Cruise Planners Franchise fee: $10,995 Initial investment: $2,095 to $23,367 Interested in owning a travel company? Initial Investment and Opening Costs for Moving and Storage Franchises. Our size, customer base, and 30 years of experience in the self storage industry gives you a solid foundation on which to build your future and increase the value of your investment. Again, this variance is dependent on land, construction, and cost of financing. Franchisees can expect to make a total investment of $5,000,000 - $8,000,000. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. Help people simplify their life by opening a franchise that hauls away all the junk. Find out how you can start your own business today with the self storage business opportunities available at Franchising.com. If you believe that 7-Eleven is here to stay (it's difficult to conceive of a world without one, after all! What Does an UNITS Portable Storage Franchise Cost? Packages coming? If you already have the plans for your building and it includes the storage units why get a franchise. Request free information and we will give you a call! 52.0% of U.S. self-storage facilities are in suburban areas, 32% are urban, and 16% are rural. If you want a multi-story building, costs will be around $42 to $70 per square foot. The you've inquired to will contact you shortly. The consent submitted will only be used for data processing originating from this website. Company Details Established: 2019 First Unit Franchised: 2020 Franchised Units: 130 / Franchise Units Open: 100+ Company Owned Units: 9 States Registered In: Non Registration States, CA, IL, IN, MI, MN, ND, NY, RI, SD, VA, WA & WI Canada Franchises: No International Franchises: No Support and Training Offered By Hello Garage Wow, glad you're interested in so many businesses! Your facilities gain the benefit of: Whether inquiries for storage come by phone, the web, or walk through the door, you know that every one is an opportunity for your business. ", Scott H. Storage Authority Franchise Owner, Mulberry, FL, Copyright 2020Storage Authority Franchise offerings are made only by our Franchise Disclosure Documents. investment 33,000 Copyright 2023 Profitable Venture Magazine Ltd | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Before you qualify to be a franchisee of big-box stores, you need a minimum liquid capital of $500,000.. Mar. This site uses cookies. It is the sixth-largest publicly traded sector in the country, with 47,539 storage facilities nationwide by the end of 2019. 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. McDonalds, 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. We're willing to work with you to make sure your vision of your property comes to fruition. Combined efforts increase our purchasing power. . Franchise Fee: $59,950. Estimated Initial Investment How Much does a Units Franchise make? Guardian Storage offers some property management and consulting services to self storage business owners, currently with locations in Pennsylvania and Colorado. Start-up costs are quite affordable: S$40,000 for initial shop renovation and set-up, and S$30,000 for franchise fee. 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. Most often, a low land price means there is a problem that will require great site-development expenditures. When the store office is closed, rentals don't stop. Located in Buffalo, New York, the Company operates more than 1,100 locations in 37 states and the District of Columbia. A 10 percent adjustment to the total projected income is common because it represents normal projected vacancy and collection losses. Now is the best time to invest since the housing crash of 2008 which created more millionaires than any other time in, FASTSIGNS is the leader and ranked #1 by number of units in North America, verified by third party sources such as Entrepreneur, Franchise Business Review and Franchise Research Institute as #1 in our category. Self-storage is an increasingly important part of American life. We know that with the right systems, training, support and your hard work, your success is inevitable. 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. Life Storage, Inc. is a publicly traded company (NYSE: LSI) which operates over 1,200 self-storage facilities in the US. Their possessions regularly go into storage to be sorted at a later date or passed on to a future generation, and the lack of urgency in dealing with these possessions can make them a long-term source of storage revenue. Are you looking for an agreement which has future exit strategy options? Learn more now, CarePatrol was awarded 27 new franchise agreements in 2021, reaching systemwide revenue growth of nearly 50%. MyWay Mobile Storage offers a portable self storage option for consumers. Zoho Desk Delivers Highly Contextual and Conversational Customer Service Experiences, Seagate Addresses Business Storage Needs with New 14TB Hard Drives, How To Keep Your Business Data Safe With Proper Storage Systems, "Team Pipelines" Have Arrived to CRMs: Here's What Small Businesses Need to Do. Mike $1M to $3.5M cash to invest with $5+- million dollar loan. Minimum Net Worth: $500,000. Thank you for sharing the post. Call Life Storage toll-free 24 hours a day. Storage Authority helps busy professionals like you make a lucrative self-storage income and retirement nest egg, while you can continue your career. You don't need to consent as a condition of any purchase. 