The company, which provides portable storage containers, started out with just a few company owned locations, but has since welcomed franchisees in other areas. The storage industry in the U.S. is growing. Thanks for your help. If you are about to franchise, make sure you read this article because it’s really great and will help you out of your business when starting. Research has shown that most of the storage spaces are owned and operated by a team. Certificate but never worked much bc, like I said I was a stay at home mom with my 3 children. According to IBISWorld, the industry brings in an estimated $38 billion annually. Join Our Mailing List. The company currently operates 2 corporate location in Austin & Dallas, Texas. Your email address will not be published. When the store office is closed, rentals don't stop. (This person should have at lea… CoreLife Eatery is seeking multi-unit development partners. So you can use your time and resources to focus on running all the other aspects of your franchise business. © Copyright 2003 - 2021, Small Business Trends LLC. 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. That is how they weed out folks like me. But the minimum upfront cost is typically around $400,000… These businesses also take care of other businesses that need storage space for equipment like office supplies, furniture, and more. Franchises for sale in the moving and storage industry include 1-800-GOT JUNK, a well-known junk removal brand, and Two Men and A Truck, a top ranked franchise opportunity in the moving industry. Initial Franchise Fee: $50,000 – $450,000, Initial Investment: $3,000,000 – $6,000,000, 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, Initial Investment: $657,450 – $1,219,830, Net-worth Requirement: $250,000 – $500,000, 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, How to Get a Restaurant Depot Membership Without a Business. Those interested in partnering with CubeSmart Self Storage receive access to benefits like marketing support, access to management professionals, a sales center and more. Control your own … SMARTBOX provides all the tools you need to run a successful franchise. I already have my own moving company here in Canada. Big Box Storage is a storage and moving company based in San Diego, California. We’re the only self-storage franchise available in the United States – an industry with $39 billion in annual revenue and growing. We are currently seeking experienced multi-unit partners to build out the United States. I just acquired a piece of land to build 2 office buildings and one of the levels will be indoor storage units. Seattle Moving Service - Learn More; Seattle Storage … 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. Life Storage is currently the only major storage operator offering customers a complete online rental process with "Rent Now". The moving and storage business offers location assistance and other support services to franchisees as they get started and grow their businesses. 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. 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. The franchise minimum net worth requirement is approximately $1M with $300K in liquidity. I liked their business model but could not make a career as franchise owner. 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. Guardian Storage offers some property management and consulting services to self storage business owners, currently with locations in Pennsylvania and Colorado. According to industry reports, the industry sector has everything from locally run single storage facilities, to huge major national operations with thousands of locations. The traditional storage facilities are still a reliable business, but now there are portable storage options, as well as … Others offer insurance, for an additional monthly premium, to insure the contents of the items placed in a storage space. To be considered, our franchise candidates will preferably meet the following criteria: You must commit to spending 100% of your time in the day to day operation of your restaurant(s). The most successful franchise partners have a management background with an understanding of sales and marketing. Franchise Businesses. How To Keep Your Business Data Safe With Proper Storage Systems, Fraud is on the Rise: How to Protect Your Small Business, How to Turn Your Customer Complaints into Business Benefits, You'll Need More Than Passion to Start a Business. Extra Space Storage offers a third party management solution for property owners looking for a trusted name to manage their business. How Much It Cost to Open Pillars to Post Inspections Franchise, How Much It Cost to Buy a Keller Williams Franchise, How Much It Cost to Open a Century 21 Franchise, 16 Best Home Inspection Franchise Opportunities for Sale, 9 Best Property Management Franchise Opportunities for Sale, 31 Best Real Estate Agency & Broker Franchise Opportunities, Meanwhile, the best customers are the ones that have a longer-term need for storage, such as a military member who is on active duty outside of the. 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. Storage Authority offers a franchise opportunity that focuses on consumer level self storage. "Small Business Trends" is a registered trademark. Self storage businesses can also offer related retail services and products, such as moving and storage supplies, movable storage modules and even truck rentals. 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. PODS breaks through traditional mini storage barriers and penetrates into conventional mini storage markets. 