marvin is best to handle you tradings. He works on a professional level with 99% winning accuracy.
Literally my favorite channel on youtube. Thanks so much for the inspiration, I've bought multiple vending machines in the past year and I'm even in the works of setting up taking over a laundromat in a building here in NYC as a start. I was in the same situation you were in, back when you were struggling and it makes me so happy how much you've succeeded and turned your life around. Been here since 50k subs and will be here till the end! Thanks again.
I hope you had luck 😁
Brandon definitely dominated monopoly games as a kid with Baltic and Mediterranean Ave.
YES 🙌🏻
Link up with Evan Jordan 🔥🔥...
W.H.A.T.S.A.P.P
+.1.4.0.5.4.0.0.2.2.2.8
@@investmentjoy3756 nope
Thanks for the comments don't forget to hit the subscription button +1=5=4=1=7=2=7=5=1=0=8… for guildiance
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This man is about to own a whole fucking town 😂
I would advise you Invest in the most secure platform with Marvin kemp. He comes highly recommended and those that have reached out have great testimonies even myself. Marvin is best to handle you tradings. He works on a professional level with 99% winning accuracy.
He is available on Telegram always on standby to attend to you. @ marvinkempofficial
"You have a lot of action and stuff."
The most profound youtube introduction I've ever heard.
I put a great many nuggets of wisdom there
Don’t forget to the fact that he says that with what appears to be a old machine gun and Rocket launcher in the background 😂
Talk about a cold open
How exactly does one preserve wealth?
One thing is to attain wealth and another is to keep it.
6:13 I like how there are 2 guns just casually at the background
It's for everyone who tells him to "invest in a gun"
And not just regular guns but an AT4 anti tank rifle. 😀
Wonder if it is real???
There's a fully loaded machine gun.
That's his plan to increase revenue... extreme-level security.
6:09 - the most american background ever:)
Are those real?
@@Murrel. ofc
@@raoufbensalem3417 damn
@@Murrel. it was a jk idk if those are real
The fact man in a little coat
you own three of the four businesses ive wanted to own. laundrymat, carwash, and storage units. the last i always wanted to own was a small roadside motel.
You don’t want a gas station getting/keeping employees that aren’t stealing from you is impossible.
yeah the coloreds!!!!!!!
Gas Stations would have a lot more costs for stock (fuel and drinks and snacks) and staff than the car washes and car wash tbh
@@lucasblake449 this isn't 1950🤣
my aunt and uncle have storage units and they are always full to the point they ran out of land so they had to buy more a few miles away. easy money and little work
How exactly does one preserve wealth?
One thing is to attain wealth and another is to keep it.
Ive always wanted a storage facility!
How exactly does one preserve wealth?
One thing is to attain wealth and another is to keep it.
Buy land start selling burial plots, and retire as a mortician.
@@victorvary1115 Read The Richest Man In Babylon
Thanks for the comments don't forget to hit the subscription button +1=5=4=1=7=2=7=5=1=0=8… for guildiance
=WhatsApp………..+++👼👼👼
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I love this. I'm currently looking for some land that I can start storage on. Really cool
I would advise you Invest in the most secure platform with Marvin kemp. He comes highly recommended and those that have reached out have great testimonies even myself. Marvin is best to handle you tradings. He works on a professional level with 99% winning accuracy.
He is available on Telegram always on standby to attend to you. @ marvinkempofficial
I feel for you Buddy !!! I do contract work for a storage owner and plain and simple the ones that pay are great but the ones that don’t are like dealing with children
How exactly does one preserve wealth?
One thing is to attain wealth and another is to keep it.
I'd love to see you breakdown and explain the financials of the storage lockers
Now that would be a cool video.
Yes plz
It's a way to make a bit of money off the land until you develop it into something else.
How exactly does one preserve wealth?
One thing is to attain wealth and another is to keep it.
Yes! This is the best! Car washes laundry mats and storage units. I feel are the easiest commercial property to get into and you're doing them all. Love your RUclips channel!
7:15 That's a good idea. Letting customers monitor their stuff online is like having free security guards.