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. To reach him, call 860.830.6764, e-mail marc@storageauthority.com, visit www.storageauthorityfranchise.com. UNITS Mobile Storage offers a different concept of moving that eliminates all the hassle and problems of traditional moving. Some of the companys offerings include operations management, accounting, human resources support and more. Copyright 2001 - 2023. 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. The company provides marketing and customer service/sales support for franchisees. To add more franchises, please uncheck selections in your request info basket. They also offer financing via 3rd party. 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. We use proprietary accounting and finance control systems that centralize data and allow real-time updates for services such as online payments and online reservations. As an owner, you have a truck and a . Im interested in setting up a self storage business, would like to know which company is a better choice? Life Storage. Startup franchise costs vary based on the type of center you're looking for, the size of the location and where the center is located. It is the perfect trifecta for those looking to own their own business: Real estate, Self Storage and Franchising. The financial outlay to open a UNITS Moving and Portable Storage franchise ranges from $460,022 to $1,008,322 and includes the franchise fee of $55,500 (for a territory with a minimum of 300,000 population). Great hours, benefits, and a dynamic workflow. Cars, boats, trailers, motorcycles and RVs - Life Storage has a place for it! Those interested in partnering with CubeSmart Self Storage receive access to benefits like marketing support, access to management professionals, a sales center and more. Please click here for detailed estimates of Units Moving and Portable Storage franchise costs, based on Item 7 of the company's 2021 FDD. With Life Storage Solutions in the driver's seat, you'll find opportunity in every rental. 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. In the five years to 2021, revenues rose at an average rate of 2.1% per year, reaching an estimated $23.2 billion. Your best choice in storage for over 30 years, 2023 Winner Newsweek Best Customer Service. Asking rents on storage space have been rising in response to this continued demand, going from an average of $1.14 per square foot in 2019 to $1.18 only a year later. We have learned self storage from the trenches. Learn more about Life Storage leadership. Related: 29 Careers in Sports (With Duties and Salaries) 21. That is how they weed out folks like me. The high price of urban space means that businesses are increasingly considering off-site storage as well, to reduce their rental costs. Interested in opportunities that offer immediate capital? Life Storage gives employees the tools to successfully cultivate individual talent while maintaining and supporting a team environment. Entrepreneurs have given the range for operating expenses as about $2.75 to $3.25 per square foot, with the numbers varying due to salary costs in different markets. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Operating your properties under Life Storage Solutions minimizes your exposure to legal issues and potential fraud. 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. Melodi, you already started by reading this article. This website is designed for and targeted to U.S. audiences and is governed by and operated in accordance with U.S. laws. Life Storage is currently the only major storage operator offering customers a complete online rental process with "Rent Now". Storage companies increasingly provide mobile storage units that can be brought to the customer, loaded up with their belongings, and then taken either to a storage site or to a new home. Fielding over 50,000 calls per month, seven days a week 24 hours per day, you will find no team better prepared to turn inquiries into customers. At FranchiseDirect.com, you'll find the best self storage franchises in our comprehensive franchise directory. A drive-up accessible space allows you to do this with just a few steps from your vehicle. The cost of construction will also depend on the units amenities, such as if the unit is climate controlled. A self-storage facility with 40,000 net-leasable square feet, in a market with $9-per-square-foot annual rents, will hope to generate $450,000 in gross annual rents at 100 percent occupancy. Normal site coverages range from 35 percent to 50 percent. 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. 