Subscribe to Entrepreneur for $5
Subscribe

Record Storage

Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No

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.

Business Services Related Ideas

Locksmith

Help people when they're locked out and need assistance.

Notary Public

Be the go-to person when others need forms notarized.

Personal Assistant

Busy executives and business owners can use your help with everything from answering phones to purchasing gifts.

Home Office Planner

Think you have the key to office space success? Help entrepreneurs design their home bases.

Read More