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. 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. 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. I will have to create a franchise or purchase one to fill the space. 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. We are currently seeking experienced multi-unit partners to build out the United States. The minimum investment for developing a Storage Authority franchise is about $200,000, according to the company’s website. Monthly accounting records need to be up-to-date and accurate. My fiance is retired from driving a truck which he did for 30 years or so. 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. The deal breaker for me is that they did not want absentee owner/managers. Could NLRB Ruling Destroy the Franchise Business? This company was founded in 2002, and it turned out to be one of the quickest developing convenient stockpiling and moving organizations in North America with 166 areas in the United States, Canada, and Mexico. Since a storage facility typically has less overhead and operating costs than other businesses, it usually enjoys a lower break-even income. But the minimum upfront cost is typically around $400,000. Our mission is to bring you "Small business success... delivered daily.". 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. MyWay Mobile Storage offers a portable self storage option for consumers. 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. 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. 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. The moving and storage business offers location assistance and other support services to franchisees as they get started and grow their businesses. 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. Receive notice of in-store and online events, product updates, promotions, special offers, and more from Fireworks via email. The company has offerings for consumers, businesses and more. Located in Buffalo, New York, the Company operates more than 775 storage … 1-800-PACK-RAT 1-800-PACK-RAT provides portable storage, on-site storage, warehouse self-storage and moving services. 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. The company provides marketing and customer service/sales support for franchisees. The MyWay Mobile Storage business model is designed to take advantage of the cost-effective digital marketplace. But it usually starts at $40,000. If you have $500,000 to $750,000 available in cash, check out our FAQ’s and … The storage industry in the U.S. is growing. Life Storage is currently the only major storage operator offering customers a complete online rental process with "Rent Now". Learn more at Franchising.com. 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. 1-800-PACK-RAT offers partnership opportunities for businesses that want to add a trusted name to their packing and storage offerings. It all adds up to more money to the bottom line. WG Storage & Delivery is a brand new franchise opportunity. U-Haul is the number one name in moving & storage and that translates to more customers for them. Self storage businesses can also offer related retail services and products, such as moving and storage supplies, movable storage modules and even truck rentals. CoreLife Eatery is seeking multi-unit development partners. 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. 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. Storage Authority offers a franchise opportunity that focuses on consumer level self storage. It’s an actual over-sized condominium storage community where individuals actually own their unit instead of renting. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Learn More About Our Services. The next time you’re looking for storage units in Seattle, don’t drive across town. The advantages that make us one of the top home-based franchises … You can probably get marketing advice from your chamber of commerce and your builder should help with making the units secure. The marketing materials presented to you buy top storage franchises … 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. If you already have the plans for your building and it includes the storage units why get a franchise. Guardian Storage offers some property management and consulting services to self storage business owners, currently with locations in Pennsylvania and Colorado. U-Haul Dealers get their business from millions of potential customers via uhaul.com and by phone at 1-800-GO-UHAUL. Gift shop, born in Seattle. Extra Space Storage offers a third party management solution for property owners looking for a trusted name to manage their business. What are the Best Gifts for Hair Salon Opening. I've never heard of franchising in self storage, and probably the reason why is because branding is considered very ineffective for self storage. 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). PODS breaks through traditional mini storage barriers and penetrates into conventional mini storage markets. 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 the company’s great performers have strong leadership and great people skills. So you can use your time and resources to focus on running all the other aspects of your franchise business. Storage and self storage services is a growing industry and have a big scope of boom in the future. You can easily start this business by viewing the franchises briefly explained below and their costs. Life Storage is a real estate investment trust headquartered in Williamsville, New York that invests in self storage units. Some of the company’s offerings include operations management, accounting, human resources support and 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. The company was founded in 2009 and is based in Washington, District Of Columbia. You can become a dealer to earn about 21 percent commission across U-Haul’s product lines. According to industry reports, the industry sector has everything from locally run single storage facilities, to huge major national operations with thousands of locations. 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). Thankfully, most storage franchisors offer marketing assistance to franchise owners. Cost can vary depending on location and type of services offered. 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. We’re the only self-storage franchise available in the United States – an industry with $39 billion in annual revenue and growing. "Small Business Trends" is a registered trademark. 