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How To Start a Boat and RV Storage Business in

South Dakota

Wondering how to start a boat and RV storage business in South Dakota? Looking to start a boat and RV storage business? Nate Jones Entrepreneur is here to help you with a free boat and RV storage business plan below. Starting your boat and RV storage business in South Dakota the correct way is important.

How much does it cost to start a boat and RV storage business?

  • $150,000 - $300,000 - For a 2-3 Acre Vacant Lot 

  • $200 a year for a website

  • $10,000 - For fencing and security

  • $30,000 - Grading of Land and Gravel Installation

  • $1,000 a Year for Liability Insurance - If you need insurance, reach out to Wexford Insurance, they work with a lot of Storage Businesses. wexfordins.com

  • $2,000 a Year for Marketing

  • TOTAL COST TO START: $42,200 of fixed costs, $150K-$300K in real estate costs that can be financed with 25% down ($37,500 - $50,000). 

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How much money can you make starting a boat and RV storage business?

  • $360,000 a year!

  • Average Monthly Per Unit Rental Income: $100-$500 = Average $300 a month

  • Average Units Stored: 65 Units per acre * 2 Acres = 130 Spots

  • Simulation: 100 spots rented for $300 a month = $30,000 a month or $360,000 a year!

 

Are boat and RV storage businesses profitable?​​

  • Yes, as long as your pricing is efficient and profitable based on your initial investments, this business will always be profitable if you initial costs are not too high. 

  • The challenge with this business is finding the right property to build your storage yard on. 

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Types of Storage Businesses:

  • Self-Storage Business

  • Heavy Equipment Storage Business

  • Truck Storage Lot Business

  • Boat and RV Storage Lot

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Positives of a Boat and RV Storage Business

  • This business is in a niche. There are not a lot of storage locations out there because people don't realize how much money is in it., therefore you have less competition.

  • This business is always needed. People do not readily have their own space to store their toys, equipment, and business assets.

  • This business is passive. With the right gate and security, you can make money while you sleep

  • This business has high profit margins.  

 

How to Start a Boat and RV Storage Business 

  1. ​Save up money for down payments on land and initial expenses.

  2. Form your LLC with the Federal Government and Local Government

  3. Create your website and social media pages

  4. Purchase Insurance

  5. Find a Lawyer to draft your customer service contract

  6. Make connections with local realtors, contractors, property managers, and homeowners.

  7. Implement local marketing. â€‹

Sioux Falls - Rapid City - Aberdeen - Brookings - Watertown - Mitchell

Need Help Finding a Business Idea?

Download my
E-Book

Are you wanting to start a business but don't know which one or where to even look? Great news, I have done the hard work for you. In this book, you will learn the following: 

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  • How to find a business idea that fits your lifestyle.

  • How to uncover business ideas that no one else is starting.

  • How to potentially buy your first business instead of starting one.

  • How to start your business and set it up to succeed.

  • How to scale your business so you have a life.

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Looking for a Business Idea?

Are you looking for a business idea? Want to be an entrepreneur but don't know what business to start? This course, Business Idea Blueprint is for you! In this course I will help you find a business idea there is actually an opportunity in. Also, I will help you determine which business is right for you and how to get it off the ground and running! â€‹â€‹â€‹â€‹â€‹â€‹

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