Thinking about opening a cold storage equipment and supplies business? We tell you what you need to know to get started.
Cold Storage Industry in the U.S.
Cold storage is a critical part of the food industry in the U.S. and around the world. Without cold storage warehouses and transportation units, it would be impossible to supply consumers with fresh meats and produce beyond their local growing regions.
Cold storage equipment and supply companies source the industry with the physical assets they need to maintain proper temperatures and storage conditions. These assets can range from a fully refrigerated warehouse to refrigerated vehicles and smaller storage units.
From the outset of your business planning process, you'll need to decide which industry segment you plan to inhabit. While some cold storage equipment companies specialize in top-to-bottom warehouse constructions, others focus on retrofitting existing warehouse space with cooling systems, ammonia systems, vapor barriers, insulation and other cold storage components. A market niche in cold storage transportation is yet another specialization option for aspiring entrepreneurs.
Laying the Groundwork for a Successful Cold Storage Equipment Startup
Successful cold storage equipment and supply companies don't just happen. They're the result of diligent planning and sound decision-making. With that in mind, there are a few foundational components that may very well determine the long-term viability of your startup.
- Industry Connections. The cold storage industry is a relatively tight business community. Cold storage operators and owners aren't likely to entrust their equipment and supply requirements (and definitely not their warehouse construction) to an unknown company. If you aren't personally connected in the industry, hire professionals who are respected industry figures to give your startup a running head start.
- Ambitious Selling. You have too much at stake to allow your company to lapse into a passive selling strategy. A consistent and aggressive approach to sales (including the development of a professional sales team and marketing department) is often the difference between winners and losers in the cold storage equipment industry.
- Flawless Operations. Cold storage operators value equipment and supply providers who deliver on their promises. Everything else can go right in your startup, but without flawlessly executed operations, you'll have little chance of sustaining an industry presence over the long-term.
Best Cold Storage Equipment & Supplies Company Business Plans
As a startup small business owner, you need to have a business plan you can rely on for both external and internal purposes.
Although there are a lot of tasks screaming for your attention, cutting corners on your business plan can be a precursor to disaster. The evidence overwhelmingly supports the fact that your startup can't achieve long-term success without an accurate business plan.
Before you do anything else, perform a reality check on your startup business plan – and if it's lacking, drop everything and head back to the drawing board.
Investigate the Competition
Well in advance of opening a cold storage equipment and supplies business in your town, it's a smart move to see how you will fit in the competitive landscape. Try our link below to get a list of local competitors nearby. After clicking on the link, type in your city, state and zip code to get a list of cold storage equipment and supplies businesses near you.
If there's too much competition, it may be wise to consider starting the business in a less competitive marketplace.
Finding a Non-Competitive Business Mentor
Once you've finished assessing the competion, be sure to learn from folks who are already in business. It's very unlikely that the local competition will talk to you. It'd be crazy for them to teach you the business.
But, a person who owns a cold storage equipment and supplies business in a different city can be a great learning resource for you, after they realize you reside far away from them and won't be stealing their local customers. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. If you are persistent, you can find a business mentor who is willing to help you out.
Where can an aspiring entrepreneur like you find a cold storage equipment and supplies business entrepreneur on the other side of the country to talk to?
No problem! Just use the link below and try a random city/state or zipcode. Then start dialing for advice until you are successful.
Business Brokerage for Cold Storage Equipment & Supplies Business Entrepreneurs
Sooner or later, every entrepreneur confronts the choice to start a business or buy an established company. For cold storage equipment and supplies business entrepreneurs, there are many reasons why a purchase is more logical than a startup.
If a business purchase seems like the right move, your first step should be to contact a qualified business broker. Why? Because business brokers offer several advantages to cold storage equipment and supplies business entrepreneurs.
Top quality brokers with an industry track record understand the nuances of cold storage equipment and supplies business acquisitions and are equipped to make your transition to cold storage equipment and supplies business ownership as easy as possible.
The probabilities on your making a success of your new business are much greater if you decide to franchise in lieu of doing everything yourself.
Before you consider starting a cold storage equipment and supplies business, it's worthwhile to determine whether there are good franchise opportunities available that might simplify your entering the business.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding starting a business may be of interest to you.
If you currently own a cold storage equipment and supplies business, these resources will come in handy:
If you sell to cold storage equipment and supplies businesses, you're in the wrong place. Try these resources instead:
If you are interested in starting a different kind of business, please browse our directory of guides below.