What is the Self-Storage Services industry?
The Self-Storage Services industry has a low level of capital intensity. For every $1.00 paid as wages, only $0.12 is required as capital investment. Despite wages accounting for a significant portion of the industry’s cost structure, the industry is not heavily reliant on labour functions, with an average of less than three full-time employees per establishment. This is due to its highly autonomous nature, with labour employed to oversee general operations. The role of security and call centre operations is being increasingly outsourced by the industry, lowering the need for labour and reducing wage costs as a share of revenue. Labour is still a significant part of the overall industry due to the high number of establishments spread around Australia.
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