Door guy here. worked on a ton of mini storage doors in years. likely your going need to learn to add tension to keep doors form wanting to fall. easy way is open it all way up, vice grip tracks. tie 1 to 2 ropes around it. take off guards, spin door in way it dont want to move aka adding spring tension, normally just 1 full roll, some times 2. line up and put back in track and put guard on. remove ropes and close door, door company going want $100 plus each time to visit.
Unless a nicer model where has some trick way to do on sides, but most cheapo ones don't have that.
Brandon should fix up the sno cone machine and get Post Malone to sell them at the car wash on hot days.
Might have to
Haha
Congratulations on your storage unit purchase. Still can't get over how cheap everything is in us. 150 storage unit place in Australia cost about 3 million+.
Love the videos
Shoenice really turned his life around, awesome 👏
BIG TIME
The improvements sound like a good idea. People want to feel safe when they go to their storage locker and also want to be confident that their stuff in storage is safe. And you can raise your prices. So win win.
My CPA has a client with a self storage unit - $30k net a year. Nice passive income.
I hope you exercise and practice your 2nd amendment.
🤣 the first one is out
@@analoglime it's never too late
@@advancedchiropractic667 so what’s your idea of a good reason for carrying a gun kinda contradicting yourself
Nobody going to mention the rpg and machine gun in the backround 6:10
fr lolz
came here looking for your comment
I mean... shall not be infringed. Not much else to say.
I want to see Brandon's uncle Bob talk about the snow cone machine lol
Just stumbled across your channel this week. I have to say I'm impressed with your shirt collection.
How exactly does one preserve wealth?
One thing is to attain wealth and another is to keep it.
I just found you on RUclips and now I am hooked.. love your content. Keep it up.
Successful people don't become that way overnight. What most people see at a glance-weath, a great career, purpose-is the result of hard work and hustle over time.
If you want to be successful have mindset of rich, spend less and invest more. Don't give up your dreams, Mrs Evelyn can help
Don't be in a haste to Invest. Know what and who you are investing to and sure that we the person will deliver before investing.
Learn and get the knowledge first before investing.....
I
Trusting and expert was never an option for me until I was introduced to mrs Elvyen on telegram by my brother to be real I received another 7bitcoin from my wallet
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it following some of us now
Next video: Buying the local GOVERNMENT
They’re already bought and paid
for...
he doesnt look jewish though
It’s a corporation in DC
@@geraldanderson7939 that comment is out of pocket.
@@geraldanderson7939 hahaha
If you buy a gas station please try to make a retro themed gas station that sells burgers and shakes to go as well. It'd be a big landmark for the area.
This is a very good idea, imo.
@@SymeonPhronema I'd love to have one where I'm at. It would set itself apart and people would go there just to take pictures and potentially buy something since they're there.
@@scottyhaines4226 I completely agree. If a person intends on starting a business of that type you'd absolutely need a way to set yourself apart from your competition. The retro look/atmosphere along with a quality burger/shake would go along way with people I believe.
@@SymeonPhronema i think so too. I was trying to get one opened where I last lived but the person who bought the gas station didn't want to spend the money for it. He would of made an absolute boon from he it if he did. I even offered to help come up with the menu and recipes but he just wanted to be a cheap ass.
@@scottyhaines4226 Unfortunately some folks don't understand that it takes money to make money. Stock market, ideas for businesses, etc. Ultimately it's people like you who would do well if you had one of those stations because you have vision, and foresight. Too many people want to buy a business, and then set it, and forget it.
Only just found your channel but god-damn am I absolutely hooked! The way you break things down is captivating and so easy to understand 👌
storage lockers make me sad. People put in the stuff they gather throughout their lives, every item probably has its own memory that is gone forever. They pay to keep it there, die and it ends up as trash auctioned to people looking for items to sell.
Add grid-tied solar to roof and profit on net metering your surplus energy!
I had a feeling these did well after finding out most where I live had no vacancy and kept raising rates. Shortly after two new storage facilities have been built one is indoor with two stories climate controlled! Im considering buying one or having one built.
