Robby Robins
Eagle Mountain, UT (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Saratoga Storage
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Startup
Location:
Eagle Mountain
Industry:
Real Estate
Year Founded:
2008
Number Employees:
1-10 people
Description:
I have a business plan that describes a proposed self-storage facility to be established in Saratoga Springs, Utah involving the construction of a new building. Total project costs are estimated at estimated $2,000,000 including building construction costs, pre-opening expenses, as well as land purchase price at $4 per square foot for a 7 acre piece of land in Saratoga Springs, UT.
Based on current and projected strong demand for self-storage units, rental revenue is projected to grow rapidly as units fill up from the first year's target of $320,000 to $684,000 by year three.
Need 30% down in order to get funded for a loan through a local reputable bank/lending institution.