Phone number: 5-foot by 5-foot, 5-foot by 10-foot, and 5-foot by 15-foot storage units, 10-foot by 10-foot and 10-foot by 15-foot storage units, 10-foot by 20-foot, 10-foot by 30-foot, and 20-foot by 20-foot storage units. 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. This annual list of the best storage unit franchises was posted on April 18, 2022. Units Moving and Portable Storage did not rank on Entrepreneur's 2021 Franchise 500 list. Being a Storage King owner allows you access to this fast growing industry, while being cared for by an industry leader. 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. They also offer financing via 3rd party. Get more information on earnings, costs, training, and more! The company, which provides portable storage containers, started out with just a few company owned locations, but has since welcomed franchisees in other areas. Extra Space Storage Inc., headquartered in Salt Lake City, Utah, owns and/or operates over 2000 self storage properties in 40 states and Washington D.C. To buy a franchise with Storage Authority, you'll need to have at least liquid capital of $800,000 and a minimum net worth of $2,000,000. No spam, just good, helpful information for aspiring entrepreneurs. A self-storage unit business is basically a business where people come around to rent storage units where they can personally store their valuables. Franchise Fees: 29,500. By continuing to use this website you consent to the terms of our privacy policy. If you want a multi-story building, costs will be around $42 to $70 per square foot. 3) Recurring Fees: In addition the franchise fee and your initial startup costs, all franchise companies charge ongoing fees in exchange for a host of benefits you'll receive as a franchisee. This website is designed for and targeted to U.S. audiences and is governed by and operated in accordance with U.S. laws. Customers have the flexibility to take as long as they need to pack their container. Chuck is a very good person to have running that site. Life Storage, previously Uncle Bob's Self Storage, has more than 750 self storage facilities spread out over 28 states. Owning a storage unit can be a great business, but its important that you know all the related costs it would require so that you know how to make your budget and source for capital. Here at Franchising.com we have many retail franchises available for those entrepreneurs wishing to start their own business, including many self storage franchises. Net worth Requirement. Is Franchising a Path for You? Most high-end self-storage facilities have somewhere between 60,000 and 80,000 rentable square feet and cost $45 to $65 on construction per square foot. Franchise Fee: This amount can vary, depending on the . "Small Business Trends" is a registered trademark. Better Homes And Gardens Real Estate Announces Affiliation In Westchester County, N.Y. FASTSIGNS CEO And International Franchise Association Chair Catherine Monson Receives Distinguished Women Of Wonder Award By Franchise Dictionary Magazine. Extra Space Storage offers a third party management solution for property owners looking for a trusted name to manage their business. We live in a very rural town, although a college town, of under 10,000 people. Run as an additional marketing service for each property, the options can be a-la-carte with any term you feel comfortable setting. Startup Costs: $10,000 - $50,000 . How much is a Units Franchise? No need to stop into our office! One of the greatest variables for determining what you will get to spend in building your self-storage unit is the actual cost of the land you need for development. I will have to create a franchise or purchase one to fill the space. Small Business Trends is an award-winning online publication for small business owners, entrepreneurs and the people who interact with them. Howbeit, if you invest that money and earn 6 percent interest rather than spending $100 on a storage unit, at the end of 10 years, you'd have a significant savings account of $16,247.34. Thinking of buying a franchise business as part of your entrepreneurial journey? You can be confident in our ability to manage your properties by focusing on the fundamentals of marketing, pricing, cost control, and property upkeep. The UPS Store offers a variety of location-types to fit the needs of our franchise owners. You may have to invest more time and money into marketing than with some other businesses, and the backing of a franchise can help. Copyright 2001 - 2023. What Does a Storage Authority Franchise Cost? Our mission is to bring you "Small business success delivered daily.". Supported by an aggressive marketing budget and digital strategy, your property will receive excellent visibility in search and leverage our ability to target customers that demonstrate a potential need for our services. investment 30,000 +VAT Personal & Home Care Services Request information Tutor Doctor Min. You pay rent on the first of each month until you no longer need your storage space. Call Life Storage toll-free 24 hours a day. Life Storage, Inc. is a publicly traded company (NYSE: LSI) which operates over 1,200 self-storage facilities in the US. The franchise fee to open a MyWay Mobile Storage unit is $50,000. learn more Number of Units LESS THAN 20 UNITS Cash Required $100,000 - $250,000 Request a Consultation View Franchise Profile #2 RANKED FRANCHISE Hello Garage All rights reserved. The franchises on this list were ranked according to the number of units in the franchise system. The company offers training, development, management and more all aimed at helping storage businesses increase earnings. The trailer is low to the ground and features a pull-out ramp at the back for easy loading and unloading. Receive a personalized report of exciting new franchise opportunities to your inbox each week. Initial Investment and Opening Costs for Moving and Storage Franchises. Complete the contact form. 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. To buy a franchise with UNITS Portable Storage, you'll need to have at least liquid capital of $100,000 and a minimum net worth of $1,000,000. 