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Stumbled into this thread because I'm a storage unit guy that came to ask a question of my own. With that in mind, I could offer some insight into UHaul that would lead me not to recommend.
I'm a smaller operator, about 15K sqft under roof, 51 units, and about 20ish outside RV parking spaces.
Our best month with Uhaul over a period 3 years ago of May - October was $827. I'm 1.5 miles from the town center of 137K people, and .3 of a mile off I-24, roughly 30 minutes south of Nashville. There's at least a dozen Uhaul locations within 5 miles of me, likely more now.
UHaul will bring you the people of Walmart customers you never wanted to deal with. They'll damage property, abandon vehicles blocking access to crucial areas, and once or twice a month you'll have a stolen one abandoned somewhere on the premises.
We had trucks returned that needed a gallon of purple power dumped in the back and literally hosed out. UHaul will credit you $20 for your troubles.
3/4 of the time a truck won't be returned with the proper fuel level, so you'll be responsible for driving it to the gas station, filling it up, submitting paperwork to UHaul, and waiting to get reimbursed on the next month's direct deposit.
On average we did 10 rentals a week, and had 16 trucks taking up space on the lot, and I couldn't attribute a single one as a conversion to a customer whom later rented a storage unit when it was all said and done.
Those 16 spots now generate over $700 worth of hassle free, hands off RV parking every month.
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This has been my experience with uhaul as well. About 2 good months a year, college move in and out. I was hoping it would bring enough business that I could justify adding an employee, but we averaged maybe 300/month with it. It keeps you tethered to your location, and people always call and want their hand held for a rental at your least convenient time of day (when they could do it online).
I'd maybe have dealt with that kind of stuff. Heck, having uhauls full of gas on my lot seemed advantageous to me if we had a big SHTF scenario. But, the customers uhaul brought in are people that I previously just thought didn't exist. Terrible people, just pure trash. 1/4 customers were pleasant, renting it for some hobby or business use, but the rest were just awful disgusting people bitching at you on their most stressful day of the year which is moving day.
Can't believe how nasty people are. Hotboxxing the truck for 1000 miles windows up chain smoking
, dog hair, melted hard candy, gum, sunflower shells. Just awful.
That being said I think uhaul is a great company run by conservatives, and if you think the location would be busy enough to hire someone else to deal with the assholes, it would probably be worth it.
As to your question, we had better luck growing the business which grew into the space we had. Getting side tracked with crap that we weren't passionate about just slowed us down. If you're doing CNCing, the growth potential is incredible. Could be manufacturing widgets and the rest of your space would be dedicated to a warehouse and shipping department eventually.
If you want to utilize the parking lot, see if someone local is making stuff they want to display but they deal with the sales/delivery and everything. Maybe a local guy making deer blinds, sheds, or utility trailers to display. Something without a long contract and they offer you rent or a % of sales.