But when it became clear we needed considerable time to gather together the paperwork she needed (title, registration, etc. To buy a franchise with UNITS Portable Storage, you'll need to have at least liquid capital of $100,000 and a minimum net worth of $1,000,000. Run as an additional marketing service for each property, the options can be a-la-carte with any term you feel comfortable setting. In addition, the cost of self-storage construction depends on the type of product one develops. They are always innovating, seeking ways to lead the industry through technology by integrating software for employee development, and enhanced customer experiences. Here is TOP 10 Storage Unit Franchise Business Opportunities in USA Go Mini's Founded in: 2002 Franchising since: 2012 Franchise units: 87 Initial investment: $224,604 - $453,000 Initial Franchise Fee: $45,000 Royalty Fees: 8% Ad Royalty Fee: 2% If you are about to franchise, make sure you read this article because its really great and will help you out of your business when starting. Our storage facilities offer daily access hours that extend from the early morning to late evening (even 24 hour access at some locations), and you will never need an appointment to access your things. Other items are available for you to purchase from us, but are not mandatory. You can rent your storage unit here on our website, get your facility access code and go right to your space. 5. Many Life Storage facilities offer climate controlled storage, as well as other environments that help protect your valuables over time. DumpStor franchise fees for 2023: Cash Investment: $175,000. Any recommendations? Self storage businesses offer security and peace of mind for consumers needing a dependable place to store their belongings. Why reinvent the wheel when you can start day one with over 50 years of experience from the self-storage trenches on your side to be a professional day one! The trailer is low to the ground and features a pull-out ramp at the back for easy loading and unloading. How to Choose the Best Storage Franchise Business in 2023. Thanks for your help. A Personalized road map and super highway to develop, operate and market your self storage. ), she didn't turn us away. I will have to create a franchise or purchase one to fill the space. Total Investment: $128,310 - $448,285. The minimum you would expect to invest in a MyWay Mobile Storage location is $180,800. Most often, a low land price means there is a problem that will require great site-development expenditures. At FranchiseDirect.com, you'll find the best self storage franchises in our comprehensive franchise directory. Cost can vary depending on location and type of services offered. Mar. Email franchisechatterblog@gmail.com, Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful. (David F., subscriber), Best Automotive Wheels and Tires Franchises, Best Kitchen and Bath Remodeling Franchises, Rocky Mountain Chocolate Factory Franchise. An investors financial health and ability to negotiate will determine these costs. Founded in 2002 and franchising since 2012, the number of locations has expanded from 46 in 2012 to the 112 locations listed on the company website, of which three are located in Canada. Maybe youve looked into franchise, We build and scale eBay businesses for our clients by helping automate all inventory management tasks, keeping account health in great condition, inventory monitoring, 24/7 customer service, and helping to automate any and. It provides storage ranging from individual lockers to whole container units and even outdoor spaces, including those mobile containers that prove so valuable in house moves. Our team, based out of our headquarters in Buffalo, NY, focuses on evolution and innovation - both as a company and in the experience we offer our customers. To date, the PODS network has completed more than 500,000 long-distance moves, exceeded 2 million deliveries and has more than 150,000 PODS containers in service. Or browse additional retail franchises at Franchising.com. Made a storage space reservation at Life Storage? UNITS Moving and Portable Storage offers both 12-foot and 16-foot weather-resistant containers, 8 feet high and 8 feet wide, with securely locking barn door openings (doors open outwards) that can hold up to 8,000 pounds of belongings. ", "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. Most high-end self-storage facilities have somewhere between 60,000 and 80,000 rentable square feet and cost $45 to $65 on construction per square foot. Supported by an aggressive marketing budget and digital strategy, your property will receive excellent visibility in search and leverage our ability to target customers that demonstrate a potential need for our services. We have learned self storage from the trenches. Check out our guide to climate controlled storage units and find out which storage environment is best for you. Interested in opportunities that offer immediate capital? Franchising.com is your only destination to find information, news and buyer advice for all things franchising. Life Storage blew my mind - the facility was unbelievably clean and well managed, the staff were amazing, and all your systems were spot-on. Copyright 2003 - 2023, Small Business Trends LLC. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. COVID & the Impending RECESSION = Roughly 11 million houses hit the market for pennies on the dollar! 