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. What are the Best Gifts for Hair Salon Opening. This process requires costly permit fees. GarageTown USA provides a few different business opportunities for land owners and entrepreneurs in various markets around the U.S. You can provide the location for a new GarageTown franchise or partner with the company to find the right markets in your area.eval(ez_write_tag([[336,280],'smallbiztrends_com-large-mobile-banner-1','ezslot_6',146,'0','0'])); Originally founded in Australia, Zippy Shell has franchise locations in a number of U.S. markets and is open to even further expansion. Extra Space Storage 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. Applications need to be taken and processed with background and credit checks. Be sure to take advantage of this when you become a storage franchisee. 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). The next time you’re looking for storage units in Seattle, don’t drive across town. I am interested in joining the CubeSmart Franchise as an owner or other self storage franchises like Extra Space Storage and Storage Authority. Monthly accounting records need to be up-to-date and accurate. The company was previously known as Sovran Self Storage and Uncle Bob's Self … The deal breaker for me is that they did not want absentee owner/managers. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Seagate Addresses Business Storage Needs with New 14TB Hard Drives. The company provides marketing support, strategic direction, revenue management and more. Financial Requirements Initial Investment: $100,000 – And Up; Initial Franchise Fee: … The list of potential franchise markets is limited to ones that possess a minimum population of 500,000 residents, although most of the company’s defined markets are home to well over one million residents. WG Storage & Delivery is a brand new franchise opportunity. But it usually starts at $40,000. 1-800-PACK-RAT offers partnership opportunities for businesses that want to add a trusted name to their packing and storage offerings. You can easily start this business by viewing the franchises briefly explained below and their costs. Ultimately I have no money in the bank no capital own zero property and quite frankly living pay check to pay check my credit is fair, I’m just curious to know what do I need to do to get this idea established. I have not tried a franchise opportunity myself but would consider a limited partnership with someone interested in the same franchise. Learn More About Our Services. The overall investment can vary depending on location and size. The company provides marketing and customer service/sales support for franchisees. Some of the company’s offerings include operations management, accounting, human resources support and more. If YES, here are 11 best mini self storage franchise opportunities for sale and their cost. 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. Universal Storage Group also offers a variety of management and consulting services for self storage businesses. 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. eval(ez_write_tag([[300,250],'smallbiztrends_com-leader-2','ezslot_8',147,'0','0'])); ClosetBox is a full service storage business, offering services like pickup, security and delivery. Solomon O’chucks is a Researcher, Prolific Writer and a UNICEF trained & Certified Facilitator and Counselor, A Graduate of Morris Cerullor School of Ministry and He Holds a Degree in Personal Development & Science of Success from IIGL Asheville, NC, USA. Cost can vary depending on location and type of services offered. The MyWay Mobile Storage business model is designed to take advantage of the cost-effective digital marketplace. My fiance is retired from driving a truck which he did for 30 years or so. I will have to create a franchise or purchase one to fill the space. Do you want to start a self storage business by buying a franchise? In 2012, Go Mini’s changed over into an establishment model and now has 79 establishment areas inside the United States. I myself feel EZ Storage is not bad but it’s not on the list.Do you have any experience that can share with me? Stay productive. 1-800-PACK-RAT 1-800-PACK-RAT provides portable storage, on-site storage, warehouse self-storage and moving services. @Shital Thakkar - If I understand you correctly, the big box self storage companies you're referring to are the publicly traded REITs like Extra Space Storage, Public Storage, CubeSmart, and Uncle Bob's/Sovran/Life Storage. Storage and self storage services is a growing industry and have a big scope of boom in the future. This means that the return on investment on a storage … The initial franchise fee can vary depending on the size of your desired territory. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. 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. 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. 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. It all adds up to more money to the bottom line. 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. The self storage franchise industry has expanded to include more possibilities than ever. One can even use up to 10% of their unit as office space, making it an ideal location for the small business owner. As of 2017, the company operates 36 franchises in the United States. U-Haul offers a unique opportunity for existing business owners who want to add the U-Haul name to their moving and storage offerings. Our mission is to bring you "Small business success... delivered daily.". Franchising.com franchise profile for UNITS® Moving and Portable Storage. But the minimum upfront cost is typically around $400,000. A moving and storage franchise opportunity might just be just the perfect business match for you. 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. If you have $500,000 to $750,000 available in cash, check out our FAQ’s and … Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. GarageTown units are big, heated, secure, and, most importantly, available for the owners to use, anytime day or night. 