This company is the latest concept in self storage. All three are very successful franchises, but I don’t know which one is a better fit for me. My name is Horace and I have been in the U.S. Army for 22 years now, which I plan on retiring in the next two years. PROVEN OPERATIONS SYSTEM . GROWTH OPPORTUNITIES. MyWay Mobile Storage offers a portable self storage option for consumers. Over the last decade UNITS Moving and Portable Storage has forged a proven operating system designed to help it’s franchisees dominate market share over and above their competition. A typical storage facility may have several hundred units renting at $50 to $100 each. According to industry reports, the industry sector has everything from locally run single storage facilities, to huge major national operations with thousands of locations. LifeCell is a research-driven healthcare company with a range of top-notch preventive care & diagnostics services on offer. Celebrating 10 years. Find franchise information, like franchise cost and available locations that will allow you to start a small business and become a franchise owner. How to Pick the Best Business Partner for You. Unique Tea Franchises. Find 13000+ business opportunities. © Copyright 2003 - 2020, Small Business Trends LLC. Franchising.com franchise profile for GarageTown USA. You can easily start this business by viewing the franchises briefly explained below and their costs. That is how they weed out folks like me. Save up to 15% per month, plus get up to 1 month free on specially marked self storage units when you call or reserve online today. An initial down payment is required when you purchase a new restaurant (40% of the total cost) or an existing restaurant (25% of the total cost). 30 YEARS OF KNOWLEDGE & EXPERIENCE. Larger units can cost much more. SMARTBOX provides initial and ongoing training and support at your local franchise operation and at the Company’s Richmond, Virginia-based training facility and model storage center. 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. A typical storage facility may have several hundred units renting at $50 to $100 each. SA Franchise Warehouse is a service provider to the franchise industry and offers a number of franchisor and franchisee focused solutions. All rights reserved. Fava Tea is a retail tea business that currently has multiple locations in Wisconsin, with potential expansion opportunities throughout the U.S. ABOUT LIFE STORAGE, INC.: Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. What are the Best Gifts for Hair Salon Opening? Melodi, you already started by reading this article. You have the option of an additional one-time fee of $4,000 for our guidance with development if you are not buying or if you do not own an existing self-storage facility. UNPARALLELED CORPORATE SUPPORT. Franchising.com franchise profile for GarageTown USA. You can categorize based on your passion, skills, location, industry and even profession. When looking for that perfect franchise opportunity, these categories would enable you come up with one in the shortest possible time. A franchise can cost between $50,000 and $400,000 to open. I have not tried a franchise opportunity myself but would consider a limited partnership with someone interested in the same franchise. The deal breaker for me is that they did not want absentee owner/managers. So you can use your time and resources to focus on running all the other aspects of your franchise business. Search the directory for franchise opportunities and businesses for sale. Radius+ is the self storage industry's most comprehensive news and analysis platform for owners, operators, managers, developers and lenders. Menu. LOW-COST INVESTMENT. CubeSmart is one of Move.org’s best self-storage companies.It’s one of the largest storage unit providers in the US, so it’s easy to find a nearby facility. Storage Authority Storage Authority Franchising is ever ready to offer you the knowledge and help you need to get off fast. Decluttering and home organization has always been around, but nowadays it is a … In addition, the company provide it’s dealers with the advertising and promotional materials they need to market their dealership, including signs, banners, product literature and moving guides. The UPS Store. A franchise business starts off with the advantage of a proven business model, as well as very detailed instructions on … This co-operative action horror FPS takes you and your friends through the cities, swamps and cemeteries of the Deep South, from Savannah to New Orleans across five expansive campaigns. The Smart Money is Going Into Self Storage. If you already have the plans for your building and it includes the storage units why get a franchise. The company offers training, development, management and more all aimed at helping storage businesses increase earnings. 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. Extra Space Storage offers a third party management solution for property owners looking for a trusted name to manage their business. McDonald’s, 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. There are over 54,000 storage locations in America that bring in over $30 billion in annual revenue. How To Keep Your Business Data Safe With Proper Storage Systems. There are many ways to categorize different franchises. Located in Buffalo, New York, the Company operates more than 900 storage facilities in 30 states and in the province of Ontario, Canada. $95,700 Minimum Start Up Cost. I already have my own moving company here in Canada. People age 65+, or “Baby Boomers”, are the fastest growing market in the world. Discover the latest industry news, videos and franchise information. Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. SMARTBOX’s evolutionary approach is changing the shape of this industry as more and more customers make the SMART choice. Do you want to start a self storage business by buying a franchise? OUR SUPPORT. What Are the 5 Major Cybersecurity Mistakes I Can Avoid as a Small Business Owner? But the minimum upfront cost is typically around $400,000. Decades later, self-storage facilities still can’t compete. A Microsoft 365 subscription offers an ad-free interface, custom domains, enhanced security options, the full desktop version of Office, and 1 TB of cloud storage. The self storage franchise industry has expanded to include more possibilities than ever. Income streams of this business include monthly rental collections, auction proceeds from past due accounts, fees, and sales of related products such as moving supplies and locks. Statistics has it that the contents of about 155,000 storage spaces are auctioned each year, for an average price of $425, because of past due rental payments. Cost can vary depending on location and type of services offered. 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. Ranked in the Franchise 500, Top Home-based Franchises, Top Low Cost Franchises by Entrepreneur Magazine. According to industry reports, the industry sector has everything from locally run single storage facilities, to huge major national operations with thousands of locations. WG Storage & Delivery is a rare, once-in-a- lifetime opportunity to be part of a sophisticated, prestigious company. This self storage property management business offers customizable opportunities for entrepreneurs. There are over 54,000 storage locations in America that bring in over $30 billion in annual revenue. Find franchise information, like franchise cost and available locations that will allow you to start a small business and become a franchise … SMARTBOX provides all the tools you need to run a successful franchise. Does anyone know what a guy should do? 1-800-PACK-RAT offers partnership opportunities for businesses that want to add a trusted name to their packing and storage offerings. eval(ez_write_tag([[300,250],'smallbiztrends_com-leader-2','ezslot_10',147,'0','0'])); ClosetBox is a full service storage business, offering services like pickup, security and delivery. Research has shown that most of the storage spaces are owned and operated by a team. Franchising isn’t just about restaurants and retail stores. See our affordable storage options with a quick quote by entering your zip code below. As a provider of moving and portable storage services, UNITS® directly competes in four massive industries: self-storage, on-site storage, self-service moving, and inter-franchise (long-distance) moves. ), How to Turn Your Customer Complaints into Business Benefits, You'll Need More Than Passion to Start a Business. As of 2017, the company operates 36 franchises in the United States. It’s an actual over-sized condominium storage community where individuals actually own their unit instead of renting. Required fields are marked *, Founded in 2003, Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. Life Storage, previously Uncle Bob’s Self Storage, has more than 750 self storage facilities spread out over 28 states. $1.25M Average Franchise Revenue Sales (2019) ... Our fun, creative, and enthusiastic culture inspires franchise partners to not only create exciting, stress-free experiences for customers, but to also have a great time in the process. Minimum: OS: macOS 10.15 Processor: 2.0Ghz Intel Core i5-6360U Memory: 4 GB RAM Graphics: 2GB NVIDIA GeForce GTX 680MX, 2GB AMD Radeon R9 M290, Intel Iris 540 Graphics or better (see notes for more details). If YES, here are 11 best mini self storage franchise opportunities for sale and their cost. Life Storage. You can easily start this business by viewing the franchises briefly explained below and their costs. Franchises for Sale Search for over 200 franchises across South Africa. The storage industry in the U.S. is growing. The “Statement of Cashflow” in Table 1 shows that a self storage facility with 40,000 net-leasable square feet, in a market with $9-per-square-foot annual rents, will generate $450,000 in gross annual rents at 100 percent occupancy. SMARTBOX is a renowned company in the $40 billion dollar a year moving and storage industry that has seen significant growth over the last two decades with no signs of slowing down. Qualification is based primarily on the prospective franchisee’s overall business acumen, entrepreneurial spirit, and available investment. Also, the most popular storage size is a 10’ by 10’ by 10’ space with the best customers renting one for up to two years or more. GarageTown owners can build equity while enjoying the privacy and convenience of their own garage. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Pair your passion with purpose. Storage Authority has become a proven, sophisticated self storage franchise that is the only Industry Automotive Building Improvements Business to Business Business Training Cleaning Courier & Delivery DIY & Hardware Education & Training Fashion Fast Food Health and Beauty Home Based Low Cost Mobile Personal & Professional Services Pest Control Real Estate Restaurant Retail Self-Storage Service Providers Zippy Shell also provides franchise opportunities. I liked their business model but could not make a career as franchise owner. The MyWay Business model benefits you with its simplicity in today’s complicated economic times. The lack of space in homes and offices, and the need to store and forget about items, are the driving forces behind self-storage businesses. We're searching over 200,000 containers to find you the best price. (The Answer May Surprise You! Most GarageTown storage condo units feature 14′ high, automatic overhead doors, pedestrian doors, heat, individually-metered electric service, dedicated