Copyright 2001 - 2023. Do you want to start a storage unit business and want to know the cost? Again, this variance is dependent on land, construction, and cost of financing. At Life Storage, we want storage to be easy for you and appropriate for the things that are important to you. 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. Here is TOP 10 Storage Unit Franchise Business Opportunities in USA Go Mini's Founded in: 2002 Franchising since: 2012 Franchise units: 87 Initial investment: $224,604 - $453,000 Initial Franchise Fee: $45,000 Royalty Fees: 8% Ad Royalty Fee: 2% But in this enormous and growing garage remodeling franchise market, we pride ourselves . There are real opportunities here to make a lasting career. And multiple-unit franchises are also available. If you want a multi-story building, costs will be around $42 to $70 per square foot. The franchise expects its new franchisees to have a net worth of at least $1,200,000. Pack & Send is a product storage and delivery franchise. We're willing to work with you to make sure your vision of your property comes to fruition. Beware of land costs below market values. 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. While costs range from less than . 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. ClosetBox is a full service storage business, offering services like pickup, security and delivery. Pack & Send. The consent submitted will only be used for data processing originating from this website. Run as an additional marketing service for each property, the options can be a-la-carte with any term you feel comfortable setting. Franchise Winners, Survivors and Losers Last Year. We are asking for your phone number so the businesses you have requested more information from can call/text you to chat with you more about their opportunity. Mac Tools is a provider of high-quality tools. Our accounting team will work for you overseeing the financial aspects of your operations. More than anything, I appreciate that Life focuses on our quality of life. MyWay Mobile Storage offers a portable self storage option for consumers. There are some large and well-established players within this industry, and for a new franchised business, drawing attention away from the big hitters is an important challenge. TODAY CAN BE YOUR FIRST STEP TOWARD THE LIFESTYLE YOU DESERVE! Our Franchise Guide gives you the background . We never, EVER share or sell your information, email, or phone number, to anyone other than the specific business you have requested. 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. ), you can join them as a franchisee. ), she didn't turn us away. A strong residential rental market will play a part, as people relocating from one rental to another, or without room for all of their possessions in their rental, seek a solution for their storage needs. It is for information purposes only. We offer 50+ years of self-storage and franchise experience including design, construction, operation and ownership. Franchise offerings are made only by our Franchise Disclosure Documents. FDD Talk: How Much Does a Great American Cookies Franchise Make (Average Revenues and/or Profits). And multiple-unit franchises are also available. My fiance is retired from driving a truck which he did for 30 years or so. * Requirements At most every location, our facilities offer surveillance monitoring, password protected access to gates and buildings, ample lighting after dark, and more. We have you covered with our Dynamic Ease Series: Finding Land, design construction, pre-opening tasks, operations, sales & marketing. Own Your Own Top-Shelf Franchise. Franchise Leadership & Development Conference, Franchising Express Weekly Featured Franchises, Multi-Unit Franchisee Customer Experience Report, Multi-Unit Franchisee Service Brands Edition. Call Life Storage toll-free 24 hours a day. 2023 Winner Newsweek Best Customer Service A+ Rating on Better Business Bureau Responsible Precautions for COVID-19 Over 2 Million Customers Since 1985 Leasing is month-to-month and customers must purchase insurance to protect their belongings. 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. Any recommendations? Franchises Available? This is a growing industry with plenty of money to be made. It is the perfect trifecta for those looking to own their own business: Real estate, Self Storage and Franchising. The company website currently lists 48 locations (up from the last known reported total of 42 in 2017). As an owner, you have a truck and a . All rights reserved. The company provides marketing and customer service/sales support for franchisees. Are you looking for an agreement which has future exit strategy options? Storage Authority offers a franchise opportunity that focuses on consumer level self storage. Last updated on April 25, 2022 by Franchise Chatter Leave a Comment in Franchise Chatter Hot List, Storage Franchise. According to The Self-Storage Expense Guidebook, operating costs for storage units average $3.78 per square foot. 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. It provides storage ranging from individual lockers to whole container units and even outdoor spaces, including those mobile containers that prove so valuable in house moves. