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.
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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.
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