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 Here are the high-end franchise investments for Entrepreneur Magazine's Top 25 Franchise Brands in 2021: Taco Bell - $3 million Dunkin' - $1.7 million The UPS Store - $567,000 Popeyes Louisiana Kitchen - $2.6 million Culver's - $5.4 million Kumon Math & Reading Centers - $157,000 Jersey Mike's Subs - $804,000 Planet Fitness - $4.1 million The company's properties comprise approximately 1.4 million units and over 152 million square feet of rentable storage space, offering customers a wide selection of affordable and conveniently . For customers moving locally or long-distance, UNITS will deliver the container(s) to the new location on the day determined by the customer. COVID & the Impending RECESSION = Roughly 11 million houses hit the market for pennies on the dollar! View Facility Get Directions Trusted. Our mission is to bring you "Small business success delivered daily.". We arrived at her office right at closing, anxious to drop of our other brother's trailer before returning to Phoenix. The opening costs for prospective moving and storage industry franchisees can depend on many factors, including but not limited to: the business system and execution requirements, the size of the territory the franchisee desires, whether the franchisee is opening a physical . Customers may complete the rental agreement online, make their payment, get access to the facility and follow a digital map to their space so they can move-in right away. Some of the services these types of franchising opportunities offer are packing or moving help for when families or individuals relocate, and storage capabilities for a range of possessions from furniture to cars. Here at Franchising.com we have many retail franchises available for those entrepreneurs wishing to start their own business, including many self storage franchises. By continuing to use this website you consent to the terms of our privacy policy. No media company understands the franchise landscape deeper than Franchise Update Media. A simple system that. After many years in retail, I have found Life Storage to be the best place to work at. Learn more about Life Storage security features and put your mind at ease! Category: Fast-Food Franchise Franchise fee: $45,000 Initial investment: $1,008,000 to $2,214,080 Liquid cash requirement: $500,000 minimum Royalty fee: 4-5% Financing available: Yes, through third-party lenders Franchise details: McDonald's If you want golden arches of your own, you'll need to put in a hefty initial investment. Storage Authority provides you with proven systems, platforms, and experience you need for a successfulmanager driven system. You decide if you are looking for a lifestyle business or a growth business. But in this enormous and growing garage remodeling franchise market, we pride ourselves . They also offer financing via 3rd party as well as a discount for veterans . . They also offer financing via 3rd party. Yes, I have $50K available in my 401K/IRA and would like to learn how to use these funds to buy a business with the help of Guidant Financial Group. This gets the franchise partner 90 containers, use . No matter what is happening in the world, when you lose your keys, you need a locksmith. Even during the packing process, these make more space to maneuver, as belongings can be boxed and sorted into the unit instead of piling up in the house. My youngest is graduating high school also in May, so Ive got the empty nest syndrome going on. I just acquired a piece of land to build 2 office buildings and one of the levels will be indoor storage units. We have learned self storage from the trenches. At Life Storage, we want storage to be easy for you and appropriate for the things that are important to you. Leasing is month-to-month and customers must purchase insurance to protect their belongings. Life Storage blew my mind - the facility was unbelievably clean and well managed, the staff were amazing, and all your systems were spot-on. The cost of entry varies greatly, by both the segment you choose and the franchise brand you select within that segment. Storage King has over 25 years of experience with over 200 stores trading and growing. Box 20547San Jose, CA 95160PH. FDD Talk: How Much Does a FASTSIGNS Franchise Make (Average Revenues and/or Profits)? Anytime Fitness makes wellness approachable for millions of members and gives franchisees the opportunity to be a part of a worldwide family of. They also offer a discount for veterans ( 10% Off License Fee ). Big Box Storage is a storage and moving company based in San Diego, California. For those less fortunate who were made temporarily unemployed by COVID closures, rentals provided a cost-effective way to store possessions when forced to move in with family, friends, or into a smaller home. But when it became clear we needed considerable time to gather together the paperwork she needed (title, registration, etc. 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. 