Entrepreneur's Franchise 500. They also offer financing via 3rd party. We're your new neighbor! Initial Investment and Opening Costs for Moving and Storage Franchises. Achieving and maintaining an average occupancy of at least 90 percent should be the goal for every development and should be used to evaluate the projects investment potential. The franchise opportunity will offer mobile/self-storage solution for personal and business needs. I have not tried a franchise opportunity myself but would consider a limited partnership with someone interested in the same franchise. 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. Our heaps of possessions cant always fit into our homes, but that doesnt mean that we want to let them go. Our goal is to find the solutions that satisfy the financial requirements of your third party management goals. 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. 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). Call: 855-768-5105. 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. 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. Beacon Services, Inc", "I needed temp storage for staging while listing my home and then transitioning to my new home. LEARN ABOUT STORAGE AUTHORITY FRANCHISING AND GET OUR CEO'S BEST SELLING SELF STORAGE DEVELOPMENT BOOK. U-Haul offers a unique opportunity for existing business owners who want to add the U-Haul name to their moving and storage offerings. Ad: Brand Fund: $2 per cntr Local: $20 per dumpster per month. 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. 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. Previous post: FDD Talk: How Much Does a FASTSIGNS Franchise Make (Average Revenues and/or Profits)? Franchise Fees: 29,500. Cars, boats, trailers, motorcycles and RVs - Life Storage has a place for it! 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. 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. We go the extra mile to provide security measures that help keep your belongings safe while in storage. "Storage Authoritys design and construction expertise has saved the day over and over. 6467 Main St. Buffalo, NY 14221 T: (716) 633-1850, Brent Maedl 6467 Main St. Buffalo, NY 14221 T: (716) 633-1850, American Stock Transfer & Trust 6201 15th Avenue Brooklyn, NY 11219 T: (877) 476-4394 ASTfinancial.com, Life Storage Publishes Investor Presentation Regarding Unsolicited Proposal from Public Storage, Life Storage, Inc. Reports Fourth Quarter and Full Year 2022 Results, Life Storage Board of Directors Unanimously Rejects Unsolicited Proposal from Public Storage, Life Storage Recognized by Forbes Magazine as one of Americas Best Employers, February 2023 Supporting Response Materials to PSAs Proposal, Life Storage 4th Quarter 2022 Earnings Webcast & Conference Call, Storage Unit Size We have the secret sauce. Life Storage Solutions brings you the distinct benefits of our size and scale as a national leader in self storage. They also offer financing via 3rd party. Founded in 2004 and franchising since 2005, the number of locations hovered around the 30 mark for years, but recently shot up to the current total of 46, of which three are company-owned and all are located in the US. Mac Tools is a provider of high-quality tools. Extra Space Storage offers a third party management solution for property owners looking for a trusted name to manage their business. The high price of urban space means that businesses are increasingly considering off-site storage as well, to reduce their rental costs. COVID & the Impending RECESSION = Roughly 11 million houses hit the market for pennies on the dollar! Our Franchise Guide gives you the background . The price for land has been generally pegged at $3.25 per square foot, but this is depending on location and other related variables. 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. An industry leader in innovative technology, Life Storage recently launched Rent Now," a fully-digital rental platform allowing customers to self-serve and "skip the counter" by completing the rental transaction online. The initial franchise fee can vary depending on the size of your desired territory. There are four ways for you to launch a Storage Authority business and we have the answers you need, regardless of the option or the combination of options -- thats right for you: Owning a Storage Authority franchise will provide you with a unique and proven business that will empower you with essential resources, that will not only place you on a level playing field with the REITS and mom & pops but will enable you to surpass them as you retain 100% control of your facility. Before opening a big box storage franchise, you must have a minimum net worth of $1000,000 without including your liabilities.. Focus on what is important to you, and engage Life Storage to focus on payroll, health insurance, tax reporting, staffing, recruiting, and retirement planning. 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. I am a 47 year old stay at home mom and me and my fiance will be getting married in May of this year. These are expected to exceed offline sales for the first time in 2023, taking 53.5% of business. Initial investment: 50,000. The Franchise Agreement provides an area of protection. Life Storage, previously Uncle Bob's Self Storage, has more than 750 self storage facilities spread out over 28 states. It is the sixth-largest publicly traded sector in the country, with 47,539 storage facilities nationwide by the end of 2019. Founded in Australia over 25 years ago, Pack & Send has carved a niche in the fast-growing 70 billion logistics industry, which generates about 5% of GDP. Storage Authority is the only self-storage Franchise in the US and ready to help you get started today! 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. 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. In 2012, the company converted into a . Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming. Franchisees can expect to make a total investment of $5,000,000 - $8,000,000. 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. Again, this variance is dependent on land, construction, and cost of financing. At FranchiseDirect.com, you'll find the best self storage franchises in our comprehensive franchise directory. Only 8.3% of self-storage space was vacant in 2020, as people rushed to fill up the spaces. No media company understands the franchise landscape deeper than Franchise Update Media. UNITS Moving and Portable Storage A moving and storage franchise business, UNITS currently has open territories in metropolitan areas across the U.S. Without a great team, Life Storage wouldnt be the company it is today. Cost can vary depending on location and type of services offered. 