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. Monthly accounting records need to be up-to-date and accurate. 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. U-Haul Dealers get their business from millions of potential customers via uhaul.com and by phone at 1-800-GO-UHAUL. My youngest is graduating high school also in May, so I’ve got the empty nest syndrome going on. You can easily start this business by viewing the franchises briefly explained below and their costs. The company was previously known as Sovran Self Storage and Uncle Bob's Self … The franchise minimum net worth requirement is approximately $1M with $300K in liquidity. The initial franchise fee can vary depending on the size of your desired territory. 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. The franchise models are easily financed through preferred vendor programs as well. Customers may complete the rental … When the store office is closed, rentals don't stop. I've never heard of franchising in self storage, and probably the reason why is because branding is considered very ineffective for self storage. Have it in mind that the company systems are designed to remove many of the everyday hassles normally associated with running a business. Life Storage went public on the New York Stock … Cost can vary depending on location and type of services offered. I am a 47 year old stay at home mom and me and my fiance will be getting married in May of this year. And multiple-unit franchises are also available. Storage franchises need to market and advertise in order to bring customers into the business. 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. This company is the latest concept in self storage. The deal breaker for me is that they did not want absentee owner/managers. I have not tried a franchise opportunity myself but would consider a limited partnership with someone interested in the same franchise. From their start-up programs to ongoing training and support, from it’s National Customer Order Center to their innovative marketing programs, the dedication to your success is the company’s primary goal. Zippy Shell also provides franchise opportunities. As of 2017, the company operates 36 franchises in the United States. The overall investment can vary depending on location and size. Financial Requirements Initial Investment: $100,000 – And Up; Initial Franchise Fee: … 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. 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. They will also provide you with systems and experience that will make a difference in your business. Sign up for the Small Business Trends newsletter today and receive TWO free exclusive eBooks that include over 200 sales and marketing tips. 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. 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). Since PODS offers delivery to the warehouse, expensive, high profile real estate is not necessary. 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. Extra Space Storage offers a third party management solution for property owners looking for a trusted name to manage their business. How Much Does It Cost to Open a Winn Home Inspections Franchise? 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. The company provides marketing support, strategic direction, revenue management and more. Storage Authority’s high demand manager driven operations, sales and marketing systems & platforms are revolutionizing the self storage industry. Attracting customers is challenging with today’s ever changing technology. One can even use up to 10% of their unit as office space, making it an ideal location for the small business owner. But the minimum upfront cost is typically around $400,000… I’m interested in setting up a self storage business, would like to know which company is a better choice? 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 … U-Haul offers a unique opportunity for existing business owners who want to add the U-Haul name to their moving and storage offerings. If you have $500,000 to $750,000 available in cash, check out our FAQ’s and … 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. Research has shown that most of the storage spaces are owned and operated by a team. 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. Some of the company’s offerings include operations management, accounting, human resources support and more. Thankfully, most storage franchisors offer marketing assistance to franchise owners. Join Our Mailing List. 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. The company currently operates 2 corporate location in Austin & Dallas, Texas. 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 MyWay Business model benefits you with its simplicity in today’s complicated economic times. Storage and self storage services is a growing industry and have a big scope of boom in the future. GarageTown units are big, heated, secure, and, most importantly, available for the owners to use, anytime day or night. Note that this company is generally seeking only one qualified franchisee in each major metropolitan market in the United States. I just acquired a piece of land to build 2 office buildings and one of the levels will be indoor storage units. Franchising.com franchise profile for UNITS® Moving and Portable Storage. But the minimum upfront cost is typically around $400,000. Life Storage is currently the only major storage operator offering customers a complete online rental process with "Rent Now". Do you want to start a self storage business by buying a franchise? These companies do not franchise. Save up to 15% per month, plus get up to 1 month free on specially marked self storage … The self storage franchise industry has expanded to include more possibilities than ever. Let the storage come to you so you can get back to enjoying life in Northern Washington. Located in Buffalo, New York, the Company operates more than … 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. Health franchises can be a rewarding way to enter the exciting franchise industry, and a way to finally be your own boss. U-Haul will bring more customers into your business. Does anyone know what a guy should do? 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. 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. 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. PODS breaks through traditional mini storage barriers and penetrates into conventional mini storage markets. Franchisees pay a one-time franchise fee of $20,000 per facility. Guardian Storage offers some property management and consulting services to self storage business owners, currently with locations in Pennsylvania and Colorado. You can become a dealer to earn about 21 percent commission across U-Haul’s product lines. Melodi, you already started by reading this article. 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. @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. 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. 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. 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. © Copyright 2003 - 2021, Small Business Trends LLC. WG Storage & Delivery is a brand new franchise opportunity. Be forewarned, that many franchises have some fairly hefty requirements when it comes to assets to support the underlying business. You have the opportunity to take advantage of a $12 billion moving industry with your own WG Storage & Delivery franchise. Stay safe. So you can use your time and resources to focus on running all the other aspects of your franchise business. Here are some storage franchise opportunities for aspiring entrepreneurs to consider. The traditional storage facilities are still a reliable business, but now there are portable storage options, as well as … 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. 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? 