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. Do you feel like youre stuck in a passionless job? That growth is expected to continue, with a predicted average annual growth of 2.02% for the self-storage market during the period from 2021 to 2026. Franchises are popular with prospective small business owners. If you believe that 7-Eleven is here to stay (it's difficult to conceive of a world without one, after all! Storage King has been providing personal and business storage for the past 7 years and are leaders in the portable storage industry. And the first step to establishing a car storage business is to secure low-cost indoor storage space . The you've inquired to will contact you shortly. Our size, customer base, and 30 years of experience in the self storage industry gives you a solid foundation on which to build your future and increase the value of your investment. To reach him, call 860.830.6764, e-mail marc@storageauthority.com, visit www.storageauthorityfranchise.com. Customers may complete the rental agreement online, make their payment, get access to the facility and follow a digital map to their space so they can move-in right away. HealthyYOU Vendingblends an, We build, manage and scale Amazon FBA stores for our clients who are looking for a completely automated stream of passive income. 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 company provides marketing and customer service/sales support for franchisees. Is Franchising a Path for You? The franchise opportunity will offer mobile/self-storage solution for personal and business needs. Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. Little Kickers. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our proprietary Live Verify technology. In the five years to 2021, revenues rose at an average rate of 2.1% per year, reaching an estimated $23.2 billion. Beacon Services, Inc", "I needed temp storage for staging while listing my home and then transitioning to my new home. Get more information on earnings, costs, training, and more! Only 8.3% of self-storage space was vacant in 2020, as people rushed to fill up the spaces. The UPS Store offers a variety of location-types to fit the needs of our franchise owners. Life Storage has given me the opportunity to learn and grow within a field that I love. Storage and self storage services is a growing industry and have a big scope of boom in the future. You can probably get marketing advice from your chamber of commerce and your builder should help with making the units secure. Initial Investment . You can be confident in our ability to manage your properties by focusing on the fundamentals of marketing, pricing, cost control, and property upkeep. By continuing to use this website you consent to the terms of our privacy policy. Apart from the cost of the landed property, another significant cost you have to worry about when constructing your self-storage unit is the cost of construction itself, site work, and utilities. Startup franchise costs vary based on the type of center you're looking for, the size of the location and where the center is located. 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. Franchise Winners, Survivors and Losers Last Year. Receive a personalized report of exciting new franchise opportunities to your inbox each week. All Rights Reserved. With Life Storage Solutions in the driver's seat, you'll find opportunity in every rental. You have reached the maximum of . We go the extra mile to provide security measures that help keep your belongings safe while in storage. Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. Any ideas at all? Again, this variance is dependent on land, construction, and cost of financing. investment 33,000 Our experienced people employ advanced technologies to drive new business and turn every customer inquiry into an opportunity for owners like you. Daily audits of payments and cash/credit reporting along with monthly bank reconciliations keep your properties' finances firmly in control. If you are interested in finding more value in your storage properties, the first step is Revenue Management. For customers moving locally or long-distance, UNITS will deliver the container(s) to the new location on the day determined by the customer. 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. This nationwide company is one of the fastest, Are you tired of the 9-to-5 grind? But the minimum upfront cost is typically around $400,000. SOURCE: Life Storage is the one of the largest storage companies in the U.S., and has led the industry in growth for the past four years. Life Storage Facility #8546 12868 E FM 917 Alvarado, TX 76009 Starting at $89/mo. This variance in expenses is due to the variable cost in different markets, such as property taxes, manager salaries, and utility costs. Yes . What Does a Storage Authority Franchise Cost? Storage unit franchises are part of the storage and warehouse leasing industry, which has seen strong growth in recent years. In the process, we have grown to become a recognized leader with more than 1,200 locations across the country. 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 Complete the contact form. Combined efforts increase our purchasing power. For more than 30 years, Life Storage has helped hundreds of thousands of customers with their storage needs. All Rights Reserved. The federal government has recently released a series of guidelines covering this sector, and anyone working in the industry needs to make sure that they understand the regulations applying to their work. 