Need a place for that huge RV or that precious classic car? The area consists of at least 400,000 or greater population. Other potential costs include inventory, equipment, insurance, employee training, business licenses, rent, landscaping, signage, etc. 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 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. We and our partners use cookies to Store and/or access information on a device. This information is not intended as an offer to sell, or solicitation to buy a franchise. Located in Buffalo, New York, the Company operates more than 1,100 locations in 37 states and the District of Columbia. Life Storage Facility #8546 12868 E FM 917 Alvarado, TX 76009 Starting at $89/mo. The franchises on this list were ranked according to the number of units in the franchise system. Then consider. The storage industry in the U.S. is growing. Why Storage Units Are A Waste Of Money For Most People Storing Clutter If you are interested in finding more value in your storage properties, the first step is Revenue Management. When you have Life Storage behind you, you can be confident that no opportunity is missed. So you can use your time and resources to focus on running all the other aspects of your franchise business. Ever. All three are very successful franchises, but I dont know which one is a better fit for me. To reach him, call 860.830.6764, e-mail marc@storageauthority.com, visit www.storageauthorityfranchise.com. Your email address will not be published. Located in Buffalo, New York, the Company operates more than 1,100 locations in 37 states and the District of Columbia. "I can't say enough good things about Denise and how she helped my brother and me. Storage and self storage services is a growing industry and have a big scope of boom in the future. Life Storage has given me the opportunity to learn and grow within a field that I love. Online rentals have proven popular with younger generations that expect self-service options from today's businesses. We take it to a new level in self-storage with an RM team made up of the sharpest analysts in the business utilizing cutting edge systems. Estimated Initial Investment How Much does a Units Franchise make? 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. Learn more about Life Storage leadership. Find out how you can start your own business today with the self storage business opportunities available at Franchising.com. 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. Self-storage is an increasingly important part of American life. Storage Authority is the only self-storage Franchise in the US and ready to help you get started today! Rural Locations: $206,423 - $459,136*. You have reached the maximum of . We help our Franchisees obtain oversized profits and other benefits most people would never reach on their own. A developments net-leasable square footage is totally dependent upon the allowable coverage of the site. Any ideas at all? There are plenty of self-storage franchises out there to help you build your business, so you can offer storage space to local customers with the backing of a reliable brand and proven business model. 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 companies are useful for a wide range of clientsfrom residential movers to [] We have you covered with our Dynamic Ease Series: Finding Land, design construction, pre-opening tasks, operations, sales & marketing. The initial franchise fee is $55,500. 17. Other income is derived from late fees, retail sales, administrative fees, truck-rental commissions, etc., and usually accounts for an additional income of 5 percent. We offer small, medium, and large storage unit sizes, plus parking spaces for vehicles. Our accounting team will work for you overseeing the financial aspects of your operations. Our heaps of possessions cant always fit into our homes, but that doesnt mean that we want to let them go. Startup Costs: $342,804-$662,704. We may receive a commission for leads generated from our site. 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. All Rights Reserved. We are dedicated Manager of Self Storage facilities, we keep you up to date with new technology, facility design, innovations and maintain . 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. Check out the Life Storage blog to see how we reach our customers and communities by providing valuable insight and advice. Store in Store Locations: $80,357 . You can even keep your current career, if you choose. Owning a storage unit can be a great business, but its important that you know all the related costs it would require so that you know how to make your budget and source for capital. Copyright 2003 - 2023, Small Business Trends LLC. The accounting team is made up of more than 30 professionals overseen by three CPAs who have a combined 30 years experience with a focus on self storage. We have the secret sauce. Franchising.com is produced by Franchise Update Media. They are always innovating, seeking ways to lead the industry through technology by integrating software for employee development, and enhanced customer experiences. "Storage Authoritys design and construction expertise has saved the day over and over. In addition, the cost of self-storage construction depends on the type of product one develops. The company offers training, development, management and more all aimed at helping storage businesses increase earnings. Real Estate Sales LLC - Flip Cheap Houses, Well-developed business model reduce your learning curve, regardless of your previous experience in business ownership and management, Access to proven systems of training, operations, and marketing rely on a