Yep, called it. The third one was a storage company, not surprising at all. Thing about a facility like this is that is can be a pretty passive investment; there really isn't a lot that can go wrong as long as you do the basic maintenance and keep it reasonably clean and secure.
DO NOT but a gas station, unless you plan on making money from selling stuff in the store gas profits are horrible
I agree, buying a gas station is not a good business idea.
agree you have to make sure it’s a ga station that’s always busy
If you have an extra space you can expand for more storage, for example smaller lockers, vehicle storage, ect.
The freaking AT4 rocket tube in the background 😳
How exactly does one preserve wealth?
One thing is to attain wealth and another is to keep it.
This guy is so transparent yet humble
Great vid. I'm definitely interested in the financial aspects of the storage facility
Man props to his man for not click baiting
Nice star wars shirt dude, brings me battlefront 2 game memories lol.
Link up with Evan Jordan 🔥🔥...
@@investmentjoy3756 you just copy the creators name and picture. Youre a scam d bag
Remember if you host any storage auctions, contact the Hales. Then we can get it on two channels.
Is the swedish AT-4 aka "pansarskott" at 6:25 in part of the security? 🤣
Good to see shoenice is doing well these days
You're making yourself a target at this point. Proceed with caution
What do you mean ?
Your videos have inspired me to take business management classes
Hi Brandon, I was just wondering when will the rest of the Danny videos be uploaded?
For your storage facilty, without it being "gate secured" you are likely never going to drive serious revenue because people won't pay for what they consider to be insecure. This is particularly important when you consider that the abandoned Wally World behind you isn't driving an image of a secure area. So gating the facility would likely be a good way to drive up your overall rents. Cameras, lighting, and the like also go a long way towards supporting that view. Also, moving away from storing your own stuff is another key. Your car wash business should be paying for it's storage space at market rate. Even if it's a purely paper transaction, you need to show it and prove it. That would already change the number around a fair bit - and likely encourage you to limit how much space you use for that stuff. Overall, you seem to have bought three business that could do better, but investment will be needed.
A couple of car washes near me also have a little self-washing station for dogs. I'm just curious about how much if any, value you think something like that may add. Given this is a really small area so these are only one automatic bay and one self wash bay for the car wash
I would never have thought about that. A mobile dog wash service will cost you from $50 USD for a small dog here in Australia
I know a guy with 2 car washes. He installed dog wash stations at both locations about 5 years back. He says they're doing well for him. They weren't cheap though. He went with the more expensive option.
You could possibly boost sales at both your storage facility and carwash(es) by offering say, 1 free wash a month for as long as you have a storage unit. This May be a bit far of a stretch, however considering the carwash is so close it may work since everytime they visit the storage locker facility, the carwash is also in view. Hope something like that helps! love the videos!!
No reason to when the storage facility is priced as cheap as it is and the tenants are a sticky as they are.
I like watching someone count money, buy what is lost in these videos is any accounting for overhead, depreciation, wages and taxes. Let's actually see his bottom line because that is what matters most.
Not much, which is why he bought them. Minimal overhead in all departments. Trailer parks he should sell after he buys more hassle-free businesses.
This dude is an inspiration man. 👏🏽
How does the real estate figure into the business valuation? I find most sole proprietor situations tend to value themselves so high that the real valuation is much lower that the offer offends. How do you manage that situation. Also, if a business broker is involved the asking prices seem to me quite high bordering on not realistic; how do you manage that situation?
Great videos. You know you are somewhere down south when there is a rocket launcher and machine gun in the background 😂
I would advise you Invest in the most secure platform with Marvin kemp. He comes highly recommended and those that have reached out have great testimonies even myself. Marvin is best to handle you tradings. He works on a professional level with 99% winning accuracy.
He is available on Telegram always on standby to attend to you. @ marvinkempofficial
The banks prolly think your a stripper
🤣
😂😂😂
You are the real mvp hustler, I love how you do multiple things for income!
You'll at least double the amount of times being cussed out when you raise the rents!
Worth it.