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. Units Moving and Portable Storage franchise costs, based on Item 7 of the company's 2022 FDD: Franchise Fee: $55,500 to $222,000 Real Estate: $15,000 to $50,000 Technology Systems and Initial Inventory: $7,500 to $10,000 Containers: $261,000 to $348,000 Container Freight and Shipping: $108,000 to $204,000 Anyhow Id 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 . And if youre looking to break into this growing business niche, a franchise can be a great way to get the resources and know-how you need. All Rights Reserved. Customers have the flexibility to take as long as they need to pack their container. The company website currently lists 48 locations (up from the last known reported total of 42 in 2017). Guide. As baby boomers downsize their way into retirement, theyre adding to the business of storage units. 12 best low-cost franchises for aspiring business owners 1. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our proprietary Live Verify technology. * Requirements And the first step to establishing a car storage business is to secure low-cost indoor storage space . Founded by John LaBarbera in Los Angeles, California in 1983 and franchising since 1985, the number of locations has not changed a lot in recent years and currently totals 73 (down from the previously reported total of 74), of which eight are company-owned and all are located in the US. Here are some storage franchise opportunities for aspiring entrepreneurs to consider. We employ over 2,000 people nationwide, and our team is growing every year. Use Our Free Financial Calculator, 8.3% of self-storage space was vacant in 2020, $1.14 per square foot in 2019 to $1.18 only a year later, exceed offline sales for the first time in 2023. Since we were founded in 1977, we have taken the storage industry by storm. Since 1945, U-Haul has been the No. Liquid Cash Requirement. P.O. Watch Our Webinar Live or the Recording Later, Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool), How Much Franchise Can You AFFORD? Clearing/grubbing, excavation, storm drainage, utilities, etc., are all site-specific and their costs will vary from one site to another. The storage industry in the U.S. is growing. Our home-based, low-investment business model is far different than senior home care franchises. These are expected to exceed offline sales for the first time in 2023, taking 53.5% of business. The Partner Experience portal gives you access to virtual presentations that detail how Life Storage management works. As such, they find their living quarters getting choked up with useful valuables which they cant part with, or junks that they are not yet mentally ready to part with. The storage and moving containers are loaded onto a Zippy Shell truck for transport. Required fields are marked *. The franchise fee to open a MyWay Mobile Storage unit is $50,000. Self-storage is a billion-dollar industry in the American commercial market, and there's a ton of great storage facility builders across the U.S.. Rural location centers: $206,423 - $459,136 2. Made a storage space reservation at Life Storage? Smartbox offers storage containers and moving services and has locations in states around the U.S. Customers can both rent and pay online using their preferred device (desktop, laptop, tablet, phone) and set up auto-payments to avoid late fees. They are always innovating, seeking ways to lead the industry through technology by integrating software for employee development, and enhanced customer experiences. Startup Costs: $342,804-$662,704. While our security features work to keep unwanted visitors out, you'll find accessing your storage unit convenient. You may have to invest more time and money into marketing than with some other businesses, and the backing of a franchise can help. Whether your interests are just increasing value in your properties, accessing better financing, or developing an exit strategy, our resources are at your fingertips and are people are willing to work with you. Rural Locations: $206,423 - $459,136*. We are dedicated Manager of Self Storage facilities, we keep you up to date with new technology, facility design, innovations and maintain . DumpStor franchise fees for 2023: Cash Investment: $175,000. Initial Franchise Fee Check out the options we offer for vehicle storage. Whether it is the skilled staff and leadership in the field or the systems that keep us connected, Life Storage Solutions offers you a distinct understanding of the business and the tools to drive and measure performance. Store in Store Locations: $80,357 . It has more than 1,000,000 units at nearly 2,000 locations across the country, so it's easy to find. ), she didn't turn us away. Learn more about drive-up storage for your vehicle and see if this is an important feature for you. Founded in 2002 and franchising since 2012, the number of locations has expanded from 46 in 2012 to the 112 locations listed on the company website, of which three are located in Canada. Pack & Send is a product storage and delivery franchise. Their business may seem relatively old-fashioned and grounded in the physical world, but a high proportion of their customers are millennials, who are more used to storage units as a fact of life, and who expect to be able to run their lives through smartphones, apps, and interactive websites. We make self-storage development, operations and marketing MUCH, MUCH easier for you and reduce your risks. Pack & Send. Storage containers can stay on-site or then be picked up and stored at a UNITS secure indoor storage facility. This contact may be made using automated or pre-recorded/artificial voice technology. Self-storage is one of the most profitable real estate businesses in the US. 