Where One Dream Ends a Self Storage One Begins

Posted on May 22 2014 - 11:43pm by John Stevens

Boyz II Men were absolutely right when they sang about how hard it is to say goodbye to yesterday. When you are with someone or something for so long walking away from it—for any reason—is hard. However, at the same time it can give one a rare opportunity; something that many people would love to have—a chance to begin anew.

When Brian Maidman opted to sell his moving company—Maidman’s Limited– recently for an undisclosed sum of money he got just such a chance. How did he want to spend that second chance?

He decided he wanted to create a self storage company.

“After 35 years in the removals industry, developing Maidman’s to its size and enviable reputation, I wanted to concentrate on Store & Secure. Both my daughters will work with me and we’ll operate as a family business.

“Our plan is to develop a multi-site operation; we definitely have growth in mind and will be very active in the market.

It seems like a pretty reasonable switch; from moving people’s belonging to storing them. If people are wondering whether he is going to be able to make that transition they should take the one requirement he had in respect to the sale in to consideration.

“Regarding the sale of Maidman’s, we didn’t want just any buyer. It had to be a company that could maintain the Maidman’s reputation and retain all the staff.”

If a person is going to take that kind of care for a business he is leaving chances are he is going to take good care of his remaining business venture.

Maidman has just one facility at the moment, but aims to have numerous in the near future. Along with storage office space is available for those that could use it. In the meantime, Maidman has plans in motion to expand his current facility by adding an additional 27,000 square feet of storage space.

Concentrating on the self storage industry is not a surprising move at all. According to a recent report the industry is doing well in the United Kingdom. On average occupancy rates have gone up from 68 to 71 percent, but almost more important is the perception that most managers and owners have in the future of the industry.

This year 79 percent of respondents said they felt like they were going to see a profit. Last season only 35 percent  expected to see a profit.

 

Sources Used:

“Removal company to redevelop as self-storage business after being sold for undisclosed sum.” Daily Echo; 21 May 2014.

“The Self Storage Association UK Annual Survey.” Self Storage Association UK.

 

Store and Secure.

Where One Dream Ends a Self Storage One Begins

About John Stevens

John Stevens from Extraspace.com reports on the thriving self storage industry in the Pacific Rim and around the world with information from sources such as AsiaOne Business magazine, Inside Self Storage and operator websites. John is an avid blogger and outdoor enthusiast.
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