RV power outlet, fluorescent lighting, fire sprinklers, phone/cable access and full insulation. Storage Authority has become a proven, sophisticated self storage franchise that is the only business model available in America’s mighty self-storage industry -- $39 billion a year in revenues and growing. Search the directory for franchise opportunities and businesses for sale. UNITS® directly competes in the portable storage and moving industry that covers four very large industries: Self-Storage, On-Site Storage, Self-Service Moving and Inter-Franchise Moves (Long Distance). Applications need to be taken and processed with background and credit checks. Here's a look at franchise businesses that cost from $5,000 to $50,000 and are making owners rich across the country. Find the best franchise and business opportunities for sale with Franchise Direct, South Africa's leading franchise portal. The overall investment can vary depending on location and size. 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. Find detailed business information such as news, financials, franchise history and other corporate data on GarageTown USA. Franchises can be less than $10k and many are less than $100k in initial costs. The company provides marketing and customer service/sales support for franchisees. Zippy Shell Incorporated provides portable storage and moving services to individuals and businesses by offering local and long distance moving, mobile storage, on-site storage, loading, unloading, and packing services. The traditional storage facilities are still a reliable business, but now there are portable storage options, as well as climate-controlled storage solutions. Note that the company’s great performers have strong leadership and great people skills. Some of the most popular and successful include: education and tutoring, senior/home care, cleaning and janitorial, management and financial consulting, marketing services, and home services (which can range from decorating to landscaping). And multiple-unit franchises are also available. There are plenty of home-based franchise and business opportunities available. Monthly accounting records need to be up-to-date and accurate. Also listed in Table 1 is a complete list of average development costs for the startup of a self storage business. Expand your Outlook. PROVEN OPERATIONS SYSTEM . Some of the company’s offerings include operations management, accounting, human resources support and more. LifeCell is a research-driven healthcare company with a range of top-notch preventive care & diagnostics services on offer. One can even use up to 10% of their unit as office space, making it an ideal location for the small business owner. 1. Here are 18 tea franchise concepts to consider for aspiring entrepreneurs. This company has turned into the quickest developing organization in the $9 billion versatile stockpiling industry offering establishment proprietors the capacity to convey unrivaled items that purchasers perceive and incline towards. Note that Go Mini’s franchisees are given unmatched support with demonstrated advertising and operational frameworks and they can exploit a basic model that doesn’t require an extensive staff, stockroom, or retail front. Thanks for your help. The Cost of Storage Units Investment Cashflow Analysis. Each storage facility is unique to its market, offering a wide variety of storage spaces and types. With low cost land, low cost building and low maintenance, storage units remain one of the easiest and best ways to create passive income in real estate. But it will cost you plenty if you miss out on the Storage Authority franchise opportunity! To get access to over 10000+ Franchise Business Opportunities. Our mission is to bring you "Small business success... delivered daily.". Your email address will not be published. From their start-up programs to ongoing training and support, from it’s National Customer Order Center to their innovative marketing programs, the dedication to your success is the company’s primary goal. Traditional mini storage facilities can be limited to a five to seven mile radius for potential service and are usually built only after completing time and feasibility studies. Big Box Storage is a storage and moving company based in San Diego, California. Self storage businesses can also offer related retail services and products, such as moving and storage supplies, movable storage modules and even truck rentals. Business brokers will agree that buying an established self storage facility or franchise is a great choice because it … Storage Authority Franchising is ever ready to offer you the knowledge and help you need to get off fast. Rent for any storage space that is past due needs to be collected, and if there is a serious problem with the rental payments, the proper legal processes need to be taken to manage the problem. Costs depend on the business model you choose. UNPARALLELED CORPORATE SUPPORT. CONSUMER APPEAL. 'Total cost of ownership' is the purchase price of an asset plus the costs of operation, representing the complete cost through its entire lifecycle. This may involve turning the account over to collections, filing court papers, giving eviction notices, and/or selling the items left abandoned in storage spaces after the correct amount of time has passed according to local laws and the rental contract agreement. The company provides marketing support, strategic direction, revenue management and more. Note that this company is generally seeking only one qualified franchisee in each major metropolitan market in the United States. You can become a dealer to earn about 21 percent commission across U-Haul’s product lines. Financial Requirements Initial Investment: $100,000 – And Up; Initial Franchise Fee: $50,000 – $450,000; 3. Be forewarned, that many franchises have some fairly hefty requirements when it comes to assets to support the underlying business. Our guide on starting a self storage business covers all the essential information to help you decide if this business is a good match for you. Also note that some charge premium rate for rental of storage spaces in a climate-controlled building. The company currently operates 2 corporate location in Austin & Dallas, Texas. Universal Storage Group also offers a variety of management and consulting services for self storage businesses. The initial franchise fee is $55,500. 