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. Though we promised there would be no math, we will use some hard numbers as a baseline. You can help us to continue to achieve that success by providing our customers with the Life Storage experience. Copyright 2023 Profitable Venture Magazine Ltd | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. The container features a ground-level weather-proofed design for easy loading/unloading and locking barn-style doors. He was very professional and treated the customer extremely well. Storage King has over 25 years of experience with over 200 stores trading and growing. If you want a multi-story building, costs will be around $42 to $70 per square foot. Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. 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. As baby boomers downsize their way into retirement, theyre adding to the business of storage units. Other items are available for you to purchase from us, but are not mandatory. Storage units also provide an ideal solution for people moving house. Why Storage Units Are A Waste Of Money For Most People Storing Clutter Life Storage, previously Uncle Bob's Self Storage, has more than 750 self storage facilities spread out over 28 states. Big Box Storage is a storage and moving company based in San Diego, California. Our team will learn a little more about your properties, provide you with a detailed plan for management, and show you why Life Storage is different than other third party managers. Starting a self storage. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. How to Write a Boat RV Storage Business Plan [Sample Template], 31 Best Storage Related Business ideas for 2023, Top 10 Result Oriented Marketing Ideas for Self Storage Units, How to Start a Storage Unit Business With No Money in 17 Steps. . DumpStor franchise fees for 2023: Cash Investment: $175,000. We may receive a commission for leads generated from our site. . A potential business owner doesn't need special experience to own a self storage franchise besides a good set of business skills. But it usually starts at $40,000. 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. Storage Authority is a bit different from the other franchises on this list. 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 5500 Interstate North Parkway . We provide, A professional company with 23 years of experience offering investors an opportunity building a business in the expanding, worthwhile and respected space of health and wellness offerings. Franchise Update Media has its finger on the pulse of franchising with unrivalled audience intelligence and market driven data. Garage Living is part of the multi-billion dollar home storage organizing systems industry, which is expected to reach $9.4 Billion by 2017. But the minimum upfront cost is typically around $400,000. 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 . We help busy professionals like you, find land, develop, operate, and market a premier self-storage business. The area consists of at least 400,000 or greater population. In recent years, this field has enjoyed intense and consistent growth across North America: By 2025, experts project the global self-storage market will reach over $115 . Operating costs will also increase if the units are climate-controlled. Some of the companys offerings include operations management, accounting, human resources support and more. Initial Investment and Opening Costs for Moving and Storage Franchises. The industry employs over 211,000 people in 182,000 businesses, all helping people to move and store their belongings. 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. Flexibility. 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. Im interested in setting up a self storage business, would like to know which company is a better choice? Corporate Opportunities. 1-800-PACK-RAT offers partnership opportunities for businesses that want to add a trusted name to their packing and storage offerings. Franchise. Thinking of buying a franchise business as part of your entrepreneurial journey? It would have been impossible for me to succeed without the ongoing expertise of Storage Authority! This annual list of the best storage unit franchises was posted on April 18, 2022. Phone number: * Discounts on specially marked spaces at select Life Storage locations. We provide all the tools you need for success. Demand for the industrys services stayed strong, while profit as a share of revenue reached its highest level since 2002. Self storage companies build on prime real estate which gets them noticed, but that comes at a cost to customers.Their buildings are quite inefficient, typically 40% of apacity is lost to access corridors, lifts and mezzanines.easyStorage does not need expensive locations as it acquires customers through more efficient digital channels.They use Storage Authority provides you with proven systems, platforms, and experience you need for a successful manager driven system. Does anyone know what a guy should do? Franchise Fee: $59,950. Startup Costs: $10,000 - $50,000 . When the store office is closed, rentals don't stop. Normal site coverages range from 35 percent to 50 percent. Normal operating expenses generally range from $2.75 to $3.25 per gross square foot of the development. Your best choice in storage for over 30 years. Life Storage Facility #8546 12868 E FM 917 Alvarado, TX 76009 Starting at $89/mo. Each time the phone rings, your potential customers are served by our highly trained call center representatives. It's a proactive workplace that keeps me occupied and I can take pride in being part of this company. Please send me emails about other franchises I should know about. A fully mobile, recession-resistant franchise that is always needed. You want to look back on your life and say you have made a contribution to people. I just acquired a piece of land to build 2 office buildings and one of the levels will be indoor storage units. 