INVESTMENT JOY, what methods will you be using to drive more business to your storage facility? A modest discount for the first month usually grabs the attention of potential customers. After they move in they can use your carwash. You're gonna own the whole town in a couple of years. lol. I love watching your videos and ideas.
Facebook, we can hit 100% easy
Ha I knew it!!!!!!
Can't help but feel excited for you Mate! your an inspiration to entrepreneurs alike!
Thankyou for doing the videos and just being YOU!!!
Never give up!
Something tells me that that storage locker with all the car wash parts and soaps in it was owned by the previous owner and he just inherited as part of a larger deal to include the Car Wash.
could you make a video on how to go about your first piece of investment property? and how to go about getting started?
“And the strip mall next to me which i was told was recently purchased by a investment firm.... not me.”
Next video:
“So I bought this strip mall..”
Link up with Evan Jordan 🔥🔥...
W.H.A.T.S.A.P.P
+.1.4.0.5.4.0.0.2.2.2.8
Congratulations 👏👏
I've always wanted a storage unit area. This is my dream
Next Video: I bought a Wal-Mart. Here is how much money it makes.
Slowly do rent increases, make sure all units are available, make capital expenses like security upgrades, and stay on top of late customers.
I see where this is going. Next purchases: An RV fleet and a chicken fast food chain.
Link up with Evan Jordan💯💯💯
W.H.A.T.S.A.P.P
+.1.4.0.5.4.0.0.2.2.2.8.
Hey, if you buy a gas station.
Make sure you add a Duncan Donuts that will be inside the station. Here in Toronto, we have
Tim Hortons in pretty much every
gas station. And it's always a lineup. You're so lucky there in Ohio
everything is so cheap to buy there.
Here our rents of apts are 1.500 to
over 2.000. It's crazy?
Just bought a home for 2.6 million.
20 years from now : buying the last 0iece of property that I dont own Near Columbus ohio
Owning a storage facility is my dream #1 goal!!! Financials are fun!
... Are you just trying to buy out your whole town now? Who sold to you and made you King? LOL.
You're doing it right by purchasing businesses that doesn't require people or employees being there. A gas station on the other hand would be a huge nightmare finding and keeping reliable employees.
Hey I’m kinda early what’s poppin
Hi Brandon, great video and been following you from over 4000 miles away in the middle of the Pacific Ocean. I appreciate your contents and wealth of information as I gather for my own plans in buying a business sometimes in the near future. Thank you for keeping the vids up and going and I'm one of your big fans.
OMG, I came across your channel because my aim is to become financially independent. Thank you for sharing & the name of your channel is on spot on. Keep up the great job. Im now one of your subscriber.
You could package the storage rates with a monthly car wash subscription. That's a unique pairing not available anywhere else. It would give you an edge in marketing and I bet it would make it easier to increase the average monthly rate by justifying it with the car wash aspect. If I was in that area and needed storage I would choose the only one that also bundles in "free" car washes. (limited by issuing single use codes monthly when storage rent is paid)
@Investment Joy Thanks. Not looking to invest, just giving you my thoughts on what I might consider if I was in your position.
Right here in California
A lot of people live in storage places
I agree, I ended up with my storage unit for far longer than I had anticipated. I had to move my Mom because she could no longer live alone, that was April 2020. It is almost a year later and I am just now getting the mess out of storage. Even if I sold the majority of it I would still loose a lot on storage fees.
>LGBT
6:20 Glad to see you're carrying now with all that money!
The time expense figures are amazing.
Nice boom sticks in the background!
You should've bought a Gas Station.
You need to add a 8ft barbed wire chain linked fencing around the Storage Facility with a barbed wire electric gate plus add LED lighting and Cameras around the whole facility plus two cameras (coming and going camera) at the gate it would help alot if someone broke into the storage facility but don't give the renters access to the camera system cuz they'll miss use it I know that cuz I have several friends who own storage buildings. Plus you should reseal the driveways at the storage facility and the car washes so it makes the look alot nicer and it will show the public that you really care about what your facilities look like and take good care of it.
Also Show us how the vacuum's at the car washes work you've already showed us how everything else at the carwash works.
Fencing is cheap.