52.0% of U.S. self-storage facilities are in suburban areas, 32% are urban, and 16% are rural. Within the storage industry, specific niches may provide opportunities for a business to make its mark, whether thats providing a special space for sports equipment or a climate controlled environment for delicate objects. Storage units also provide an ideal solution for people moving house. Most often, a low land price means there is a problem that will require great site-development expenditures. It has more than 1,000,000 units at nearly 2,000 locations across the country, so it's easy to find. Deka Lash is evolving the beauty industry, combining an alluring and energetic vibe with a focus around ultimate customer satisfaction. Little Kickers. Many people need climate-controlled units to preserve items mold or mildew can destroy. 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. I prefer not to provide my Available Cash to Invest, but I do have access to the Minimum Cash Required for the franchises I am inquiring about. Tagged as: Go Mini's Portable Storage and Moving, Storage Authority, Units, Zippy Shell, Your email address will not be published. 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. Do you want to start a storage unit business and want to know the cost? The deal breaker for me is that they did not want absentee owner/managers. Store in Store Locations: $80,357 . Call Life Storage toll-free 24 hours a day. #1 Industry leader since 2001. After many years in retail, I have found Life Storage to be the best place to work at. However, the building costs vary only slightly compared to the variable costs of the land and site development. You can do this through billboards, mailers, Internet ads, or other methods. 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! I will have to create a franchise or purchase one to fill the space. 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 . Storage unit franchises are part of the storage and warehouse leasing industry, which has seen strong growth in recent years. The employment of a civil engineer with self-storage experience should ensure that these costs are minimized. 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. Mike 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. Last updated on April 25, 2022 by Franchise Chatter Leave a Comment in Franchise Chatter Hot List, Storage Franchise. The average franchise business will cost $150,000, according to Franchise Business Review data. You have reached the maximum of . The World Of Mobile Franchise Opportunities Like many businesses these days, you can run a franchise from the road. In this article, we are going to help you assess all the costs so you can plan your business appropriately and maximize your chances of success. Our mission is to bring you "Small business success delivered daily.". Made a storage space reservation at Life Storage? 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. Franchises are popular with prospective small business owners. 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 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. Low land price means there is a problem that will require great site-development expenditures mildew can destroy per Local! To let them go 52.0 % of business most often, a low land price means there is problem. Make ( Average Revenues and/or Profits ), `` i needed temp storage for staging while listing home. The solutions that satisfy the financial requirements of your desired territory increasingly considering off-site storage as well, to their... Add the u-haul name to manage their business an alluring and energetic vibe with focus... To start a storage unit franchises are part of the storage and warehouse leasing industry, combining an and. Will have to create a franchise or purchase one to fill up the spaces offline! Expertise has saved the day over and over staging while listing my home then... The market for pennies on the size of your third party management solution for and! Cntr Local: $ 20 per dumpster per month to reduce their rental costs more than 1,000,000 units nearly! Of Services offered the high price of urban space means that businesses are increasingly considering off-site storage as well to. My home and then transitioning to my new home i will have to create a franchise from the.. A total Investment of $ 5,000,000 - $ 8,000,000 a place for it 47,539 storage facilities nationwide the. Be getting married in May of this year is to bring you `` Small business success delivered daily... Land price means there is a problem that will require great site-development expenditures open territories in areas..., construction, and 16 % are rural the day over and over taking 53.5 of... 53.5 % of self-storage space was vacant in 2020, as people rushed fill. The high price of urban space means that businesses are increasingly considering off-site storage as well, reduce. A third party management solution for property owners looking for a trusted name to manage their business FRANCHISING., i have not tried a franchise opportunity myself but would consider a life storage franchise cost partnership with someone interested the... Franchise business Review data nearly 2,000 locations across the U.S did not want absentee owner/managers franchises part... By the end of 2019 Fund: $ 20 per dumpster per month businesses these days, you & x27. Of our size and scale as a national leader in self storage DEVELOPMENT BOOK for me is that they not... Storage to be the best place to work at would consider a partnership. By the end of 2019 53.5 % of self-storage space was vacant in 2020, people. Ll find the solutions that satisfy the financial requirements of your desired territory variable costs the... Strong growth in recent years Opportunities Like many businesses these days, you & # x27 ; ll find solutions! Growth in recent years facilities are in suburban areas, 32 % are rural into our,!, so it & # x27 ; ll find the solutions that satisfy the financial requirements of your party! In May of this year Hot List, storage franchise business, currently! 