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A few months ago, we worked on a parachain and have been trying to integrate into Kusama but we couldn't win the slot.

This is affecting our business. Would it be possible to have a single code base for both solochain and parachain so that we can switch to either parachain or solochain according to the requirement?

Or if we build a separate solochain, would it be easy to migrate storage into parachain, if we get slot in future for our parachain?

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Definitely. If you look at cumulus repo that's got several runtimes that are sharing pallets and some common configuration. There's also the parachain-template that is a different node (different binary) and yet still shares some crates with the the polkadot-parachain node.

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