Market analysis ~ Thinking of building? This is a big investment and you want to be certain you are building in the right location and that you have the target market available to make your business a success. Our preliminary market analysis will provide you with the information you need to make an informed decision.
Due Diligence – When Buying an Existing Facility ~ Developing a new site from the ground up can be a daunting challenge. Some investors choose instead to purchase an existing facility. This may be a much better option, especially if you are new to the industry. You wouldn’t buy a home without inspecting it first and knowing exactly what you are paying for. Buying an existing property must be approached the same way. You’re not just buying a physical asset, you’re buying a performance history and it is critical to know as many details as possible about the business.
At this point in the purchasing process, you may receive an abundant amount of paperwork including financial reports as well as performance reports generated from the sites operating software. Even an experienced business person who has made business purchases in the past, may not fully understand what all of these reports indicate and may not know how to fully validate their accuracy. There may be critical information hidden in the numbers. What do all these reports mean? RPM can vet this information so you know the truth before you buy.
We can also measure and evaluate the upside potential of a property before the purchase. With years of experience and dozens of property acquisitions, we provide honest feedback so you know what you can expect before you make the final decision.
You need to know details about the physical condition of the property. The last thing you want is to make a purchase only to find out later that you need thousands of dollars’ worth of roofing repairs, door repairs or HVAC unit replacements.
Before you purchase the asset, you must know how much it will cost to make needed repairs and improvements after the purchase. This information can help you negotiate a better purchase price, or you can have the seller make these repairs before the purchase. Many things can be “misrepresented” to the buyer. Perhaps the property was advertised as having a “state-of-the-art” surveillance system, but may only have two cameras – one in the office and one on the entry gate. Knowing these details gives the buyer added leverage at the negotiating table.
With due diligence by RPM Storage Management LLC, you can go to the closing with confidence of what you are paying for and will have realistic expectations of how your new property will perform. You will be better equipped to create a positive plan of action for your property, eliminating the guesswork and producing positive results.
Mystery shopping ~ We provide mystery phone shopping of your store personnel with detailed reports and training suggestions on how to improve your results and get more phone inquiries into your store. We also provide in-person mystery shops in most Texas markets.
The team at RPM Storage Management, LLC provides in-house file audits and full property improvement assessments with a plan of action on getting your property operating at higher RPMs.