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. What Does a Storage Authority Franchise Cost? Franchise Chatter is reader-supported. Your "budget" will limit your choices. Radfield Home Care Min. The cost of construction will also depend on the unit's amenities, such as if the unit is climate controlled. We can offer a marketing plan dedicated to a single property, using media and proven techniques to deliver more traffic and inquiries to a new or non-stabilized property. *. 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. Chuck is a very good person to have running that site. All rights reserved. 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 Our advanced Revenue Management Model (RM) is aimed at understanding, anticipating, and influencing customer behavior in order to maximize revenues. This variance in expenses is due to the variable cost in different markets, such as property taxes, manager salaries, and utility costs. The container features a ground-level weather-proofed design for easy loading/unloading and locking barn-style doors. Mac Tools. But THANK YOU!!". Cost can vary depending on location and type of services offered. The company will store the container in their facility and for customers who are moving, deliver the container(s) to the new location when the customer is ready. Customers can also phone in to make rental arrangements or visit a location for face-to-face interactions. We are quite proud of their recognition and appreciate our team's hard work and dedication to Life Storage. Entrepreneur's Franchise 500. We have been honored by our employees with their votes, and have been selected as one of Forbes Best Midsize Employers among over 10,000 U.S. midsize companies. Life Storage Solutions recognizes the importance of people to the success of your stores. A fully mobile, recession-resistant franchise that is always needed. 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. Great - let's find it for you! . Instead of offering portable storage and moving solutions, Storage Authority is one of the only traditional self-storage facilities using a franchise business model (most self-storage businesses are independent operations). 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. It's a proactive workplace that keeps me occupied and I can take pride in being part of this company. A developments net-leasable square footage is totally dependent upon the allowable coverage of the site. #2. Ever. Franchise. Are you looking for an arrangement that improves financing options? Storage units also provide an ideal solution for people moving house. The franchise opportunities listed above are not related to or endorsed by Franchising.com or Franchise Update Media Group. Extra Space Storage is our #1 self-storage company. UNITS provides a turn-key start-up . Franchise Fee: This amount can vary, depending on the . Take the next step and contact us to learn more about the Solutions we can create for your storage properties. Need a place for that huge RV or that precious classic car? As more people work from home, theyre looking to create space by clearing out some of the clutter, without wanting to let go of their belongings. 23,367 Interested in owning a travel company Send is a very good person to running! Climate controlled investment of $ 500,000.. 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Can start your own business, would like to life storage franchise cost which company is a traded! Building, costs will be indoor storage space partner 90 containers, use brand you select within segment! An agreement which has future exit strategy options from one site to another she!: $ 10,995 initial investment and Opening costs for moving and storage franchises pack amp... The things that are important to you are always innovating, seeking ways to the. Can stay on-site or then be picked up and stored at a units secure indoor storage facility traditional! 'Re willing to work with you to make a total investment of $ 500,000...! Storage gives employees the tools to successfully cultivate individual talent while maintaining and supporting a team environment to storage... Your mind at ease fully Mobile, recession-resistant franchise that hauls away the... S $ 40,000 for initial shop renovation and set-up, and enhanced customer experiences Profitable Real estate businesses in Us... 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