Describe the company – the elevator pitch …
www.CityStasher.com connects people who need to store their bags with vetted local businesses who have secure, underused space. This could be for a few hours while you explore the city or a few weeks while you’re out of town.
Why will the company / product do well?
We’re bringing an innovative business model to a market that’s in need of change. Station left-luggage facilities charge £12.50 per item for 1 day’s storage – which is ludicrous, even by London’s standards. By connecting you with underused space, rather than renting our own premises in major stations, we can save users 60%. At the same time, we’re generating significant revenue for our hosts (primarily local, independent businesses).
Whilst we believe that we offer many benefits to our customers (avoiding the queues, more choice of drop-off locations and soon the convenience of booking quickly through our app) the savings is the real clincher. Many of our users are saving as much as £80 on a single transaction by choosing us over station left-luggage facilities.
— City Stasher (@CityStasher) June 20, 2016
Where are you based and where do you operate?
We’re based in London, UK. Currently, we only offer storage around London but we’re looking to spread around the UK within the next few months (Brighton and Bath, we’re looking at you!) We’ll look to spread internationally in the longer term, so Dublin could be on the cards.
When was the company launched?
We started business-planning and registered our company in September 2015. An MVP was launched that December using Sharetribe.com and we’ve now launched our current, independent website in early April.
What have been your biggest wins to date?
We’re already operating at a profit which is pretty cool, but the thing we’re most proud of is the amount of positive reviews we’ve received so far. As first time entrepreneurs, it’s surreal and awesome to create something and not only have people actually use it, but say that they’re happy you made it!
— City Stasher (@CityStasher) July 5, 2016
What type of people use your product?
Since we store bags between 1 day and 1 month, it varies depending on how long they’re storing. For really short-term storage, we tend to serve tourists (50% domestic, 50% international) and event-goers. For longer term storage we typically serve people travelling elsewhere via London or students who are leaving town for a bit.
Tell us about your team?
Three of us (Jake, Ant and Matt) studied Economics together at Oxford uni, where we were close friends throughout. Jake and Matt just finished Masters degrees whilst Ant spent the year working in digital marketing. After a few months proving the concept, Thanos joined us as our lead developer and brings 15 years of full-stack experience with him.
What are you long term plans for your product / company?
Expanding to new locations is the easiest way to grow our service, but we’re also really excited to start partnering with other businesses who are catering to our target markets and to expand our service offering. Our big plan on the horizon is to start delivering bags between different StashPoints (what we call our storage points) and to deliver to the airport or back to your home/office. Please do let us know if you think this is a service you’re interested in – or if you think we’re missing a trick!
What are your favourite tech gadgets?
Slack and Trello are awesome to help organize your work. VR is going to change the way we game, can’t wait to see what’s developed in the next couple years.
How do people get in touch with you?
Our twitter handle is @CityStasher and our facebook page is www.facebook.com/citystasher/
For booking enquiries, check out www.citystasher.com and browse our stashpoints. If in doubt, feel free to email [email protected] and we can help you with your booking.
If you to reach the co-founders directly, contact me at [email protected]