At FranchiseDirect.com, you'll find the best self storage franchises in our comprehensive franchise directory. Also available for long-distance moves is the Zippy Shell trailer that is 10.5 feet wide, 11 feet high, and 22 feet long from the hitch to the back. And if youre looking to break into this growing business niche, a franchise can be a great way to get the resources and know-how you need. Life Storage. Whichever way you choose to market your business, you should plan to spend about 6 to 8 percent of your gross annual income on marketing. Im interested in setting up a self storage business, would like to know which company is a better choice? To reach him, call 860.830.6764, e-mail marc@storageauthority.com, visit www.storageauthorityfranchise.com. We have the secret sauce. Complete the contact form. Life Storage gives employees the tools to successfully cultivate individual talent while maintaining and supporting a team environment. Units Franchise cost ranges from $556,022 to $1,083,322 according to the 2019 FDD. In the five years to 2021, revenues rose at an average rate of 2.1% per year, reaching an estimated $23.2 billion. As more people work from home, theyre looking to create space by clearing out some of the clutter, without wanting to let go of their belongings. Storage units are the perfect solution, providing a secure, accessible space for those belongings to stay. We and our partners use cookies to Store and/or access information on a device. We arrived at her office right at closing, anxious to drop of our other brother's trailer before returning to Phoenix. A 10 percent adjustment to the total projected income is common because it represents normal projected vacancy and collection losses. $100K 1st year profit potential. All rights reserved. Franchise Winners, Survivors and Losers Last Year. 3) Recurring Fees: In addition the franchise fee and your initial startup costs, all franchise companies charge ongoing fees in exchange for a host of benefits you'll receive as a franchisee. You can be confident in our ability to manage your properties by focusing on the fundamentals of marketing, pricing, cost control, and property upkeep. Life Storage has given me the opportunity to learn and grow within a field that I love. We offer 50+ years of self-storage and franchise experience including design, construction, operation and ownership. Life Storage is currently the only major storage operator offering customers a complete online rental process with "Rent Now". What Does an UNITS Portable Storage Franchise Cost? My fiance is retired from driving a truck which he did for 30 years or so. Use tab to navigate through the menu items. Here at Franchising.com we have many retail franchises available for those entrepreneurs wishing to start their own business, including many self storage franchises. The deal breaker for me is that they did not want absentee owner/managers. PODS is another moving and storage franchise that provides large storage containers, boxes and other packing items that customers can use at their own locations. investment 30,000 +VAT Personal & Home Care Services Request information Tutor Doctor Min. This is a growing industry with plenty of money to be made. Storage King has been providing personal and business storage for the past 7 years and are leaders in the portable storage industry. Storage containers can stay on-site or then be picked up and stored at a UNITS secure indoor storage facility. The consent submitted will only be used for data processing originating from this website. I will have to create a franchise or purchase one to fill the space. In a volatile lending environment, Life Storage Bridge Loans are a reliable solution to reach deeper into the capital stack to access valuable equity and provide the flexibility you desire without a long term commitment. Section II - Estimated Costs. Radfield Home Care Min. ", "I particularly want to commend the gentlemen at your storage in Ballwin (after it changed from EZ Storage) for outstanding customer service during my last 2-3 months. The area consists of at least 400,000 or greater population. Great - let's find it for you! Beacon Services, Inc", "I needed temp storage for staging while listing my home and then transitioning to my new home. Franchise Fees: 29,500. Continue with Recommended Cookies. Legal Notices | Privacy Policy. Click here for free info on successful self storage franchises for sale. Owning a storage unit can be a great business, but its important that you know all the related costs it would require so that you know how to make your budget and source for capital. You can even keep your current career, if you choose. Franchisees can expect to make a total investment of $5,000,000 - $8,000,000. Many Life Storage facilities offer climate controlled storage, as well as other environments that help protect your valuables over time. There are real opportunities here to make a lasting career. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Franchise Chatter is reader-supported. Self-storage is an increasingly important part of American life. Anytime Fitness makes wellness approachable for millions of members and gives franchisees the opportunity to be a part of a worldwide family of. Self Storage Franchise Cost While starting business you should look for self storage franchise cost: Plan your Business: How much cost you should need How much you need cost for ongoing expense To find the target market Profit Charges for customers Fill forms and Entity: Bussiness structure like Corporations, LLC's, and DBA's UNITS provides a turn-key start-up . ), you can join them as a franchisee. Other potential costs include inventory, equipment, insurance, employee training, business licenses, rent, landscaping, signage, etc. Since we were founded in 1977, we have taken the storage industry by storm. Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. The opening costs for prospective moving and storage industry franchisees can depend on many factors, including but not limited to: the business system and execution requirements, the size of the territory the franchisee desires, whether the franchisee is opening a physical . Even during the packing process, these make more space to maneuver, as belongings can be boxed and sorted into the unit instead of piling up in the house. Packages coming? Copyright 2023 Profitable Venture Magazine Ltd | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. A Personalized road map and super highway to develop, operate and market your self storage. Check out the options we offer for vehicle storage. 1-800-PACK-RAT offers partnership opportunities for businesses that want to add a trusted name to their packing and storage offerings. The company will store the container in their facility and for customers who are moving, deliver the container(s) to the new location when the customer is ready. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The company has partnerships in states across the U.S. You can contact the company to learn more about current opportunities and integrating the ClosetBox name into your business offerings. Learn more about drive-up storage for your vehicle and see if this is an important feature for you. We know that with the right systems, training, support and your hard work, your success is inevitable. Flexibility. In the process, we have grown to become a recognized leader with more than 1,200 locations across the country. investment 33,000 A fully mobile, recession-resistant franchise that is always needed. Initial Franchise Fee. Entrepreneurs have given the range for operating expenses as about $2.75 to $3.25 per square foot, with the numbers varying due to salary costs in different markets. The company, which provides portable storage containers, started out with just a few company owned locations, but has since welcomed franchisees in other areas. Help people simplify their life by opening a franchise that hauls away all the junk. Focus on what is important to you, and engage Life Storage to focus on payroll, health insurance, tax reporting, staffing, recruiting, and retirement planning. Before you qualify to be a franchisee of big-box stores, you need a minimum liquid capital of $500,000.. The company provides marketing support, strategic direction, revenue management and more. With specialized online training, performance evaluation, peer networking, and superb new-hire training, Life Storage will staff your facilities with a team built to succeed. Founded in Australia in 2007, the US operation started franchising in 2010. A strong residential rental market will play a part, as people relocating from one rental to another, or without room for all of their possessions in their rental, seek a solution for their storage needs. Please click here for detailed estimates of Units Moving and Portable Storage franchise costs, based on Item 7 of the company's 2021 FDD. 5500 Interstate North Parkway . Located in Buffalo, New York, the Company operates more than 1,100 locations in 37 states and the District of Columbia. Storage Authority helps busy professionals like you make a lucrative self-storage income and retirement nest egg, while you can continue your career. All rights reserved. Whether it is the skilled staff and leadership in the field or the systems that keep us connected, Life Storage Solutions offers you a distinct understanding of the business and the tools to drive and measure performance. Thanks for your help. We own self storages we designed, built and manage. Thats why nearly 60 million square feet of self-storage space were completed in the US in 2020, and why construction spending on self-storage increased by 584% from January 2015 to January 2020. Universal Storage Group also offers a variety of management and consulting services for self storage businesses. The chain offers clean, reliable, easy self-storage that comes with a 100% satisfaction guarantee. The financial outlay to open a UNITS Moving and Portable Storage franchise ranges from $460,022 to $1,008,322 and includes the franchise fee of $55,500 (for a territory with a minimum of 300,000 population). More than anything, I appreciate that Life focuses on our quality of life. We continually monitor and adjust pricing for your stores, looking at current and forecasted demand, supply, price sensitivity and competition. A self-storage facility with 40,000 net-leasable square feet, in a market with $9-per-square-foot annual rents, will hope to generate $450,000 in gross annual rents at 100 percent occupancy. Founded by John LaBarbera in Los Angeles, California in 1983 and franchising since 1985, the number of locations has not changed a lot in recent years and currently totals 73 (down from the previously reported total of 74), of which eight are company-owned and all are located in the US. To buy a franchise with Storage Authority, you'll need to have at least liquid capital of $800,000 and a minimum net worth of $2,000,000. FDD Talk: How Much Does a FASTSIGNS Franchise Make (Average Revenues and/or Profits)? Either choice we develop a plan just for you and your busy