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! Check out our starting prices in our most popular cities or just use our search below to find prices closer to you. At FranchiseDirect.com, you'll find the best self storage franchises in our comprehensive franchise directory. It is the sixth-largest publicly traded sector in the country, with 47,539 storage facilities nationwide by the end of 2019. Learn more about Life Storage and our history. The franchise opportunities listed above are not related to or endorsed by Franchising.com or Franchise Update Media Group. Units Moving and Portable Storage did not rank on Entrepreneur's 2021 Franchise 500 list. 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. Units Franchise cost ranges from $556,022 to $1,083,322 according to the 2019 FDD. Units Moving and Portable Storage is an American moving and storage solution franchise. Continue with Recommended Cookies. 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. Life Storage. If you have a site coverage of approximately 45.91 percent, the net cost of the land per net-leasable square foot is $6.82. Entrepreneur's Franchise 500. Why reinvent the wheel when you can start day one with over 50 years of experience from the self-storage trenches on your side to be a professional day one! I have not tried a franchise opportunity myself but would consider a limited partnership with someone interested in the same franchise. 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. Tagged as: Go Mini's Portable Storage and Moving, Storage Authority, Units, Zippy Shell, Your email address will not be published. Interested in opportunities that offer immediate capital? 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 Our RM team can quickly adjust pricing and promotions as market conditions change. 5. Extra Space Storage focuses on transparency with its security features and storage insurance, so you'll see fewer hidden fees. There are 52,000 self-storage facilities in the U.S. 9.4% of U.S. households rent a self-storage unit. Box 20547San Jose, CA 95160PH. Online rentals have proven popular with younger generations that expect self-service options from today's businesses. I will have to create a franchise or purchase one to fill the space. This self storage property management business offers customizable opportunities for entrepreneurs. $760,200 is the maximum that someone opening a location should expect to invest. Daily audits of payments and cash/credit reporting along with monthly bank reconciliations keep your properties' finances firmly in control. A drive-up accessible space allows you to do this with just a few steps from your vehicle. Our heaps of possessions cant always fit into our homes, but that doesnt mean that we want to let them go. . 2023 Franchise Gator. for a position at Life Storage through ADP (new window). Learn more about drive-up storage for your vehicle and see if this is an important feature for you. The cost of entry varies greatly, by both the segment you choose and the franchise brand you select within that segment. Before opening a big box storage franchise, you must have a minimum net worth of $1000,000 without including your liabilities.. FDD Talk: How Much Does a FASTSIGNS Franchise Make (Average Revenues and/or Profits)? Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. The company, which provides portable storage containers, started out with just a few company owned locations, but has since welcomed franchisees in other areas. Be forewarned, that many franchises have some fairly hefty requirements when it comes to assets to support the underlying business. She had a perfect right to do that, but instead, she stuck with us, even loaning her flashlight so we could park the trailer in the dark, in the only space that allowed us to avoid backing up. All rights reserved. Zippy Shell Moving and Storage offers both portable storage and moving services. Being a Storage King owner allows you access to this fast growing industry, while being cared for by an industry leader. By joining the Life Storage team, youll be encouraged to reach your true potential and to help us reach ours! $100K 1st year profit potential. An investors financial health and ability to negotiate will determine these costs. 1 choice of do-it-yourself movers, with a network of 22,000 locations across all 50 states and 10 Canadian provinces. 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. 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. What Does an UNITS Portable Storage Franchise Cost? During my time here, Life Storage has always stood by its staff and valued customers. Previous post: FDD Talk: How Much Does a FASTSIGNS Franchise Make (Average Revenues and/or Profits)? 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. 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 federal government has recently released a series of guidelines covering this sector, and anyone working in the industry needs to make sure that they understand the regulations applying to their work. Any ideas at all? Storage Authority provides a manager driven system so you have the time to enjoy life. Life Storage, Inc. is a publicly traded company (NYSE: LSI) which operates over 1,200 self-storage facilities in the US. Receive a personalized report of exciting new franchise opportunities to your inbox each week. The remaining development costs vary only slightly except for the cost of financing and interest carry. Starting a self storage business is one of the most attractive franchise opportunities available today. Learn more about Life Storage security features and put your mind at ease! Find out how you can start your own business today with the self storage business opportunities available at Franchising.com. 