Record Storage

Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? Yes

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.

Record Storage Ideas

Red Carpet Service

Make a business out of giving parties the Hollywood treatment. Red carpets, valet service and emcees are just some ideas for this event planning service.

Freight Broker

Match shippers and transportation services as a freight broker.

Management Consulting and Training

Help other entrepreneurs train top-notch management.

More from Business Ideas

Leadership

Could the 2024 Election Let Employees Take Your Trade Secrets? Here's What You Need to Know.

The U.S. Court has suspended the FTC's ban, but it's not going to go away.

Starting a Business

This Ex-CIA Officer's Near-Death Experience Inspired Her to Start a Business That's Earning Over 8 Figures a Year: 'I Have a Higher Risk Tolerance Than Most'

Emily Hikade, founder and CEO of luxury sleepwear and home company Petite Plume, had an unconventional path to entrepreneurship.

Side Hustle

Teen Brothers Started a Side Hustle on Facebook Marketplace That's on Track for $1.2 Million This Year: 'Quit My Job and Went All In'

Kirk and Jacob McKinney turned their high school side hustle into a lucrative full-time business.