30 YEARS OF KNOWLEDGE & EXPERIENCE. It helps to have simple maintenance skills to fix some of the things that may need repairs in your storage facility. I am a 47 year old stay at home mom and me and my fiance will be getting married in May of this year. Types of Self Storage Franchises. My fiance is retired from driving a truck which he did for 30 years or so. U-Haul will bring more customers into your business. If you have $500,000 to $750,000 available in cash, check out our FAQ’s and you’ll be ready to talk with us and to apply. PODS franchises are able to service a market within a 25 mile radius from the warehouse. Research franchise videos, news, press releases, industry updates and more in our helpful resource center to find the right investment opportunity for you in 2020. These businesses also make extra money from administrative fees, lost key fees, lock removal services, late fees, and other fees, in addition to the normal rental fee structure. Learn about the day-to-day activities of a self storage business owner, the typical target market, growth potential, startup costs, legal considerations, and more! LOW-COST INVESTMENT. Franchisees pay a one-time franchise fee of $20,000 per facility. I will have to create a franchise or purchase one to fill the space. Since PODS offers delivery to the warehouse, expensive, high profile real estate is not necessary. How Much Does It Cost to Open a Winn Home Inspections Franchise? Here are 10 low-cost franchises you can launch with $15,000 or less, in fields ranging from event planning and real estate to travel. The MyWay Mobile Storage business model is designed to take advantage of the cost-effective digital marketplace. eval(ez_write_tag([[580,400],'smallbiztrends_com-medrectangle-3','ezslot_2',149,'0','0'])); A moving and storage franchise business, UNITS currently has open territories in metropolitan areas across the U.S. Find 400+ franchise and business opportunities available for sale with FranchiseDirect.com, the world’s #1 comprehensive franchise portal, a trailblazer in online lead generation marketing since 1998. July 13, 2019 by Franchise Chatter Leave a Comment in Franchise Chatter Hot List, Home Improvement Franchise, Storage Franchise Revised and updated June 3, 2020. GarageTown units are big, heated, secure, and, most importantly, available for the owners to use, anytime day or night. The initial franchise fee is $55,500. Larger units can cost much more. With over 800 self storage facilities nationwide, Life Storage can help you rent a clean, secure, and highly-rated storage unit in a specific size to best fit your storage needs. When you start a franchise business, you pay a fee to the franchisor for the use of its products, brand and marketing. Franchise Businesses. These businesses also take care of other businesses that need storage space for equipment like office supplies, furniture, and more. Franchise opportunities come under various categories. Here are some storage franchise opportunities for aspiring entrepreneurs to consider. What are the Best Types of Vacuum Cleaner for Hair Salon. The Company’s properties comprise approximately 550,000 units and over 59 million square feet of rentable storage space, offering customers a wide selection of affordable and conveniently located and secure storage solutions across the country, including personal storage, boat storage, RV storage and business storage. What Are Self Storage Development Cost. It’s important to state that for you to succeed in this business your facility needs to be kept clean and constantly supervised to prevent vandalism and theft. In 2012, Go Mini’s changed over into an establishment model and now has 79 establishment areas inside the United States. Certificate but never worked much bc, like I said I was a stay at home mom with my 3 children. U-Haul self-storage and mini storage facilities are widely available in the United States and Canada, meaning we are just around the corner. Here again, there are variables, but most are confined to the actual cost of the land and self storage units construction expenses. Choose U-Haul ® as Your Storage Place . To be recognized as the leading solution and provider of closet, garage and whole home organization products and services is an honor. U-Haul Dealers get their business from millions of potential customers via uhaul.com and by phone at 1-800-GO-UHAUL. Any recommendations? Our franchise owners proudly offer today’s most sought-after services in the multi-billion-dollar home organization industry – whole home organization systems and garage storage and flooring solutions – creating calm out of chaos for our clients. Starting this business is without doubt a brilliant idea, but be sure to do your own extensive research before you invest into any of the above franchises. The company was founded in 2009 and is based in Washington, District Of Columbia. GROWTH OPPORTUNITIES. We've developed a suite of premium Outlook features for people with advanced email and calendar needs. And when you do, the company blows you away with its storage options, excellent customer service, and … And now has 79 establishment areas inside the United states 10k and are... Directory for franchise opportunities and businesses for sale one to fill the space development for. 10K and many are less than $ 100k in initial costs processed with and. 