Self Storage For Businesses In El Dorado Hills
Updated: Aug 22, 2022
One of the strengths of our community here in El Dorado Hills is our large and diverse number of local small businesses. We know firsthand the challenges many different types of businesses face. And with that in mind, we wanted to take the opportunity to talk about how self storage can be used to help overcome some common problems business owners face.
Space is often at a premium in offices, retail stores, and home-based businesses. Documents, inventory, and equipment can quickly fill up and overcome your operation if you don’t have enough space to easily store and manage all of it.
Using self storage for your business is often a fast and budget-friendly way to overcome temporary or longer term space issues, and there are many ways to take advantage of it.
Carrying inventory is always a balancing act for retailers. Getting the lowest prices from suppliers often means buying in larger quantities, and finding a place to keep everything can be difficult. On top of that problem, seasonal items and products that don’t move quickly can take up valuable storage space that could be used for better performing products.
A climate-controlled self storage unit is an excellent way to store inventory offsite in a secure and clean environment.
It is also a solution for pharmaceutical reps who may be traveling regularly and either don’t need or want an office, but still a place to store samples, equipment, and documents.
Furniture & Equipment Storage
Self storage is an option for offices that have an overflow of supplies, office equipment, or office furniture. Storing unneeded items off-site is a great way to free up valuable space and create a more pleasant workspace for employees.
Landscapers, contractors, and even mechanics may also find having a storage unit useful to store parts and equipment. Off-season storage can be helpful to keep tools and supplies that you’ll use later in the year in good condition without taking up space in your office or home.
There are numerous federal and state laws regarding document retention for employers of all sizes. Here in California, many types of employee records need to be retained for at least four years. This includes, but is not limited to:
Payroll documents and pay stubs
NDAs and confidentiality agreements
At the federal level, the IRS can request records going back anywhere from four to eight years, depending on the type of action it is taking.
Other government regulations, like the Fair Labor Standards Act (FSLA), Health Insurance Portability and Accountability Act (HIPAA), and the Employee Retirement and Income Security Act (ERISA) each have their own requirements for document retention as well.
Unless your organization is managing document retention 100% digitally (which is difficult for many types of businesses to do), you may have a fair amount of paperwork taking up valuable space that could be better utilized.
Not only is a self storage unit an excellent way to move document storage offsite, but the security and convenience it offers can help ease your concerns about document loss or destruction in the event of an accident.
Is Self Storage Cost-Effective?
If you like the idea of using self storage, but are wondering if it’s cost-effective for your business, the answer, in most cases, is absolutely.
In El Dorado Hills, the cost per square foot for climate controlled storage is generally less than the cost per square foot of commercial real estate.
If you are trying to decide whether to move your business into a larger space or rent a storage unit instead to free up room at your current location, in most cases renting a self storage unit is going to be the less expensive option.
We’re proud to be part of the local business community here in El Dorado Hills. If you have questions about any of our services, please contact us at your convenience. We look forward to speaking with you.