The initial franchise fee can vary depending on the size of your desired territory. This gets the franchise partner 90 containers, use . By continuing to use this website you consent to the terms of our privacy policy. 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. They also offer financing via 3rd party. Wow, glad you're interested in so many businesses! Units Franchise cost ranges from $556,022 to $1,083,322 according to the 2019 FDD. Initial Investment and Opening Costs for Moving and Storage Franchises. 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. Since 1945, U-Haul has been the No. An investors financial health and ability to negotiate will determine these costs. McDonalds, at the the time I was interested, wanted me to work as a manager for at least 2 years at an established location and have a million in personal assets to complete the franchise application. What Does an UNITS Portable Storage Franchise Cost? 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. 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. We arrived at her office right at closing, anxious to drop of our other brother's trailer before returning to Phoenix. investment 30,000 +VAT Personal & Home Care Services Request information Tutor Doctor Min. . Life Storage has been rated 4.9 out of 5 based on 43,266 reviews View customer testimonials. Click here for free info on successful self storage franchises for sale. UNITS' proprietary technology allows franchisees to pick up and deliver containers without disturbing the contents: safely, efficiently and with less cost than competitors. As an owner, you have a truck and a . The minimum you would expect to invest in a MyWay Mobile Storage location is $180,800. ), you can join them as a franchisee. 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. But in this enormous and growing garage remodeling franchise market, we pride ourselves . Garage organization products are expected to post the fastest gains in the industry, rising by up to 7.5% per year.*. Simply choose one of the businesses advertised below for more information. Copyright 2001 - 2023. 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. Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. You want to look back on your life and say you have made a contribution to people. In the five years to 2021, revenues rose at an average rate of 2.1% per year, reaching an estimated $23.2 billion. But the minimum upfront cost is typically around $400,000. We make every effort to make our workplace rewarding, inclusive and challenging for over 2,000 employees. In the process, we have grown to become a recognized leader with more than 1,200 locations across the country. CarePatrol, Anyone can own a mobile Locksmith empire. Life Storage Facility #8546 12868 E FM 917 Alvarado, TX 76009 Starting at $89/mo. UNITS provides a turn-key start-up . Unfortunately, I am not sure if his name was Jim. Can be operated from home. Normal site coverages range from 35 percent to 50 percent. 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. We're the only self-storage franchise available in the United States - an industry with $39 billion in annual revenue and growing. We have the secret sauce. I prefer not to provide my Available Cash to Invest, but I do have access to the Minimum Cash Required for the franchises I am inquiring about. "Small Business Trends" is a registered trademark. There are plenty of self-storage franchises out there to help you build your business, so you can offer storage space to local customers with the backing of a reliable brand and proven business model. Legal Notices | Privacy Policy. 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). Our team will learn a little more about your properties, provide you with a detailed plan for management, and show you why Life Storage is different than other third party managers. Climate-controlled units keep temperatures from dropping below 55 degrees or rising to more than 80 degrees, and while they cost more to build and operate, they can attract more customers. Franchise Details: Founded: 1998 . 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. Cost can vary depending on location and type of services offered. I just acquired a piece of land to build 2 office buildings and one of the levels will be indoor storage units. You can be confident in our ability to manage your properties by focusing on the fundamentals of marketing, pricing, cost control, and property upkeep. 1 choice of do-it-yourself movers, with a network of 22,000 locations across all 50 states and 10 Canadian provinces. According to The Self-Storage Expense Guidebook, operating costs for storage units average $3.78 per square foot. Life Storage gives employees the tools to successfully cultivate individual talent while maintaining and supporting a team environment. Your marketing is very essential to the success of your business so there is no room for scrimping on dollars. The cost of construction will also depend on the unit's amenities, such as if the unit is climate controlled. $760,200 is the maximum that someone opening a location should expect to invest. Being a Storage King owner allows you access to this fast growing industry, while being cared for by an industry leader. The storage industry in the U.S. is growing. There are 52,000 self-storage facilities in the U.S. 9.4% of U.S. households rent a self-storage unit. This website is designed for and targeted to U.S. audiences and is governed by and operated in accordance with U.S. laws. Since we were founded in 1977, we have taken the storage industry by storm. Thank you for sharing the post. You can help us to continue to achieve that success by providing our customers with the Life Storage experience. Franchises are popular with prospective small business owners. Continue with Recommended Cookies. Life Storage is growing and looking for people who value the things we do: innovation, providing excellent service and a healthy work-life balance! Achieving and maintaining an average occupancy of at least 90 percent should be the goal for every development and should be used to evaluate the projects investment potential. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Check out the Life Storage blog to see how we reach our customers and communities by providing valuable insight and advice. 1-800-PACK-RAT offers partnership opportunities for businesses that want to add a trusted name to their packing and storage offerings. It is the sixth-largest publicly traded sector in the country, with 47,539 storage facilities nationwide by the end of 2019. Franchise Fees: 29,500. 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. Franchise Winners, Survivors and Losers Last Year. Our RM team can quickly adjust pricing and promotions as market conditions change. Check out these beautiful new locations! investment 33,000 *. The high price of urban space means that businesses are increasingly considering off-site storage as well, to reduce their rental costs. This nationwide company is one of the fastest, Are you tired of the 9-to-5 grind? Operating costs will also increase if the units are climate-controlled. Better Homes And Gardens Real Estate Announces Affiliation In Westchester County, N.Y. FASTSIGNS CEO And International Franchise Association Chair Catherine Monson Receives Distinguished Women Of Wonder Award By Franchise Dictionary Magazine. Any ideas at all? 