In 2012, the company converted into a . 5. Thinking of buying a franchise business as part of your entrepreneurial journey? Startup Costs: $10,000 - $50,000 . We don't share our mailing list. The accounting team is made up of more than 30 professionals overseen by three CPAs who have a combined 30 years experience with a focus on self storage. We and our partners use cookies to Store and/or access information on a device. Storage Authority is the only self-storage franchise available in the United States, and we provide you with important benefits, including but not limited to: Storage Authority helps busy professionals like you make an extra 6-figure self-storage income and retirement nest egg, while you continue your career. Or browse additional retail franchises at Franchising.com. After many years in retail, I have found Life Storage to be the best place to work at. Here are some storage franchise opportunities for aspiring entrepreneurs to consider. By pressing "Submit Request", you agree that Franchise Gator and businesses you selected may call/text/email you at the number you provided above, including for marketing purposes related to your inquiry. Extra Space Storage focuses on transparency with its security features and storage insurance, so you'll see fewer hidden fees. Need a place for that huge RV or that precious classic car? 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. (408) 402-5681. 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. Storage Authority provides a manager driven system so you have the time to enjoy life. Founded in 2014 and franchising since 2015, the company website currently lists four locations (two in Connecticut, and one each in New Jersey and Texas), along with a mention that new locations are in the works in eight different states. No spam, just good, helpful information for aspiring entrepreneurs. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Life Storage is currently the only major storage operator offering customers a complete online rental process with "Rent Now". Garage Franchise Opportunity Build a Brighter Future with GarageExperts GarageExperts is a dominant force in the garage renovation industry and part of the $538 billion home improvement market, which is projected to reach over $620 billion by the year 2025. Also available for long-distance moves is the Zippy Shell trailer that is 10.5 feet wide, 11 feet high, and 22 feet long from the hitch to the back. 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. Great - let's find it for you! Required fields are marked *. "Small Business Trends" is a registered trademark. Your "budget" will limit your choices. Located in Buffalo, New York, the Company operates more than 1,100 locations in 37 states and the District of Columbia. Any recommendations? 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. In the process, we have grown to become a recognized leader with more than 1,200 locations across the country. To buy a franchise with GetRV.com, you'll need to have at least liquid capital of $60,000 and a minimum net worth of $250,000. Tagged as: Go Mini's Portable Storage and Moving, Storage Authority, Units, Zippy Shell, Your email address will not be published. I am a 47 year old stay at home mom and me and my fiance will be getting married in May of this year. Its the right investment in the right industry at the right time. We're your new neighbor! It is for information purposes only. $100K 1st year profit potential. Request free information and we will give you a call! You may have to invest more time and money into marketing than with some other businesses, and the backing of a franchise can help. 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. Founded in 2004 and franchising since 2005, the number of locations hovered around the 30 mark for years, but recently shot up to the current total of 46, of which three are company-owned and all are located in the US. Not just a great company to work forbut an even better one to grow with! Are you looking for an arrangement that improves financing options? Then consider. Corporate Opportunities. Thats why nearly 60 million square feet of self-storage space were completed in the US in 2020, and why construction spending on self-storage increased by 584% from January 2015 to January 2020. The moving and storage business offers location assistance and other support services to franchisees as they get started and grow their businesses. I liked their business model but could not make a career as franchise owner. Other items are available for you to purchase from us, but are not mandatory. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. 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. through our storage locations with the cost-effective rates our franchisees are able to . Made a storage space reservation at Life Storage? Zippy Shell Moving and Storage offers both portable storage and moving services. With Life Storage Solutions in the driver's seat, you'll find opportunity in every rental. You also agree to our Privacy Policy & Terms of Use. So you can use your time and resources to focus on running all the other aspects of your franchise business. 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. Those who are making a local move can have the company deliver their packed container to their new location. The company offers training, development, management and more all aimed at helping storage businesses increase earnings. Maximizing net-leasable coverage on the site is dependent on factors such as zoning setbacks, easements, utilities, building-code compliance requirements, and the topography and actual physical layout of the site. I will have to create a franchise or purchase one to fill the space. 