Fast-expanding self storage venture Pink Storage is targeting reaching 70 sites over the next three years.
The business, established by Cardiff-based entrepreneur Scott Evans, currently has 16 storage venues in Wales and six in England. By 2033 it is targeting 300 sites providing 60,000 units.
As part of its expansion into the English marketplace it has invested £1.5m with the acquisition of StoreWise, a 102-unit facility in Nottingham.
The deal saw Pink Storage acquire StoreWise for £1.1m, with an additional £370,000 being invested to upgrade the 1.3-acre site and add 150 new storage units.
Mr Evans, founder and chief executive of Pink Storage, said: “Acquiring StoreWise is a proud milestone for us. What began as a small Welsh brand is now setting the standard for innovation in self storage. Our forward-thinking, tech-led model is not only reaching a wider market but is actively reshaping – and shaking up – the industry across the 海角视频.”
Pink Storage is also retaining the site’s long-serving manager, who brings over a decade of local industry expertise.
Mr Evans said: “Our goal is to end 2025 with a significantly expanded network of strategically located sites across the 海角视频. We’re actively seeking further acquisition opportunities and would welcome conversations with anyone considering selling their self storage business.”
The company’s first self storage facility was in Ystrad Mynach. It is targeting English cities as part of its mission to become the 海角视频’s fastest-growing independent self storage provider.
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So far this year the company has grown by 22% (venues), adding new locations in Stoke-on-Trent, Manchester (two sites), Birmingham, and now Nottingham, with more sites in the pipeline.
The business to the financial year to March generated revenues of £5m with the aim of it growing 50% next year to £7.5m.