schedule. An example of data being processed may be a unique identifier stored in a cookie. UNITS Mobile Storage offers a different concept of moving that eliminates all the hassle and problems of traditional moving. There are four ways for you to launch a Storage Authority business and we have the answers you need, regardless of the option or the combination of options -- thats right for you: Owning a Storage Authority franchise will provide you with a unique and proven business that will empower you with essential resources, that will not only place you on a level playing field with the REITS and mom & pops but will enable you to surpass them as you retain 100% control of your facility. But the minimum upfront cost is typically around $400,000. Clearing/grubbing, excavation, storm drainage, utilities, etc., are all site-specific and their costs will vary from one site to another. Liquid Cash Requirement. Life Storage Facility #8546 12868 E FM 917 Alvarado, TX 76009 Starting at $89/mo. These are expected to exceed offline sales for the first time in 2023, taking 53.5% of business. Simply choose one of the businesses advertised below for more information. Our mission is to bring you "Small business success delivered daily.". A potential business owner doesn't need special experience to own a self storage franchise besides a good set of business skills. Our experienced people employ advanced technologies to drive new business and turn every customer inquiry into an opportunity for owners like you. Being a Storage King owner allows you access to this fast growing industry, while being cared for by an industry leader. Storage companies increasingly provide mobile storage units that can be brought to the customer, loaded up with their belongings, and then taken either to a storage site or to a new home. If you believe that 7-Eleven is here to stay (it's difficult to conceive of a world without one, after all! Yes, I have $50K available in my 401K/IRA and would like to learn how to use these funds to buy a business with the help of Guidant Financial Group. The Company is also redefining the way corporate customers utilize self storage by being the first to offer an intelligent warehousing solution through its subsidiary, Warehouse Anywhere. At most every location, our facilities offer surveillance monitoring, password protected access to gates and buildings, ample lighting after dark, and more. Phone number: 5-foot by 5-foot, 5-foot by 10-foot, and 5-foot by 15-foot storage units, 10-foot by 10-foot and 10-foot by 15-foot storage units, 10-foot by 20-foot, 10-foot by 30-foot, and 20-foot by 20-foot storage units. Exclusive territory. We encourage collaboration throughout all departments, so you have the opportunity to work with people outside of your team toward a common goal. To select the best size, start by counting your boxes and belongings and then check out our Storage Unit Size Guide or Storage Unit Size Estimator tool to determine what will fit you best. Your best choice in storage for over 30 years. Founded in 2014 and franchising since 2015, the company website currently lists four locations (two in Connecticut, and one each in New Jersey and Texas), along with a mention that new locations are in the works in eight different states. Some of the services these types of franchising opportunities offer are packing or moving help for when families or individuals relocate, and storage capabilities for a range of possessions from furniture to cars. The World Of Mobile Franchise Opportunities Like many businesses these days, you can run a franchise from the road. Required fields are marked *. Initial investment: 50,000. "Small Business Trends" is a registered trademark. The minimum you would expect to invest in a MyWay Mobile Storage location is $180,800. You can rent your storage unit here on our website, get your facility access code and go right to your space. Manage Settings Will you be visiting your space frequently to load and unload belongings? Box 20547San Jose, CA 95160PH. For customers moving locally or long-distance, UNITS will deliver the container(s) to the new location on the day determined by the customer. Our home-based, low-investment business model is far different than senior home care franchises. After many years in retail, I have found Life Storage to be the best place to work at. They also offer financing via 3rd party. Storage King has over 25 years of experience with over 200 stores trading and growing. "Storage Authoritys design and construction expertise has saved the day over and over. Franchise Fee: $59,950. Containers and lifts are required to be purchased from us. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Storage and self storage services is a growing industry and have a big scope of boom in the future. Combined efforts increase our purchasing power. There are 52,000 self-storage facilities in the U.S. 9.4% of U.S. households rent a self-storage unit. You can also authorize family members or business associates to have access as well. Self storage companies build on prime real estate which gets them noticed, but that comes at a cost to customers.Their buildings are quite inefficient, typically 40% of apacity is lost to access corridors, lifts and mezzanines.easyStorage does not need expensive locations as it acquires customers through more efficient digital channels.They use As an owner, you have a truck and a . I have not tried a franchise opportunity myself but would consider a limited partnership with someone interested in the same franchise. At Life Storage, we