3min chapter

My First Million cover image

#127 with Nick Huber - Building a $10m Self-Storage Business and the Opportunities in "Sweaty Startups"

My First Million

CHAPTER

How Much Equipment Did It Take to Automate That?

A self storage facility that does 500 grand a year in revenue, you know, our cost our competitor maybe making 250 grand a net operating income we're making 350 grand. So on one side door number one is traditional the guy across the street from you who's not doing it your way. He might be paying a total of what like $50,000 a year something like that to kind of manage that property or more do you think? Yeah, 80 grand a year retail hours. One employee can't work retail hours all year. They've been doing it one way the whole the whole time they want to see people and shake their hands. I mean, if you ever tried to teach your

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