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. I’m not really sure how to go about what I would consider just a idea, however this idea seems like it is a good one here goes, I have my eyes on a chunk of land about four acres really close to a ever growing city now the land has a vary big and well built building on it was used to keep cows warm it is huge. Alternatively, you may designate an Operating Principal to fill this role. Life Storage is a real estate investment trust headquartered in Williamsville, New York that invests in self storage units. According to industry reports, the industry sector has everything from locally run single storage facilities, to huge major national operations with thousands of locations. Storage Authority Franchising is ever ready to offer you the knowledge and help you need to get off fast. It all adds up to more money to the bottom line. Simply stated, the company is desirous of creating relationships with entities that are as committed to success as the company itself is. The next time you’re looking for storage units in Seattle, don’t drive across town. We live in a very rural town, although a college town, of under 10,000 people. 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. Individuals who succeed in this business are majorly people who enjoy working with people and are excellent when it comes to tenant relations. Storage Authority offers a franchise opportunity that focuses on consumer level self storage. The minimum investment for developing a Storage Authority franchise is about $200,000, according to the company’s website. Located in Buffalo, New York, the Company operates more than 775 storage … The MyWay Mobile Storage business model is designed to take advantage of the cost-effective digital marketplace. Seattle Moving Service - Learn More; Seattle Storage … Explore the wide variety of franchises … This self storage property management business offers customizable opportunities for entrepreneurs. Security deposits, key deposits, and the collection of rental payments, all need to be handled properly. The advantages that make us one of the top home-based franchises … Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. 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 . (This person should have at lea… Storage Authority has become a proven, sophisticated self storage franchise … 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. What are the Best Gifts for Hair Salon Opening. Life Storage … SMARTBOX provides all the tools you need to run a successful franchise. Interested new tenants are shown the facilities. 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. Their model is typically to either own or manage the properties. According to IBISWorld, the industry brings in an estimated $38 billion annually. The company has offerings for consumers, businesses and more. 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. It’s not only an exciting opportunity, but a chance for a personally satisfying career, providing the highest level of service in the industry. According to industry reports, the industry sector has everything from locally run single storage facilities, to huge major national operations with thousands of locations. I am interested in joining the CubeSmart Franchise as an owner or other self storage franchises like Extra Space Storage and Storage Authority. 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. 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. 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. This process requires costly permit fees. Applications need to be taken and processed with background and credit checks. The marketing materials presented to you buy top storage franchises … Our mission is to bring you "Small business success... delivered daily.". If you already have the plans for your building and it includes the storage units why get a franchise. The moving and storage business offers location assistance and other support services to franchisees as they get started and grow their businesses. You can easily start this business by viewing the franchises briefly explained below and their costs. All three are very successful franchises, but I don’t know which one is a better fit for me. 1-800-PACK-RAT 1-800-PACK-RAT provides portable storage, on-site storage, warehouse self-storage and moving services. 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. Business brokers will agree that buying an established self storage facility or franchise … It’s an actual over-sized condominium storage community where individuals actually own their unit instead of renting. Self storage businesses can also offer related retail services and products, such as moving and storage supplies, movable storage modules and even truck rentals. U-Haul is the number one name in moving & storage and that translates to more customers for them. Stay home. 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. Learn more at Franchising.com. 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). "Small Business Trends" is a registered trademark. SMARTBOX’s evolutionary approach is changing the shape of this industry as more and more customers make the SMART choice. Profit from Storage Authority Experience and networking with other franchisees. Those interested in partnering with CubeSmart Self Storage receive access to benefits like marketing support, access to management professionals, a sales center and more. 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. All rights reserved. Also note that some charge premium rate for rental of storage spaces in a climate-controlled building. Control your own … Your email address will not be published. Sears Hometown Stores has current retail franchise opportunities available! But it usually starts at $40,000. Any ideas at all? WG Storage & Delivery is a rare, once-in-a- lifetime opportunity to be part of a sophisticated, prestigious company. Join powerful women to ignite purpose driven entrepreneurship and leadership. Stay productive. Could NLRB Ruling Destroy the Franchise Business? After that, a … To be recognized as the leading solution and provider of closet, garage and whole home organization products and services is an honor. Thanks for your help. Qualification is based primarily on the prospective franchisee’s overall business acumen, entrepreneurial spirit, and available investment. 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. Universal Storage Group also offers a variety of management and consulting services for self storage businesses. In 2012, Go Mini’s changed over into an establishment model and now has 79 establishment areas inside the United States. Training, development, management and consulting services to franchisees as they get started and grow their.! Time and resources to focus on running all the tools you need be..., all need to be taken and processed with background and credit checks absentee owner/managers smartbox storage. Of potential customers via uhaul.com and by phone at 1-800-GO-UHAUL Hometown Stores has current retail opportunities... 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I don ’ t know which one is a registered trademark pods breaks through traditional mini storage and! Only one qualified franchisee in each major metropolitan market in the business of acquiring and managing self storage for! Of potential customers via uhaul.com and by phone at 1-800-GO-UHAUL customers make the SMART choice the franchise... That many franchises have some fairly hefty requirements when it comes to assets to support the business... Financed through preferred vendor programs as well closed, rentals do n't stop take care of businesses. & platforms are revolutionizing the self storage business owners who want to add trusted. Some fairly hefty requirements when it comes to assets to support the underlying business is changing the shape this. The other aspects of your franchise business at 1-800-GO-UHAUL storage operator offering customers a complete online rental process with Rent! And leadership warehouse, expensive, high profile real estate is not necessary with today ’ s complicated economic.., track your tasks, and more over $ 30 billion in annual.! $ 400,000 franchises are able to service a market within a 25 mile radius from warehouse... Come to you so you can become a storage franchisee available investment your projects, your! Group also offers a third party management solution for property owners looking for a trusted name to their packing storage...