Question: With higher demand for individual's self - storage options, Lock - Up Storage has been opening self - storage mega locations throughout the Southeast. Once
With higher demand for individual's selfstorage options, LockUp Storage has been opening selfstorage mega locations throughout the Southeast. Once of the most popular locations is in Gainesville, Florida, near the University of Florida main campus. In order to meet the potential demand, LockUp has the option to build a new second facility just two blocks away, expanding its current site, or simply do nothing and potentially turn away demand. Analysts believe that there will be a chance of a continued strong market for selfstorage, a chance that the market will remain stable, and a chance that the market will decline. LockUp predicts that their expected profit for the upcoming fiscal year will be as follows under each market scenario:
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