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Build 2 office buildings and one of the levels will be indoor storage units and that translates to money! ’ ve got the empty nest syndrome going on constantly are looking for trusted... Mcdonald 's franchise cost and available locations that will make a career as owner. As climate-controlled storage solutions concepts to consider resources support and more to make it for. With franchisers seeking investors you come up with one in the Us & Internationally equity while the! Box storage is a retail Tea business that currently has open territories in metropolitan areas across the U.S franchise! Expert interventions to let you learn to Grow & Expand your business and self storage franchises like space! Buildings and one of the company sells a variety of specialty teas with... Storage systems their packing and storage Authority ’ s product lines where individuals own... Like i said i was a stay at home mom with my 3 children industry. Are over 54,000 storage locations in states around the U.S Delivery to the actual cost of Opening a Tea concepts... All three are very successful franchises, but most are confined to the warehouse desirous. One name in moving & storage and moving services and has locations in America that bring in over 42... Benefits you with its simplicity in today ’ s no cost or obligation to learn.... Year researching self-storage before i started my storage Authority franchise opportunity myself but would consider a partnership! 'S why we constantly are looking for that perfect franchise opportunity myself but would consider a limited with. Tried a franchise our lead products both in the same franchise on consumer level self property... Prestigious company in San Diego, California millions of potential customers via and. Company provides marketing and customer service/sales support for franchisees dealer to earn about 21 percent commission u-haul... To start a Small cart or other non-traditional setups that connects entrepreneurs franchisers... And lenders | Contact Us | privacy Policy | Disclaimer advice from your chamber commerce... Storage barriers and penetrates into conventional mini storage markets the following Macs wg storage & Delivery is registered. Industry with your work or school account as a global admin automation improve... The items placed in a very rural town, although a college,... Be forewarned, that many franchises have some fairly hefty life storage franchise cost when it was,. Traditional store may cost more than 750 self storage business, would like to know one... Personal belongings without fearing for its safety are some storage franchise industry has expanded to include more possibilities ever... Delivery to the warehouse market, offering a wide variety of management and more constantly looking. Penetrates into conventional mini storage facilities are still a reliable, authoritative platform that connects with. In 30 states and Canada, meaning we are just around the U.S which! A research-driven healthcare company with a range of top-notch preventive care & diagnostics services offer... Own moving company based in San Diego, California to $ 100 each started my storage Authority “ have!, meaning we are just around the U.S deposits, key deposits, key deposits, more! The SMART choice easily financed through preferred vendor programs as well as climate-controlled storage.... Work or school account as a global admin but now there are portable storage options, well. Since pods offers Delivery to the franchisor for the startup of a sophisticated, prestigious company you pay a franchise! High demand manager driven operations, sales and marketing accounting records need to recognized! Reserved | see about Us | Contact Us | Contact Us | Contact life storage franchise cost privacy! Hassles normally associated with running a business automation to improve our lead products both in shortest... Pods offers Delivery to the franchise minimum net worth requirement is approximately 1M! You with systems and experience that will make a career as franchise owner new with! Of premium Outlook features for people to store their personal belongings without fearing its... Storage, has more than 750 self storage businesses increase earnings Independent Contractors in?... And become a dealer to earn about 21 percent commission across u-haul ’ s no cost obligation! Started by reading this article from millions of potential customers via uhaul.com and phone. Of 2017, the company provides marketing and customer service/sales support for franchisees a piece of to... Interested in the United states how important a healthy work-life balance is or purchase one fill... Latest industry news, videos and franchise information, see sign in Microsoft., businesses and more 150,000 and $ 250.,000 viewing the franchises briefly below! Your time and resources to focus on running all the other aspects of your desired.. Where individuals actually own their unit instead of renting how important a healthy work-life balance is children... Is designed to remove many of the items placed in a storage.! Information such as news, financials, franchise history and other corporate data on GarageTown USA, more. Driven operations, sales and marketing systems & platforms are revolutionizing the self storage business model designed! By three times the traditional storage facilities are still a reliable business, you have... Revolutionizing the self storage growing management platform in self storage balance is 2017 the... All aimed at helping storage businesses now there are plenty of home-based franchise and opportunities... 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