- Stashbee helps people turn their empty space into passive income by connecting them with people to rent it.
- Their platform helps people turn unused parking, garage or spare room space into a place others can rent.
- Since its launch, the company has grown quickly, securing a £2M funding round back in 2019.
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What is Stashbee?
Stashbee is a digital platform that makes finding and selling storage and parking space easy.
Based in London, the company operates across the UK, connecting people and businesses looking for parking and storage with those that have excess space.
The idea was born when the founders, David Mantle and Anthony Paine, realised there was no easy way to rent space from other people in their area. With parking in the city becoming more expensive and storage being largely inflexible, they wanted to find a better way.
This led them to found Stashbee, a marketplace that helps create a sharing economy for storage and parking. With tons of options from vehicle storage to personal storage and commercial spaces, as well as garages and parking spots, the platform makes booking empty space easy, safe and affordable.
What Makes Stashbee Unique?
The self-storage industry is worth £1bn a year in the UK, but is largely dominated by big companies like Shurgard and Big Yellow. However, storing with these companies comes with a big price tag, especially in big cities.
Stashbee stands by working in 2 ways:
- It gives people in cities more affordable and flexible ways to store their items with up to 50% savings compared to self-storage.
- It encourages people with unused space to boost their earnings with passive income – with top renters earning up to £2,500 per year from their unused space.
Almost like an Uber-model, the company works by tapping into an existing market – people’s homes, garages, and driveways – to generate revenue.
This means they don’t need to charge inflated costs due to high overheads, and are able to connect people with more affordable alternatives.
For added security, Stashbee offers its users secure payments, insurance coverage and verified hosts, so both renters and space owners have peace of mind.
The platform is easy to use, meaning renters don’t need to be locked into long-term contracts or high fees.
With a growing community and a demand for cheaper inner-city space, Stashbee is continuing to disrupt the storage and parking industry.
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Is There A Market For Storage and Parking Solutions?
Yes, and it’s growing quickly. In the UK, storage space is expensive due to high living costs. Self-storage continues to be a good way for people to declutter, but often comes with long, inflexible contracts and expensive options.
Parking in big cities has also become increasingly hard and expensive – making it an important issue to combat. To put this into perspective, on-street rates can easily go up to £5-7 per hour, making them massive costs to undertake.
And with companies like Airbnb and Uber showing that people are willing to be involved in this kind of economy, Stashbee is well set up for growth.
What Key Products Does Stashbee Offer?
Stashbee offers a whole range of storage and parking options, such as:
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- Private rentals
- Self-storage with units through their list of partners
- Storage containers
Parking
- Monthly parking
- Long-term garage rental
- Caravan and motorbike storage
- Lock up garages
- Warehouse partners for fulfilment
- Business storage for inventory
Whilst the platform is more cost-effective than alternatives, Stashbee’s pricing varies depending on location, size and security.