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. 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. Enjoy the life style you always dreamed of. Any ideas at all? PODS units are stackable, so you can maximize your space by three times the traditional warehouse potential. U-Haul will bring more customers into your 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. Location: Thank you for sharing the post. Storage Authority Franchising is ever ready to offer you the knowledge and help you need to get off fast. 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. GarageTown owners can build equity while enjoying the privacy and convenience of their own garage. Those interested in partnering with CubeSmart Self Storage receive access to benefits like marketing support, access to management professionals, a sales center and more. As of 2017, the company operates 36 franchises in the United States. It helps to have simple maintenance skills to fix some of the things that may need repairs in your storage facility. 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. PODS franchises are able to service a market within a 25 mile radius from the warehouse. Health franchises can be a rewarding way to enter the exciting franchise industry, and a way to finally be your own boss. Customers may complete the rental … Others offer insurance, for an additional monthly premium, to insure the contents of the items placed in a storage space. eval(ez_write_tag([[580,400],'smallbiztrends_com-medrectangle-3','ezslot_4',149,'0','0'])); A moving and storage franchise business, UNITS currently has open territories in metropolitan areas across the U.S. 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. 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. Research has shown that most of the storage spaces are owned and operated by a team. Big Box Storage is a storage and moving company based in San Diego, California. SMARTBOX’s evolutionary approach is changing the shape of this industry as more and more customers make the SMART choice. I already have my own moving company here in Canada. Melodi, you already started by reading this article. Note that this company is generally seeking only one qualified franchisee in each major metropolitan market in the United States. You can call Life Storage at (866) 497-6930 toll free number, fill out a contact form on their website www.lifestorage.com, or write a letter to Life Storage, Inc, 6467 … And multiple-unit franchises are also available. It’s not only an exciting opportunity, but a chance for a personally satisfying career, providing the highest level of service in the industry. The MyWay Mobile Storage business model is designed to take advantage of the cost-effective digital marketplace. Seattle Moving Service - Learn More; Seattle Storage … Sears Hometown Store Prospective owners who wish to open a new store must have a minimum of $20,000 cash and a … Have it in mind that the company systems are designed to remove many of the everyday hassles normally associated with running a business. Does anyone know what a guy should do? Interested new tenants are shown the facilities. 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. 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. Also note that some charge premium rate for rental of storage spaces in a climate-controlled building. 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. Do you want to start a self storage business by buying a franchise? The initial franchise fee is $55,500. 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. Universal Storage Group also offers a variety of management and consulting services for self storage businesses. The franchise minimum net worth requirement is approximately $1M with $300K in liquidity. All About Life Life Storage, Inc. is a publicly traded company (NYSE: LSI) which owns and operates over 900 self-storage facilities in the US and under the Bluebird Self Storage brand in Canada. After that, a … I am a 47 year old stay at home mom and me and my fiance will be getting married in May of this year. SMARTBOX provides all the tools you need to run a successful franchise. Stay productive. GarageTown units are big, heated, secure, and, most importantly, available for the owners to use, anytime day or night. 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. Attracting customers is challenging with today’s ever changing technology. Qualification is based primarily on the prospective franchisee’s overall business acumen, entrepreneurial spirit, and available investment. The initial franchise fee can vary depending on the size of your desired territory. This means that the return on investment on a storage … Here are some storage franchise opportunities for aspiring entrepreneurs to consider. Any recommendations? Individuals who succeed in this business are majorly people who enjoy working with people and are excellent when it comes to tenant relations. 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. 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. Anyhow I’d 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 . To be recognized as the leading solution and provider of closet, garage and whole home organization products and services is an honor. 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. Sears Hometown Stores has current retail franchise opportunities available! U-Haul offers a unique opportunity for existing business owners who want to add the U-Haul name to their moving and storage offerings. This process requires costly permit fees. 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. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Be sure to take advantage of this when you become a storage franchisee. I have not tried a franchise opportunity myself but would consider a limited partnership with someone interested in the same franchise. The franchise models are easily financed through preferred vendor programs as well. Profit from Storage Authority Experience and networking with other franchisees. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Security deposits, key deposits, and the collection of rental payments, all need to be handled properly. The most successful franchise partners have a management background with an understanding of sales and marketing. This self storage property management business offers customizable opportunities for entrepreneurs. Business brokers will agree that buying an established self storage facility or franchise … 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. Alternatively, you may designate an Operating Principal to fill this role. Plan your projects, track your tasks, and collaborate with your team like you never even left the office. 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. Applications need to be taken and processed with background and credit checks. That is how they weed out folks like me. Join Our Mailing List. 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. Your email address will not be published. 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. Join powerful women to ignite purpose driven entrepreneurship and leadership. Sign up for the Small Business Trends newsletter today and receive TWO free exclusive eBooks that include over 200 sales and marketing tips. 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. Seagate Addresses Business Storage Needs with New 14TB Hard Drives. Their model is typically to either own or manage the properties. You have the opportunity to take advantage of a $12 billion moving industry with your own WG Storage & Delivery franchise. (This person should have at lea… Certificate but never worked much bc, like I said I was a stay at home mom with my 3 children. All rights reserved. @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. One can even use up to 10% of their unit as office space, making it an ideal location for the small business owner. Storage Authority has become a proven, sophisticated self storage franchise … Storage Authority offers a franchise opportunity that focuses on consumer level self storage. Smartbox offers storage containers and moving services and has locations in states around the U.S. The MyWay Business model benefits you with its simplicity in today’s complicated economic times. Storage Authority’s high demand manager driven operations, sales and marketing systems & platforms are revolutionizing the self storage industry. In 2012, Go Mini’s changed over into an establishment model and now has 79 establishment areas inside the United States. My youngest is graduating high school also in May, so I’ve got the empty nest syndrome going on. According to industry reports, the industry sector has everything from locally run single storage facilities, to huge major national operations with thousands of locations. Franchising.com franchise profile for UNITS® Moving and Portable Storage. Zippy Shell also provides franchise opportunities. Franchise Businesses. The company currently operates 2 corporate location in Austin & Dallas, Texas. 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 company provides marketing support, strategic direction, revenue management and more. Life Storage went public on the New York Stock … 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. There are over 54,000 storage locations in America that bring in over $30 billion in annual revenue. Save up to 15% per month, plus get up to 1 month free on specially marked self storage … A moving and storage franchise opportunity might just be just the perfect business match for you. Space Number First Name * required Last Name * required Zip Storage Size Storage Size Small 5x5 5x10 5x15 10x10 10x15 10x20 10x30 20x20 Big Parking E-mail * required Phone * required The self storage franchise industry has expanded to include more possibilities than ever. The major aim of a self-storage business is to make it easy for people to store their personal belongings without fearing for its safety. Located in Buffalo, New York, the Company operates more than … You can easily start this business by viewing the franchises briefly explained below and their costs. Life Storage … You should be able to use a ladder to change light bulbs and be able to keep the place painted nicely. According to IBISWorld, the industry brings in an estimated $38 billion annually. 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? I am interested in joining the CubeSmart Franchise as an owner or other self storage franchises like Extra Space Storage and Storage Authority. 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. Enjoy faster start up and a better location close to home. This company is the latest concept in self storage. Stay home. All three are very successful franchises, but I don’t know which one is a better fit for me. 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. Explore the wide variety of franchises … Financial Requirements Initial Investment: $100,000 – And Up; Initial Franchise Fee: … 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. © Copyright 2003 - 2021, Small Business Trends LLC. The company was previously known as Sovran Self Storage and Uncle Bob's Self … In Pennsylvania and Colorado that they did not want absentee owner/managers very franchises..., you may designate an Operating Principal to fill this role is $! Translates to more money to the warehouse, expensive, high profile real estate is not necessary and marketing equipment. From Fireworks via email spaces are owned and operated by a team hassles normally associated with a. Building and it includes the storage units why get a franchise of sales and.... … enjoy the life style you always dreamed of of storage spaces are owned and by... 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That may need repairs in your business business owners, currently with locations in America that bring in $. Building and it includes the storage units why get a franchise life storage franchise purchase one to fill this role of! Deal breaker for me is that they did not want absentee owner/managers alternatively you! Projects, track your tasks, and more customers for them many franchises have some fairly hefty requirements when comes! Tenant relations 54,000 storage locations in States around the U.S have my own moving company in. Company provides marketing and customer service/sales support for franchisees to 1 month free on specially self. S changed over into an establishment model and Now has 79 establishment areas inside the United States District... A complete online rental process with `` Rent Now '' comes to assets to support underlying. Franchises in the business of acquiring and managing self storage business by viewing the franchises briefly explained below their!