Lessors of Miniwarehouses and Self-Storage Units Revenue Benchmarks
The average lessors of miniwarehouses and self-storage units business in the United States generates $751K in annual revenue, according to the U.S. Census Bureau Statistics of U.S. Businesses (SUSB 2021). There are 9,502 lessors of miniwarehouses and self-storage units businesses in the U.S., employing 46,279 workers with an average profit margin of 20.0%. The average employee in this industry earns $53K per year (Bureau of Labor Statistics QCEW 2023).
What Does a Lessors of Miniwarehouses and Self-Storage Units Business Actually Do?
Self-storage facilities renting small units to consumers and small businesses. Include national chains (Public Storage, Extra Space) and independent operators. Revenue is largely rent plus tenant insurance and late fees.
Who buys: Consumers between moves or downsizing; small businesses storing inventory or records.
Average Revenue
$751K
per year
Profit Margin
20.0%
industry average
Revenue / Employee
$154K
per year
Total Businesses
9,502
in the US
Est. Owner Income
$150K
small business avg
Labor Cost
25.0%
of revenue
Avg Employee Wage
$53K
per year (BLS)
Market Saturation
2.9
firms per 100K people
How Much Do Lessors of Miniwarehouses and Self-Storage Units Charge?
Self-storage operators charge monthly by unit size, with climate control commanding premium.
| Service | Typical range |
|---|---|
5x5 (small locker) | $40–120/month |
5x10 | $60–180/month |
10x10 (bedroom) | $90–250/month |
10x20 (multi-room / vehicle) | $150–400/month |
10x30 (large / commercial) | $250–600/month |
Climate-control premium | +20–50% over standard |
Late fee | $15–35 per late month |
Ranges based on industry rate surveys and typical published pricing. Actual quotes vary by city, business size, and job complexity.
Complete lessors of miniwarehouses and self-storage units business plan
A 12-section data-backed business plan for a lessors of miniwarehouses and self-storage units business — executive summary, market analysis, competitive landscape, revenue model, 3-year financial projections, operations, marketing, staffing, funding request. Pre-populated with real Census, IRS, and BLS data on this industry. Free to view.
Cost Structure — Where Every $100 in Revenue Goes
Approximate P&L breakdown for the lessors of miniwarehouses and self-storage units industry. Labor share and net profit are grounded in Census SUSB and IRS SOI data. Other lines are split using sector-typical ratios.
| Category | Per $100 revenue | Per typical business | What's in it |
|---|---|---|---|
Property expenses | $8 | $62K | Maintenance, repairs, property taxes, HOA fees, utilities on managed properties. |
Wages & benefits | $25 | $188K | Payroll for all employees at the business (owner comp not included for small owner-operators). |
Rent & facilities | $3 | $21K | Rent or mortgage on business location plus utilities tied to the space. |
Marketing & advertising | $8 | $62K | Google/Meta ads, SEO, print, referral fees, event sponsorships. |
Other operating costs | $36 | $268K | Insurance, legal, financing costs, agent commissions to sub-agents. |
Net profit | $20 | $150K | What remains for the owner or shareholders after all business expenses. |
Directionally accurate for a typical business in the industry. Individual businesses vary widely — a franchise may run a very different cost mix from an independent, and older established businesses often have lower labor share than newer ones.
Average Revenue by Business Size
Industry Dynamics (Census BDS 2023)
New Business Rate
11.09%
openings/year
Closure Rate
9.5%
closings/year
Net Job Growth
+2.45%
annual
Businesses Closed
9,235
in 2023
Firm Count Trend
Should You Start a Lessors of Miniwarehouses and Self-Storage Units Business?
Startup Cost
$50K – $250K
Break-Even
12 months
5-Year Survival Rate
50.0%
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Frequently Asked Questions
- What does a lessors of miniwarehouses and self-storage units business do?
- Self-storage facilities renting small units to consumers and small businesses. Include national chains (Public Storage, Extra Space) and independent operators. Revenue is largely rent plus tenant insurance and late fees. Consumers between moves or downsizing; small businesses storing inventory or records.
- How much do lessors of miniwarehouses and self-storage units charge?
- Self-storage operators charge monthly by unit size, with climate control commanding premium. See the pricing table above for typical rates by service type.
- How much does the average lessors of miniwarehouses and self-storage units make per year?
- The average lessors of miniwarehouses and self-storage units business generates $751K in annual revenue, based on U.S. Census Bureau data (SUSB 2021). After expenses, the estimated owner profit is $150K per year at a 20.0% profit margin.
- How many lessors of miniwarehouses and self-storage units businesses are there in the US?
- There are 9,502 lessors of miniwarehouses and self-storage units businesses operating in the United States, employing a total of 46,279 workers.
- How much does it cost to start a lessors of miniwarehouses and self-storage units business?
- Startup costs for a lessors of miniwarehouses and self-storage units business typically range from $50K to $250K, with a 5-year survival rate of 50.0%.
- What is the average salary in the lessors of miniwarehouses and self-storage units industry?
- The average employee in the lessors of miniwarehouses and self-storage units industry earns $53K per year, according to Bureau of Labor Statistics data (QCEW 2023).
Industry Growth & Survival
The lessors of miniwarehouses and self-storage units industry is actively growing — adding jobs at a net rate of 2.5% per year. New establishments are opening faster than existing ones close (11.1% entry vs 9.5% exit), indicating healthy demand.
Approximately 61% of lessors of miniwarehouses and self-storage units businesses survive their first 5 years. This is above the national average (~50%), making it a relatively safe industry to enter. In 2023, 9,235 firms in this industry closed permanently.
Employment & Wages
The average employee in the lessors of miniwarehouses and self-storage units industry earns $52,654/year. This is near the national average of ~$65K. With 18,104 establishments employing 59,108 people, the typical business has about 3 employees. Most businesses in this industry are small operations — often owner-operated with minimal staff.
Industry Trend (2000–2023)
The lessors of miniwarehouses and self-storage units industry has declined 1% since 2000 (from 87,451 to 86,663 firms).
See full historical statistics →Compare Lessors of Miniwarehouses and Self-Storage Units revenue with other industries: