Record Storage
Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? Yes
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.
Record Storage Ideas
Flier Distribution Service
Help clients distribute fliers with this low-cost advertising method.
Red Carpet Service
Make a business out of giving parties the Hollywood treatment. Red carpets, valet service and emcees are just some ideas for this event planning service.
Freight Broker
Match shippers and transportation services as a freight broker.
More from Business Ideas
He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss
Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.
The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year
Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.
20 Side Hustle Ideas for Summer 2024: Part One
Instead of spending money this summer, prepare now to make extra cash through the following side hustles while still enjoying your free time.