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. If you are interested in finding more value in your storage properties, the first step is Revenue Management. We help busy professionals like you, find land, develop, operate, and market a premier self-storage business. 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 average cost for construction, including site work/utilities, ranges from $23 to $28 per gross building square foot, or approximately 67 percent of the overall development budget. UNITS Moving and Portable Storage offers both 12-foot and 16-foot weather-resistant containers, 8 feet high and 8 feet wide, with securely locking barn door openings (doors open outwards) that can hold up to 8,000 pounds of belongings. 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. #1 RANKED FRANCHISE Temporary Wall Systems A business offering the rental, installation, and servicing of modular containment systems inside existing commercial buildings such as. Franchise Fees: 29,500. According to The Self-Storage Expense Guidebook, operating costs for storage units average $3.78 per square foot. 2020 Storage Authority Franchising. Startup Costs: $342,804-$662,704. The franchises on this list were ranked according to the number of units in the franchise system. PODS Portable Storage Units Box 20547San Jose, CA 95160PH. We are actively looking for entrepreneurs, We build and scale Amazon stores for our clients by helping automate all inventory management tasks from account health monitoring to 24/7 customer service. Do you want to start a storage unit business and want to know the cost? While costs range from less than . Free shipping over $25, or pick up in store today! To select the best size, start by counting your boxes and belongings and then check out our Storage Unit Size Guide or Storage Unit Size Estimator tool to determine what will fit you best. Ad: Brand Fund: $2 per cntr Local: $20 per dumpster per month. Total Investment: $128,310 - $448,285. Copyright 2003 - 2023, Small Business Trends LLC. Long-distance moving containers are also available in 10-foot and 15-foot sizes. Made a storage space reservation at Life Storage? At Life Storage, we want storage to be easy for you and appropriate for the things that are important to you. $760,200 is the maximum that someone opening a location should expect to invest. You can probably get marketing advice from your chamber of commerce and your builder should help with making the units secure. Unit Count: 100-plus. Whichever way you choose to market your business, you should plan to spend about 6 to 8 percent of your gross annual income on marketing. My fiance is retired from driving a truck which he did for 30 years or so. There are also multiple paths your career can take, so whether you are interested in multi-store management, leading your own team, or enhancing and developing your skills, were here to help you with your journey! Franchises are popular with prospective small business owners. Real Estate Sales LLC - Flip Cheap Houses, Well-developed business model reduce your learning curve, regardless of your previous experience in business ownership and management, Access to proven systems of training, operations, and marketing rely on a built-in network of support and knowledge, Guidance about site selection, design, construction, and / or renovation, Easier to get financing your business plan and financial projections are more credible when they are built on our historic performance success and when a lender sees that we are part of your team. Great - let's find it for you! Call Life Storage toll-free 24 hours a day. 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. If you are a prospective franchisee searching for franchise opportunities that meet or exceed certain performance benchmarks for sales, profits, and return on investment, please check out this list of Americas Most Lucrative Franchises. TODAY CAN BE YOUR FIRST STEP TOWARD THE LIFESTYLE YOU DESERVE! Garage organization products are expected to post the fastest gains in the industry, rising by up to 7.5% per year.*. UNITS Mobile Storage offers a different concept of moving that eliminates all the hassle and problems of traditional moving. Founded in 2004 and franchising since 2005, Units Moving and Portable Storage provides self-storage, on-site . Their storage containers are built for outdoor storage with specialty paint to prevent sweating, ventilation to prevent condensation and mold, convenient interior railings for tie-downs and hangers, and locking rollup or swing doors. Online rentals have proven popular with younger generations that expect self-service options from today's businesses. Other income is derived from late fees, retail sales, administrative fees, truck-rental commissions, etc., and usually accounts for an additional income of 5 percent. This franchise opportunity allows you to teach soccer to preschool children. 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 Fee: This amount can vary, depending on the . Other potential costs include inventory, equipment, insurance, employee training, business licenses, rent, landscaping, signage, etc. All Rights Reserved. Franchises For Preppers Mac Tools is a provider of high-quality tools. Your best choice in storage for over 30 years, 2023 Winner Newsweek Best Customer Service. 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. In addition, the cost of self-storage construction depends on the type of product one develops. Within the storage industry, specific niches may provide opportunities for a business to make its mark, whether thats providing a special space for sports equipment or a climate controlled environment for delicate objects. And the first step to establishing a car storage business is to secure low-cost indoor storage space . We have learned self storage from the trenches. Franchise Details: Founded: 1998 . 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. 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