Storage Unit Profit Calculator

Formula

The formula to calculate the Storage Unit Profit (SUP) is:

\[ SUP = \left( \frac{OR}{100} \times SU \times AP \right) - OC \]

Where:

SUP – The storage unit profit in dollars ($).
OR – The occupancy rate of storage units in percentage (%).
SU – The number of storage units.
AP – The average price per storage unit in dollars ($).
OC – The operational costs including leasing/mortgage costs in dollars ($).

Definition

Storage Unit Profit (SUP): The profit generated from storage units after accounting for operational costs.
Occupancy Rate (OR): The percentage of storage units that are occupied.
Number of Storage Units (SU): The total number of storage units available.
Average Price per Storage Unit (AP): The average rental price per storage unit.
Operational Costs (OC): The total costs associated with operating the storage units, including leasing or mortgage costs.

Example

Let's say the occupancy rate (OR) is 80%, the number of storage units (SU) is 100, the average price per storage unit (AP) is $50, and the operational costs (OC) are $2000. Using the formula:

\[ SUP = \left( \frac{80}{100} \times 100 \times 50 \right) - 2000 = \left( 0.8 \times 100 \times 50 \right) - 2000 = 4000 - 2000 = 2000 \, \text{\$} \]

So, the storage unit profit is $2000.