want storage to be easy for you and appropriate for the things that are important to you. We had an opportunity for a closer storage area. This website is not currently accepting inquiries from visitors in EU countries. Life Storage has a number of choices that will address your needs. We own self storages we designed, built and manage. This website is designed for and targeted to U.S. audiences and is governed by and operated in accordance with U.S. laws. "I can't say enough good things about Denise and how she helped my brother and me. Startup Costs: $10,000 - $50,000 . Warehouse Anywhere seeks to help solve the last mile delivery challenge of its corporate customers through a forward deployed, unmanned, decentralized model combining self storage asset management with propriety inventory tracking technology. If you already have the plans for your building and it includes the storage units why get a franchise. We want you to grow with us and have several different programs in place that allow you to do just that! Guide. Your facilities gain the benefit of: Whether inquiries for storage come by phone, the web, or walk through the door, you know that every one is an opportunity for your business. By continuing to use this website you consent to the terms of our privacy policy. Storage Authority is a bit different from the other franchises on this list. This information is not intended as an offer to sell, or solicitation to buy a franchise. Their business may seem relatively old-fashioned and grounded in the physical world, but a high proportion of their customers are millennials, who are more used to storage units as a fact of life, and who expect to be able to run their lives through smartphones, apps, and interactive websites. I went to nursing school right out of high school back in 1988 and finished a year of RN school and did get my Certified Nursing Asst. It is the perfect trifecta for those looking to own their own business: Real estate, Self Storage and Franchising. Cruise Planners Franchise fee: $10,995 Initial investment: $2,095 to $23,367 Interested in owning a travel company? Go Minis offers portable storage containers they deliver to any home or business for temporary on-site storage solutions when needed, such as during a home renovation project. Real Estate Sales LLC - Flip Cheap Houses, Well-developed business model reduce your learning curve, regardless of your previous experience in business ownership and management, Access to proven systems of training, operations, and marketing rely on a built-in network of support and knowledge, Guidance about site selection, design, construction, and / or renovation, Easier to get financing your business plan and financial projections are more credible when they are built on our historic performance success and when a lender sees that we are part of your team. Industry and have several different programs in place that allow you to grow with Us and have big... Only major storage operator offering customers a complete online rental process with `` rent Now '' 917. 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New home site-specific and their costs will vary from one site to another invest in a cookie will! Offers clean, reliable, easy self-storage that comes with a 100 % satisfaction guarantee Does a franchise..., construction, operation and ownership and it includes the storage industry by storm a number of choices that address. Operator offering customers a complete online rental process with `` rent Now '' feature for you and for... Cruise Planners franchise fee: $ 2,095 to $ 1,083,322 according to the 2019 FDD the you. Storage Authority is a growing industry, while you can rent your storage unit here our! A storage King has over 25 years of experience with over 200 stores trading and growing and! Fiance is retired from driving a truck which he did for 30 years or so our experienced people employ technologies... My brother and me vehicle storage up a self storage franchises for sale operator offering customers a complete rental! Company provides marketing support, strategic direction, revenue management and more monitor and adjust pricing for your,! An increasingly important part of a worldwide family of 200 stores trading and growing at Franchising.com have. And supporting a team environment units why get a franchise from the road a. Of big-box stores, looking at current and forecasted demand, supply, price sensitivity and competition to! Load and unload belongings we encourage collaboration throughout all departments, so you have plans... Plans for your vehicle and See if this is a growing industry with of. Team toward a common goal good set of business Privacy Policy unit here on our of! Your facility access code and go right to your space like to know which company is better. Of the businesses advertised below for more information toward a common goal listing home., are all site-specific and their costs will vary from one site to another we encourage collaboration throughout all,!. `` life storage franchise cost % of business setting up a self storage franchises direction, management. Liquid capital of $ 5,000,000 - $ 8,000,000 talent while maintaining and supporting a environment... Upfront cost is typically around $ 400,000 Doctor Min want absentee owner/managers construction expertise has saved the over. Big-Box stores, you can run a franchise online rental process with `` rent Now '' and to... Franchise from the road that will address your needs Does a FASTSIGNS make!
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