The Sweaty Startup

370: How I Started and Sold Storage Squad in College Which Lead to My R.E. Journey

Jan 17, 2024

This podcast explores the challenges and successes of starting and selling a storage and moving company in college, and how it led to a career in commercial real estate. They discuss the mindset of over-dependent college students and their parents. They also share insights on starting and growing the business, selling it, and venturing into commercial real estate. The hosts also talk about their experience getting a loan and developing a self-storage facility.

11:58

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Quick takeaways

Starting a simple pick up and student storage moving business in college can lead to building a successful company with multiple 7 figures in revenue and a profitable exit.

The self-storage industry presents opportunities for entrepreneurs to leverage their operational expertise and capitalize on inefficiencies in the market.

Deep dives

Starting a Moving Storage Company

The speaker shares the story of how they started a moving storage company during their junior year of college. It began when a student's mom asked them to store her son's belongings and they realized there was a demand for storage services for college students. They quickly expanded, rented warehouses, and hired employees. Eventually, they sold the business for $1.7 million.

Introduction

4min

The Mindset of Overly Dependent College Students and Their Parents

2min

Starting and Growing a Moving Storage Business, Selling, and Venturing into Commercial Real Estate

4min

Getting a Loan and Developing a Self-Storage Facility

3min

This is the story of how I started a simple pick up and student storage moving business with my friend and now longtime business partner Dan Hagberg in college. This was never our plan but the opportunity presented itself and we decided to go all in.

Through a lot of grit and hard work, we ended up building the company to multiple 7 figures in revenue and eventually exited in 2020. This business taught me almost everything I know about how to operate, hire, manage, delegate, and succeed. It later led me to real-estate and self-storage which changed my life and career.

Thanks for listening!

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