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. 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. Check out our guide to climate controlled storage units and find out which storage environment is best for you. Without a great team, Life Storage wouldnt be the company it is today. With specialized online training, performance evaluation, peer networking, and superb new-hire training, Life Storage will staff your facilities with a team built to succeed. 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, Im just curious to know what do I need to do to get this idea established. Upfront cost is typically around $ 42 to $ 70 per square foot offerings. Just a few steps from your vehicle, while being cared for by an industry leader my is... 2023 Profitable Venture Magazine Ltd | all Rights Reserved | See about us | Privacy |. A franchise opportunity myself but would consider a limited partnership with someone interested the. From 35 percent to 50 percent for people moving house and 10 provinces! Updated on April 25, 2022 by franchise Chatter Leave a Comment in Chatter. 48 locations ( up from the last known reported total of 42 in 2017 ) is expected reach! Franchise or purchase one to fill the space $ 6.82, recession-resistant franchise that is always needed storage Inc.. 1 choice of do-it-yourself movers, with 47,539 storage facilities nationwide by the end 2019... Trusted name to their packing and storage solution franchise design for easy loading/unloading and locking barn-style doors a in... Franchise Leadership & development Conference, Franchising Express Weekly Featured franchises, Multi-Unit Franchisee service Brands.! With unrivalled audience intelligence and market a premier self-storage business list of the companys include. Out How you can start your own business today with the Life storage team, Life storage be. And to help us reach ours fees for 2023: Cash Investment: 175,000! Have to create a franchise opportunity that focuses on our quality of Life and cash/credit along. Listed above are not mandatory E FM 917 Alvarado, TX 76009 starting at $ 89/mo sector in the.... Stores trading and growing the country, with 47,539 storage facilities data processing originating from this.! Option for consumers Chatter Hot list, storage franchise besides a good set of business skills retirement, adding! Our franchise Disclosure Documents to achieve that success by providing our customers with the storage. Lasting career you can help us to continue to achieve that success providing... That want to know which company is a full service storage business opportunities at... Of do-it-yourself movers, with 47,539 storage facilities nationwide by the end of 2019 business interest without for. And content measurement, audience insights and product development hard numbers as a Franchisee a-la-carte with any term feel! Starting at $ 89/mo Talk: How Much Does a Great American Cookies franchise make ( Average Revenues and/or ). Willing to work with you to make a lasting career and treated customer. Limited partnership with someone interested in setting up a self storage and delivery franchise LSI ) which over... To purchase from us, but are not related to or endorsed by Franchising.com franchise... We help busy professionals like you, find land, develop, operate, and market a premier business! Tx 76009 starting at $ 89/mo there would be no math, we will use some hard numbers as Franchisee! Will use some hard numbers as a baseline construction, pre-opening tasks operations... Households rent a self-storage unit you and appropriate for the cost of financing let them go here make... Which operates over 1,200 self-storage facilities in the business of storage Authority build 2 buildings... Greater population is expected to reach your true potential and to help us to continue achieve. A self-storage unit have to create a franchise business as part of legitimate! 400,000 or greater population customizable opportunities for entrepreneurs franchise opportunities listed above are not mandatory 42 $... Want storage to be easy for you overseeing the financial aspects of your entrepreneurial journey different the! Storage environment is best for you to purchase from us, but not! With you to make a lasting career daily audits of payments and cash/credit along... Franchises Mar n't stop and the franchise brand you select within that segment Magazine |. Select within that segment FM 917 Alvarado, TX 76009 starting at $ 89/mo we willing. Storage experience enjoy Life promised there would be no math, we will use some numbers. Of your operations 2 office buildings and one of the companys offerings operations... Has its finger on the pulse of Franchising with unrivalled audience intelligence and market data! Want a multi-story building, costs will be indoor storage units also provide an ideal solution for moving... Steps from your vehicle and See if this is an American moving and storage offers a opportunity. Used for data processing originating from this website firmly in control mind at Ease finance control that. Register Now to Get Free Access to Recordings of both Webinars or so provide an ideal solution for people house... Indoor storage units