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International Business Times UK
International Business Times UK
Business
Stephanie Cruz

Teen Paid $10 for First Storage Locker, His Business Now Generates $135,000 Annually

Michael Haskell runs the business from his mother’s garage and basement in Englewood Cliffs, New Jersey, and begins at Emory University in Atlanta this year. (Credit: LI/ Michael Haskell)

Michael Haskell paid roughly $10 (£7) for his first abandoned storage locker at the start of 2024, at a New Jersey facility his mother drove him to. The most valuable thing inside was a $40 (£30) CO2 canister, which he sold on Facebook Marketplace.

Two years on, the business grossed about $135,000 (£100,000) in 2025 and returned roughly $82,000 (£61,000) in earnings before interest and tax, he told CNBC Make It. It has taken a further $85,000 (£63,000) between January and 15 July this year.

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