Tips for Starting a Successful Business

Taking A Closer Look At The BIG Benefits Of Using Storage Facilities For Business Inventory

27 April 2016 by Brianna Cole

Keeping your store fully stocked and ready for customers is bound to be a challenge at times, but especially so if you don't have a lot of warehousing space to store extra inventory within reach. This is just one of the many reasons why it makes sense to check out a business storage facility as a solution to house all of that extra merchandise that you need. Here are a few other huge advantages you could gain as a retail store owner who stores your extra inventory in a local business storage facility. 

1. It is much cheaper to use business storage than to expand or buy more real estate.

Many retail stores who are lacking in storage space automatically jump to the options of either expanding their existing store or investing in a new place of business. However, it is a much more cost-efficient idea to store extra inventory in local storage facilities. Even with the added costs of transporting inventory to and from the facility, you would still be saving quite a bit of money. You will usually be able to find a 10 by 30 foot storage unit for around $175 a month, which will give you an ample amount of storage space. 

2. Your items are stored in a secure place.

As long as you choose a storage facility that has a good security plan in place, your store's inventory will be well secured. Look for a facility that has a gated setup, security officers on staff, and efficient locking systems on each unit. With part of your inventory in storage and not stored on-site at the store, if something does happen to damage your store, all will not be lost because you will still have some merchandise in storage. This is why some retail store owners choose to store some of their more costly merchandise in a storage facility. 

3. Pay on a month-by-month basis instead of lengthy leasing charges. 

If you go with an industrial warehouse to store your extra store inventory, you will likely have to go with a lease agreement that lasts for as long as six to 12 months. With a self storage facility, your billing terms will normally be on a month-by-month basis. Therefore, you will only have to pay for storage as it is needed instead of having to pay for dead space when it is no longer necessary. For example, if you only need extra space for inventory through the holidays, it is much more logical to pay for storage for a few months than to lease warehouse space for a full year. 

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