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. You can become a dealer to earn about 21 percent commission across U-Haul’s product lines. You have the opportunity to take advantage of a $12 billion moving industry with your own WG Storage & Delivery franchise. The ideal candidate for UNITS® Moving and portable storage is someone who has or has held a corporate job and desires to build a large overall asset through tangible assets/real estate. Storage Authority’s high demand manager driven operations, sales and marketing systems & platforms are revolutionizing the self storage industry. I've never heard of franchising in self storage, and probably the reason why is because branding is considered very ineffective for self storage. And if you’re looking to break into this growing business niche, a franchise can be a great way to get the resources and know-how you need. Note that this company is generally seeking only one qualified franchisee in each major metropolitan market in the United States. Since a storage facility typically has less overhead and operating costs than other businesses, it usually enjoys a lower break-even income. Life Storage was originally known as Sovran Self Storage, Inc., operating under the brand name Uncle Bob’s Self Storage beginning in the late 1980s. Storage franchises need to market and advertise in order to bring customers into the business. The company was founded in 2009 and is based in Washington, District Of Columbia. The franchise models are easily financed through preferred vendor programs as well. Business brokers will agree that buying an established self storage facility or franchise … 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. Thank you for sharing the post. Life Storage went public on the New York Stock … According to industry reports, the industry sector has everything from locally run single storage facilities, to huge major national operations with thousands of locations. How Much Does It Cost to Open a Winn Home Inspections Franchise? Health franchises can be a rewarding way to enter the exciting franchise industry, and a way to finally be your own boss. The overall investment can vary depending on location and size. The MyWay Mobile Storage business model is designed to take advantage of the cost-effective digital marketplace. There are over 54,000 storage locations in America that bring in over $30 billion in annual revenue. Security deposits, key deposits, and the collection of rental payments, all need to be handled properly. I’m interested in setting up a self storage business, would like to know which company is a better choice? 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. 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. You can easily start this business by viewing the franchises briefly explained below and their costs. The MyWay Business model benefits you with its simplicity in today’s complicated economic times. Any recommendations? Enjoy faster start up and a better location close to home. Stay safe. According to the company, it’s national sales / customer service center eliminates the need for you to hire sales, customer service, order entry, billing, and scheduling personnel. Here are some storage franchise opportunities for aspiring entrepreneurs to consider. After that, a … Individuals who succeed in this business are majorly people who enjoy working with people and are excellent when it comes to tenant relations. 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. The initial franchise fee is $55,500. Franchisees pay a one-time franchise fee of $20,000 per facility. U-Haul Dealers get their business from millions of potential customers via uhaul.com and by phone at 1-800-GO-UHAUL. The company has offerings for consumers, businesses and more. 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. 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. Receive notice of in-store and online events, product updates, promotions, special offers, and more from Fireworks via email. Let the storage come to you so you can get back to enjoying life in Northern Washington. It’s not only an exciting opportunity, but a chance for a personally satisfying career, providing the highest level of service in the industry. To be recognized as the leading solution and provider of closet, garage and whole home organization products and services is an honor. All rights reserved. If you already have the plans for your building and it includes the storage units why get a franchise. Thankfully, most storage franchisors offer marketing assistance to franchise owners. They will also provide you with systems and experience that will make a difference in your business. Alternatively, you may designate an Operating Principal to fill this role. Zippy Shell also provides franchise opportunities. Save up to 15% per month, plus get up to 1 month free on specially marked self storage … Storage Authority Franchising is ever ready to offer you the knowledge and help you need to get off fast. Contact Life Storage customer service. Customers may complete the rental … Life Storage is a real estate investment trust headquartered in Williamsville, New York that invests in self storage units. Located in Buffalo, New York, the Company operates more than 775 storage … Since PODS offers delivery to the warehouse, expensive, high profile real estate is not necessary. U-Haul will bring more customers into your business. GarageTown owners can build equity while enjoying the privacy and convenience of their own garage. Does anyone know what a guy should do? Located in Buffalo, New York, the Company operates more than … Life Storage … I am a 47 year old stay at home mom and me and my fiance will be getting married in May of this year. We live in a very rural town, although a college town, of under 10,000 people. Profit from Storage Authority Experience and networking with other franchisees. 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. Meanwhile, the best customers are the ones that have a longer-term need for storage, such as a military member who is on active duty outside of the united states, and who is able to pay for the monthly rental by using some method of automatic payment, such as a monthly credit card payment or an electronic fund transfer (EFT) from a bank account. 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