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. We know that with the right systems, training, support and your hard work, your success is inevitable. Self-storage is one of the most profitable real estate businesses in the US. National alliances Join the Fastest Growing Segment in Beauty. Its not always possible to move all your possessions direct from one home to the next, and storage units are somewhere for them to live in a transitional period, while youre in temporary accommodation, or if your new home cant fit everything in. A fully mobile, recession-resistant franchise that is always needed. The cornerstone of Extra Space Storage is successful partnerships with our stakeholders, partners, investors and customers. As stated in our current Franchise Disclosure Document ("FDD"), the typical initial investment when opening a The UPS Store center is estimated as follows, depending on the type, location and size of the center: Traditional location centers: $240,959 - $508,472 1. Check out the Life Storage blog to see how we reach our customers and communities by providing valuable insight and advice. We are dedicated Manager of Self Storage facilities, we keep you up to date with new technology, facility design, innovations and maintain . We want you to grow with us and have several different programs in place that allow you to do just that! Professionals (such as doctors, lawyers, and accountants) or owners of an existing business people who want to continue their career, while operating a second business opportunity, Entrepreneurs -- who are looking for an investment with a solid return both in income and in real estate appreciation, now and for years to come, Real estate investors -- who want higher returns than other sectors, including hotel and apartments, without the headaches of typical tenants, Families -- who want a strong income cash flow now, into retirement, and into future generations, Couples -- who want to work together in their own business, Owners of an existing self-storage facility -- who want to take their business to the next level by crushing the local competition and becoming the preeminent hometown self-storage location, To build a new facility on property you already own or on property we will help you find, To convert an existing building into a self-storage facility, To re-brand a self-storage facility that you already own. The chain offers clean, reliable, easy self-storage that comes with a 100% satisfaction guarantee. We arrived at her office right at closing, anxious to drop of our other brother's trailer before returning to Phoenix. Demand for the industrys services stayed strong, while profit as a share of revenue reached its highest level since 2002. The Department for Homeland Security sometimes makes vague comments about how facilities could be used to store materials for terrorist attacks, but while business owners should know the expectations the government places on them, the real threat of such activities is probably small. Our team offers something more than you can get in 3PM elsewhere. Continue with Recommended Cookies. I am a 47 year old stay at home mom and me and my fiance will be getting married in May of this year. Be forewarned, that many franchises have some fairly hefty requirements when it comes to assets to support the underlying business. Request free information and we will give you a call! MyWay Mobile Storage offers a portable self storage option for consumers. Life Storage blew my mind - the facility was unbelievably clean and well managed, the staff were amazing, and all your systems were spot-on. Combined efforts increase our purchasing power. ", "Life Storage, Rural Locations: $206,423 - $459,136*. For customers moving locally or long-distance, UNITS will deliver the container(s) to the new location on the day determined by the customer. Or browse additional retail franchises at Franchising.com. Self Storage Franchise Cost While starting business you should look for self storage franchise cost: Plan your Business: How much cost you should need How much you need cost for ongoing expense To find the target market Profit Charges for customers Fill forms and Entity: Bussiness structure like Corporations, LLC's, and DBA's Life Storage. Here's a list of some of the more mobile franchise opportunities. Last updated on April 25, 2022 by Franchise Chatter Leave a Comment in Franchise Chatter Hot List, Storage Franchise. At Life Storage, we couple accounting controls with independent, on-site audits to monitor stores' compliance with legal and operational policies and procedures. Thanks for your help. Simply choose one of the businesses advertised below for more information. Maybe youve looked into franchise, We build and scale eBay businesses for our clients by helping automate all inventory management tasks, keeping account health in great condition, inventory monitoring, 24/7 customer service, and helping to automate any and. The storage industry in the U.S. is growing. Other potential costs include inventory, equipment, insurance, employee training, business licenses, rent, landscaping, signage, etc. You can probably get marketing advice from your chamber of commerce and your builder should help with making the units secure. We encourage prospective franchise buyers to perform extensive due diligence when considering a franchise opportunity. 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. We're willing to work with you to make sure your vision of your property comes to fruition. Ever. Does anyone know what a guy should do? You can rent your storage unit here on our website, get your facility access code and go right to your space. PODS Portable Storage Units As you might imagine, it takes a lot of good people to make it happen. Life Storage Solutions brings you the distinct benefits of our size and scale as a national leader in self storage. Our accounting team will work for you overseeing the financial aspects of your operations. Our storage facilities offer daily access hours that extend from the early morning to late evening (even 24 hour access at some locations), and you will never need an appointment to access your things. The World Of Mobile Franchise Opportunities Like many businesses these days, you can run a franchise from the road. In a volatile lending environment, Life Storage Bridge Loans are a reliable solution to reach deeper into the capital stack to access valuable equity and provide the flexibility you desire without a long term commitment. Focus on what is important to you, and engage Life Storage to focus on payroll, health insurance, tax reporting, staffing, recruiting, and retirement planning. Urbanization is also contributing to the upward arc of storage, as more of the population fits into the confined space of cities. This is a good option if you want to teach soccer and get involved in your community. 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