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 a number of choices that will address your needs. When you have Life Storage behind you, you can be confident that no opportunity is missed. We are actively looking for entrepreneurs, We build and scale Amazon stores for our clients by helping automate all inventory management tasks from account health monitoring to 24/7 customer service. We have you covered with our Dynamic Ease Series: Finding Land, design construction, pre-opening tasks, operations, sales & marketing. There are some large and well-established players within this industry, and for a new franchised business, drawing attention away from the big hitters is an important challenge. According to The Self-Storage Expense Guidebook, operating costs for storage units average $3.78 per square foot. We offer small, medium, and large storage unit sizes, plus parking spaces for vehicles. FDD Disclaimer: "As of December 31, 2018, there were 26 UNITS locations in operation. Annual self-storage revenue was estimated at $38 billion in 2017. As such, they find their living quarters getting choked up with useful valuables which they cant part with, or junks that they are not yet mentally ready to part with. Online rentals have proven popular with younger generations that expect self-service options from today's businesses. We are asking for your phone number so the businesses you have requested more information from can call/text you to chat with you more about their opportunity. How to Write a Boat RV Storage Business Plan [Sample Template], 31 Best Storage Related Business ideas for 2023, Top 10 Result Oriented Marketing Ideas for Self Storage Units, How to Start a Storage Unit Business With No Money in 17 Steps. This is the model that many franchises have adopted, providing customers with the flexibility they need to deal with a complicated and busy moment in their lives. The area consists of at least 400,000 or greater population. While it's not quite as widespread as some of the other self storage companies on this list, Life Storage is growing fast and is already recognized as one of the largest self storage companies in the world. Exclusive territory. The franchises on this list were ranked according to the number of units in the franchise system. No media company understands the franchise landscape deeper than Franchise Update Media. Learn more about Life Storage and our history. The initial franchise fee can vary depending on the size of your desired territory. Garage Living is part of the multi-billion dollar home storage organizing systems industry, which is expected to reach $9.4 Billion by 2017. This website is designed for and targeted to U.S. audiences and is governed by and operated in accordance with U.S. laws. Authorize us to receive them on your behalf, and they'll be secured in your space when you arrive. The consent submitted will only be used for data processing originating from this website. Founded in Australia in 2007, the US operation started franchising in 2010. At Life Storage, we couple accounting controls with independent, on-site audits to monitor stores' compliance with legal and operational policies and procedures. The deal breaker for me is that they did not want absentee owner/managers. Check out our starting prices in our most popular cities or just use our search below to find prices closer to you. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. 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. You may have to invest more time and money into marketing than with some other businesses, and the backing of a franchise can help. Beware of land costs below market values. for a position at Life Storage through ADP (new window). Thinking of buying a franchise business as part of your entrepreneurial journey? He was very professional and treated the customer extremely well. Their ROBO-UNIT robot delivery system allows for delivery of containers to the tightest spaces. Each location offers a whole range of storage unit sizes and may also feature climate-controlled options for those who desire it. I was very impressed with your storage, clean, safe, bright. Your marketing is very essential to the success of your business so there is no room for scrimping on dollars. Box 20547San Jose, CA 95160PH. Zippy Shell Moving and Storage offers both portable storage and moving services. "I can't say enough good things about Denise and how she helped my brother and me. Storage Authority is the only self-storage franchise available in the United States, and we provide you with important benefits, including but not limited to: Storage Authority helps busy professionals like you make an extra 6-figure self-storage income and retirement nest egg, while you continue your career. The container features a ground-level weather-proofed design for easy loading/unloading and locking barn-style doors. 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. Packages coming? They also offer a discount for veterans ( 10% Off License Fee ). We make every effort to make our workplace rewarding, inclusive and challenging for over 2,000 employees. Royalty: Paid Weekly Royalty: 1-50 dumpsters = $19.50 per dumpster | 51+ dumpsters = $15 per dumpster. Rural location centers: $206,423 - $459,136 2. Radfield Home Care Min. One of the greatest variables for determining what you will get to spend in building your self-storage unit is the actual cost of the land you need for development. Call Life Storage toll-free 24 hours a day. 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. Data and message rates may apply. Continue with Recommended Cookies. Him, call 860.830.6764, e-mail marc @ storageauthority.com, visit www.storageauthorityfranchise.com no room scrimping... Negotiate will determine these costs years, Life storage has given me the opportunity to and. Industry, which has seen strong growth in recent years, Life storage a... Revenue was estimated at $ 89/mo and enhanced customer experiences dependable place to store their belongings Solutions in process... Originating from this website you consent to the self-storage Expense Guidebook, operating costs for storage units and out... 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