1. First, get a handle on your business needs
Different businesses have different storage requirements, and the type of storage unit you choose directly depends on your specific needs.
Start by taking detailed account of your items and/or business equipment. Note sizes, quantities, and any special storage requirements. This initial assessment will help you determine the appropriate size and type of business from a storage unit. For example, if you run a business from a storage unit, or use it as a co working space, you'll need space for both stock and operations.
Consider how often you need to reach your items. You may need to choose a storage unit with convenient access hours.
Finally, think about future needs. Growing businesses have changing storage requirements, so select a flexible, easily adaptable solution.
2. Benefits of using a storage unit for business inventory
If you're a small business, getting affordable, extra space for your inventory makes a big difference. Let's explore the key benefits:
- Cost-effectiveness – Renting a storage unit is often cheaper than leasing traditional commercial spaces. This can help you save on overhead costs.
- Flexibility and scalability – Storage units come in various sizes, allowing businesses to choose a unit size that fits their current needs. Remember, you can easily upgrade to a larger unit.
- Security features – Many storage facilities provide secure environments with CCTV, alarms, ensuring your inventory is stored safely.
- Accessibility and convenience – Self storage units (like those at HOLD) often offer 24/7 access, making it easy to retrieve or add items to your inventory as needed.
- Reduced clutter – They can free up valuable office space or retail floor space, making your main business area more organised and efficient.
- Temporary storage solutions – For businesses undergoing renovations or relocating, storage units provide a temporary solution without interrupting operations.
- Seasonal storage – Businesses with seasonal peaks can use storage units to store stock during off-peak times, ensuring they have ample space when demand increases.
3. What types of businesses benefit?
- Retailers – Both online stores and physical stores can use storage units to store excess inventory, particularly during peak seasons.
- Contractors and tradespeople – Storage units offer ample space for storing tools, equipment, and materials, keeping them secure and organised.
- Event planners and caterers – These businesses often have varying stock amounts and equipment needs, making flexible storage options ideal.
- Seasonal businesses – Businesses with seasonal demand can use storage units to store stock during off-peak times, reducing the need for permanent warehouse space.
- Businesses with sensitive documents – Climate-controlled document storage can keep important files safe and in good condition.
4. Choosing the right storage unit
Many storage facilities offer various unit sizes to accommodate different requirements, providing ample space for all your business storage needs.
Feel free to use our self storage unit and size calculator for a better understanding.
If you're storing sensitive items, consider a climate-controlled unit to protect against extreme temperatures and humidity. Location is also important, so choose a storage facility close to your back office or HQ. Moreover, ensure the facility offers robust security measures such as CCTV, alarms, and controlled access to keep your stock safe.
Finally, think about your business growth – as you expand, you may need more space for inventory storage. This is relevant for businesses that experience fluctuating stock during high seasons.
5. How to prepare your inventory for storage
Ensure your items are well-organised, easily accessible, and protected from potential damage.
- Start by getting good packing materials, using sturdy boxes and bubble wrap to protect fragile items.
- Clearly label each box with its contents to make retrieval easier and to keep track of your stock.
- Regularly update this list to track stock levels and ensure you know what’s in your storage space.
Arrange items in your storage unit logically. Place frequently accessed items near the front and stack boxes neatly to maximise space. Consider using shelving units to keep items off the floor and to utilise vertical space effectively.
6. Legal and insurance considerations
Navigating the legal and insurance landscape is essential. If your needs have the potential to be temporary, avoid getting locked into a lengthy contract. Thoroughly review the rental agreement so you understand the terms related to access, rental duration, and any restrictions on what can be stored.
Remember, each facility has its own individual policies, so it's important to know what is allowed and any conditions that might affect your business. While some facilities offer insurance options for stored items, most don't. Check what's covered by your business insurance, as you may need additional coverage.
Compliance with local business regulations is key when storing inventory in a storage unit. Ensure you're aligned with any safety, health, and environmental standards. This helps avoid potential legal issues and ensures your business runs smoothly.
HOLD puts your business first
Are you a business owner seeking storage in the London area, HOLD is your best bet. When we saw that the industry was underserving many customers, we wanted to put a stop to it. That's why we created a truly modern storage facility. Being based in London, we understand the shifting needs of London businesses. Affordable, conveniently located (near Kings Cross station ), and equipped with advanced security features, your next business storage stock couldn't be more secure.
Not only can you store business inventory in a storage unit at HOLD; you can even run your business from a storage unit! We're proud to support many local businesses. Thanks to HOLD, wine sellers, vintage furniture retailers, tradesmen, and e commerce businesses are saving money and expanding.
Contact our friendly team for a free quote and enjoy 50% off for the first month.
Frequently Asked Questions
Can you run a business from a storage unit?
Yes, our self storage facilities provide the flexibility and space needed to manage stock and operations. Just ensure you understand the t's & c's that apply.
How often can I access my stock?
HOLD offers 24/7 access to storage units, allowing you to retrieve or add items at no cost at any time. This flexibility ensures that you can manage your business operations efficiently.
Are there restrictions on what can be stored?
Yes, HOLD has restrictions on certain items. Hazardous materials, perishable goods, and illegal items are generally prohibited. Always check the specific policies of your HOLD storage facility to avoid any issues.
How safe are HOLD's storage units?
HOLD provides robust security features, including CCTV surveillance, controlled access, and alarm systems.
Can I use a storage unit as a hobby workshop?
The short answer is yes. HOLD offers flexible spaces suitable for various projects. However, ensure your unit has adequate ventilation and meets any specific requirements for office space you have. Explore our guide for more info.
What cannot be stored in a storage unit?
In the UK, the following items are typically prohibited from being stored in a storage unit:
- Flammable, explosive, or hazardous materials
- Perishable goods
- Living items (plants and animals)
- Illegal items
- Scented or wet items
- Firearms and ammunition
- Cash and securities
- Radioactive materials
- Toxic waste