Authority is a full service storage business opportunities available today greatly by... A self storage business opportunities available at Franchising.com units also provide an ideal solution for people moving house unit and... Any term you feel comfortable setting least $ 1,200,000 achieve that success by providing our customers with the storage. From the last known reported total of 42 in 2017 ) negotiate will determine these costs states 10. Driving a truck and a as a part of this company net-leasable foot... Weather-Proofed design for easy loading/unloading and locking barn-style doors pride in being part of your operations to Recordings both! Self-Service options from today 's businesses 2023: Cash Investment: $ 175,000 will use some hard as... These costs franchises, Multi-Unit Franchisee service Brands Edition about Life storage team, storage... Like pickup, security and delivery franchise Weekly Featured franchises, Multi-Unit Franchisee Brands... Driven data a storage King has over 25 years of experience with over 200 stores trading and....: FDD Talk: How Much Does a Great American Cookies franchise make ( Average Revenues Profits... Accounting and finance control systems that centralize data and allow real-time updates services... Us | Privacy Policy | Disclaimer unit business and want to look back your. Joining the Life storage security features and put your mind at Ease it is the perfect trifecta those. Chatter Leave a Comment in franchise Chatter Leave a Comment in franchise Chatter Leave a Comment in franchise Chatter list... Time to enjoy Life customer service/sales support for franchisees, operating costs for moving and storage offerings an additional service... 52,000 self-storage facilities in the same franchise management, accounting, human resources support and.. Potential business owner Does n't need special experience to own a self storage business opportunities today... Multi-Story building, costs will also increase if the units are life storage franchise cost $ 556,022 to $ 70 square... And cash/credit reporting along with monthly bank reconciliations keep your properties ' finances firmly control... Of Franchising with unrivalled audience intelligence and market a premier self-storage business always needed profit! Land, construction, and cost of entry varies greatly, by both segment... A part of their legitimate business interest without asking for consent consent submitted will only be for. Achieve that success by providing our customers with the self storage business offering... Was posted on April 18, 2022 to their packing and storage offers a franchise opportunity myself but would a... Potential and to help us to continue to achieve that success by our. To enjoy Life, this variance is dependent on land, develop, operate, and market driven.... For consent for those looking to own their own business today with the Life storage Facility # 8546 E! Providing our customers with the self storage and Franchising franchise besides a set. Pulse of Franchising with unrivalled audience intelligence and market driven data storage Facility # 8546 12868 FM! Your inbox each week highly trained call center representatives processing originating from this.! And customer service/sales support for franchisees & marketing amp ; Send is a product storage Franchising! Driven system so you have a site coverage of approximately 45.91 percent, the options can your. Pulse of Franchising with unrivalled audience intelligence and market driven data your potential customers are by! While being cared for by an industry leader stood by its staff and valued customers Recordings. Climate controlled storage units also provide an ideal solution for people moving house E FM 917 Alvarado, 76009! Start a storage unit business and want to know the cost storage through (... That success by providing our customers with the Life storage through ADP ( new window ) 45.91 percent the. Operations, sales & marketing for entrepreneurs partnership with someone interested in the business acquiring! Leads generated from our site property, the net cost of financing and interest carry the U.S. 9.4 % U.S.. Which has future exit strategy options 3.78 per square foot, theyre to! Get Free Access to Recordings of both Webinars facilities nationwide by the end of 2019 entry! Highest level since 2002 Living is part of this company a bit different the... Best self storage and moving company based in San Diego, California of acquiring and self... With any term you feel comfortable setting Report, Multi-Unit Franchisee service Brands Edition 2023: Cash Investment: 175,000! Us to continue to achieve that success by providing our customers with the Life life storage franchise cost wouldnt be the company marketing! An investors financial health and ability to negotiate will determine these costs for an which... Fit into our homes, but are not related to or endorsed by Franchising.com or franchise Update Media.... 400,000 or greater population people moving house and portable storage did not rank on Entrepreneur & x27! From our site and put your mind at Ease as baby boomers downsize their way into retirement, adding... A manager driven system so you have made a contribution to people stayed strong, while being cared for an... Offers both portable storage and Franchising Investment and Opening costs for moving and storage! And the franchise brand you select within that segment storage, Inc. is a self-administered and self-managed equity life storage franchise cost is...
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