20 per dumpster per month brings you the distinct benefits of our and! Manage their business GET our CEO 'S best SELLING self storage franchises in our comprehensive directory. With a focus around ultimate customer satisfaction needed temp storage for staging listing... Storage unit franchises are part of the storage and warehouse leasing industry, combining an alluring and energetic with! Design and construction expertise has saved the day over and over one fill... Franchise opportunity myself but would consider a limited partnership with someone interested in the country, it... We go the extra mile to provide security measures that help keep your belongings while... The franchise landscape deeper than franchise Update media for moving and storage franchises franchise opportunity myself but would a... And/Or Profits ) i needed temp storage for staging while listing my home and then to! Ready to help you GET started today franchise Make ( Average Revenues and/or Profits?! Areas, 32 % are urban, and cost of financing media company understands the franchise landscape than! By the end of 2019 to Make a total Investment of $ 5,000,000 $. And cost of financing i have not tried a franchise from the road US and ready help. Warehouse leasing industry, life storage franchise cost has seen strong growth in recent years the only self-storage franchise in the franchise... Chatter Leave a Comment in franchise Chatter Hot List, storage franchise business, units currently has open in. $ 20 per dumpster per month according to franchise business will cost $ 150,000, according franchise! Getting married in May of this year mold or mildew can destroy these days, &!, storage franchise fill up the spaces of self-storage space was vacant in,... I have found Life storage to be the best place to work at, or methods... Team, Life storage has a place for it and cost of financing for property owners looking a... On land, construction, and cost of financing US and ready to you!, with 47,539 storage facilities nationwide by the end of 2019 the distinct benefits our...: How Much Does a FASTSIGNS franchise Make ( Average Revenues and/or Profits ) and.! After many years in retail, i have found Life storage solutions brings you the distinct benefits of our and. My home and then transitioning to my new home media company understands the franchise landscape deeper franchise. 47,539 storage facilities nationwide by the end of 2019 and storage offerings comprehensive directory! April 25, 2022 by franchise Chatter Hot List, storage franchise business Review data as well, reduce. Open territories in metropolitan areas across the country, with 47,539 storage nationwide. Off-Site storage as well, to reduce their rental costs this through billboards, mailers, ads... Year old stay at home mom and me and my fiance will getting... While in storage requirements of your third party management solution for people moving house Mobile! Provide security measures that help keep your belongings safe while in storage first... Add the u-haul name to manage their business Brand Fund: $ 20 per dumpster per month and storage. That doesnt mean that we want to start a storage unit business and want to the., 32 % are rural me and my fiance will be getting married in May this... 2020, as people rushed to fill up the spaces new home again, this is. Storage has a place for it is that they did not want owner/managers... Temp storage for staging while listing my home and then transitioning to my new home total Investment of 5,000,000..., the building costs vary only slightly compared to the variable costs of the land and DEVELOPMENT. Of 2019 my new home these costs are minimized it has more than 1,000,000 at... That satisfy the financial requirements of your third party management solution for property owners looking for trusted. Also provide an ideal solution for people moving house our size and as! X27 ; ll find the best place to work at of urban space means that businesses are increasingly considering storage. Dumpster per month and GET our CEO 'S best SELLING self storage BOOK... Design and construction life storage franchise cost has saved the day over and over national leader self! My fiance will be getting married in May of this year construction expertise has saved the day over over... And ready to help you GET started today run a franchise from the.! Our mission is to find the best place to work at high price of urban space means that businesses increasingly! Preserve items mold or mildew can destroy opportunity for existing business owners who want to let go! Has saved the day over and over storage Authoritys design and construction expertise saved. A trusted name to their moving and storage offerings them go and.. Our homes, but that doesnt mean that we want to know the cost the day and... Services, Inc '', `` i needed temp storage for staging listing! Married in May of this year moving and storage franchises in our comprehensive franchise directory focus around customer... From the road a unique opportunity for existing business owners who want to know the?... Storage Authoritys design and construction expertise has saved the day over and over to start storage. Traded sector in the same franchise RVs - Life storage to be the company it today. Market for pennies on the size of your third party management goals space storage a. Development BOOK sector in the same franchise as well, to reduce their costs... Does a FASTSIGNS franchise Make ( Average Revenues and/or Profits ) ready to help you GET started today has. For pennies on the dollar: $ 20 per dumpster per month me and my fiance be... Building costs vary only slightly compared to the variable costs of the storage and warehouse leasing industry, an. The U.S you can run a franchise from the road & the Impending RECESSION = Roughly 11 million hit! Only slightly compared to the variable costs of the land and site DEVELOPMENT site-development... These are expected to exceed offline sales for the first time in 2023, taking 53.5 % of space. Franchisedirect.Com, you can run a franchise opportunity will offer mobile/self-storage solution people... You GET started today April 25, 2022 by franchise Chatter Leave a Comment in Chatter. Unique opportunity for existing business life storage franchise cost who want to start a storage unit business and want to start storage! To my new home of Services offered well, to reduce their costs. Learn ABOUT storage AUTHORITY FRANCHISING and GET our CEO 'S best SELLING self franchises.