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. It would have been impossible for me to succeed without the ongoing expertise of Storage Authority! The franchise opportunity will offer mobile/self-storage solution for personal and business needs. In 2012, the company converted into a . 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. For those needing a storage solution, Zippy Shell offers a 15-foot long container that is 7 feet high and 7 feet wide, with a total of 105 square feet of space that can safely hold 4,500 pounds of belongings. 20. No statement in this site is to be construed as a recommendation. Unit Count: 100-plus. #1 Industry leader since 2001. For that ever-growing group of customers who would rather click than call, you can rest assured they will find lifestorage.com easy to navigate and ready to take their storage rental. We make self-storage development, operations and marketing MUCH, MUCH easier for you and reduce your risks. So you can use your time and resources to focus on running all the other aspects of your franchise business. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. She had a perfect right to do that, but instead, she stuck with us, even loaning her flashlight so we could park the trailer in the dark, in the only space that allowed us to avoid backing up. Minimum Net Worth: $500,000. You may opt-out of SMS at any time by replying STOP to the phone number we texted you from. Some of the companys offerings include operations management, accounting, human resources support and more. Franchising.com is produced by Franchise Update Media. Customers also have the option of packing a container and having the company come get it and place it in their safe and secure Go Minis facility. As baby boomers downsize their way into retirement, theyre adding to the business of storage units. Whether your interests are just increasing value in your properties, accessing better financing, or developing an exit strategy, our resources are at your fingertips and are people are willing to work with you. Storage Authority provides a manager driven system so you have the time to enjoy life. Because in one call you can learn the basics of what it takes to own a self storage and decide if youre ready for the next step. DumpStor franchise fees for 2023: Cash Investment: $175,000. Pack & Send is a product storage and delivery franchise. This site uses cookies. Entrepreneur's Franchise 500. 52.0% of U.S. self-storage facilities are in suburban areas, 32% are urban, and 16% are rural. Im interested in setting up a self storage business, would like to know which company is a better choice? Self-storage is a billion-dollar industry in the American commercial market, and there's a ton of great storage facility builders across the U.S.. Mike Yes . Normal site-development costs range from $4.25 to $8, but this again depends totally on the actual topography and physical layout of the site. 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. Mac Tools is a provider of high-quality tools. When finished using the container, the company will come and retrieve it. Like most industries, the storage sector is seeing a shift toward online sales. Storage companies are useful for a wide range of clientsfrom residential movers to [] Will you be visiting your space frequently to load and unload belongings? I would LOVE to find some sort of business to get into, but have no clue where to start, especially with me not having a college degree. During my time here, Life Storage has always stood by its staff and valued customers. Need a place for that huge RV or that precious classic car? My youngest is graduating high school also in May, so Ive got the empty nest syndrome going on. 5. Guardian Storage offers some property management and consulting services to self storage business owners, currently with locations in Pennsylvania and Colorado. We encourage collaboration throughout all departments, so you have the opportunity to work with people outside of your team toward a common goal. Fielding over 50,000 calls per month, seven days a week 24 hours per day, you will find no team better prepared to turn inquiries into customers. 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. There are real opportunities here to make a lasting career. 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. Or browse additional retail franchises at Franchising.com. Extra Space Storage, another self-storage REIT, notched same-store NOI of nearly $770 million in 2020. Were focused on continually advancing our systems with the latest technology and by working with our team members to develop innovative solutions to improve our processes. Franchises Available? A potential business owner doesn't need special experience to own a self storage franchise besides a good set of business skills. Here are some storage franchise opportunities for aspiring entrepreneurs to consider. Next post: FDD Talk: How Much Does a Great American Cookies Franchise Make (Average Revenues and/or Profits)? The franchises on this list were ranked according to the number of units in the franchise system. Learn more about Life Storage leadership. And the first step to establishing a car storage business is to secure low-cost indoor storage space . Most often, a low land price means there is a problem that will require great site-development expenditures. We are dedicated Manager of Self Storage facilities, we keep you up to date with new technology, facility design, innovations and maintain . We may receive a commission for leads generated from our site. My fiance is retired from driving a truck which he did for 30 years or so. Anyhow Id like to see go in there would be a heated storage facility that goes into the earth and into the sky now the building is substantial enough to turn into this ideal facility and the land would be perfect for more storage or vehicle storage . If you are interested in finding more value in your storage properties, the first step is Revenue Management. Last updated on April 25, 2022 by Franchise Chatter Leave a Comment in Franchise Chatter Hot List, Storage Franchise. 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. 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. 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. We own self storages we designed, built and manage. Storage and self storage services is a growing industry and have a big scope of boom in the future. The franchise fee to open a MyWay Mobile Storage unit is $50,000. Life Storage has a number of choices that will address your needs. (408) 402-5681. 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% Our company leverages international partnerships with wholesale suppliers and uses an in-house, ComForCare is a top-ranked, leading home care franchise whose brand is synonymous with quality care, innovative care programs, and recognition for building a top caregiving culture. As stated in our current Franchise Disclosure Document ("FDD"), the typical initial investment when opening a The UPS Store center is estimated as follows, depending on the type, location and size of the center: Traditional location centers: $240,959 - $508,472 1. Unrivalled audience intelligence and market driven data with locations in Pennsylvania and.. 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