built-in network of support and knowledge, Guidance about site selection, design, construction, and / or renovation, Easier to get financing your business plan and financial projections are more credible when they are built on our historic performance success and when a lender sees that we are part of your team. Unit Count: 100-plus. You can become a dealer to earn about 21 percent commission across U-Hauls product lines. Many people need climate-controlled units to preserve items mold or mildew can destroy. You can do this through billboards, mailers, Internet ads, or other methods. UNITS Mobile Storage offers a different concept of moving that eliminates all the hassle and problems of traditional moving. Learn more about Life Storage security features and put your mind at ease! Our Franchise Guide gives you the background . We have learned self storage from the trenches. You decide if you are looking for a lifestyle business or a growth business. 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. You can be confident in our ability to manage your properties by focusing on the fundamentals of marketing, pricing, cost control, and property upkeep. Ever. Here's a list of some of the more mobile franchise opportunities. 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. 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. 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. The Partner Experience portal gives you access to virtual presentations that detail how Life Storage management works. I am interested in joining the CubeSmart Franchise as an owner or other self storage franchises like Extra Space Storage and Storage Authority. The World Of Mobile Franchise Opportunities Like many businesses these days, you can run a franchise from the road. for a position at Life Storage through ADP (new window). If you have $1,000,000 to $3,500,000 available in cash, check out our FAQ's and you'll be ready to talk with us and to apply. This information is not intended as an offer to sell, or solicitation to buy a franchise. At Life Storage, we want storage to be easy for you and appropriate for the things that are important to you. If youre a new business (as you obviously are since you are still thinking of your startup costs), youll need to attract customers. View Facility Get Directions Trusted. All Rights Reserved. Simply choose one of the businesses advertised below for more information. A moving and storage franchise business, UNITS currently has open territories in metropolitan areas across the U.S. Those running storage unit franchises need to have a strong understanding of how to market and run a business digitally, and to ensure that operations in physical space line up with expectations set online. "Small Business Trends" is a registered trademark. This self storage property management business offers customizable opportunities for entrepreneurs. Franchise. Before you qualify to be a franchisee of big-box stores, you need a minimum liquid capital of $500,000.. Any recommendations? Storage King has over 25 years of experience with over 200 stores trading and growing. Corporate Opportunities. This is a good option if you want to teach soccer and get involved in your community. 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. 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 . Reminder: Your username and password are case-sensitive. I just acquired a piece of land to build 2 office buildings and one of the levels will be indoor storage units. According to IBISWorld, the industry brings in an estimated $38 billion annually. How to Choose the Best Storage Franchise Business in 2023. Great - let's find it for you! 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. We do not share your phone number with anyone other than the specific businesses you are interested in learning more about. Copyright 2001 - 2023. Warehouse Anywhere seeks to help solve the last mile delivery challenge of its corporate customers through a forward deployed, unmanned, decentralized model combining self storage asset management with propriety inventory tracking technology. You can probably get marketing advice from your chamber of commerce and your builder should help with making the units secure. All portable storage containers are 8 feet high with padded wheels that dont damage driveways or parking lots, 8-9 inches of ground clearance for easy loading and unloading, and come in three lengths: 12 feet, 16 feet, and 20 feet. Zippy Shell Moving and Storage offers both portable storage and moving services. Anytime Fitness makes wellness approachable for millions of members and gives franchisees the opportunity to be a part of a worldwide family of. View Self Storage Franchises. 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. The initial franchise fee can vary depending on the size of your desired territory. For that ever-growing group of customers who would rather click than call, you can rest assured they will find lifestorage.com easy to navigate and ready to take their storage rental. But the minimum upfront cost is typically around $400,000. 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. We offer 50+ years of self-storage and franchise experience including design, construction, operation and ownership. 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! Learn more now, CarePatrol was awarded 27 new franchise agreements in 2021, reaching systemwide revenue growth of nearly 50%. Traditional Locations: $240,959 - $508,472*. Its the right investment in the right industry at the right time. Storage units also provide an ideal solution for people moving house. 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. We employ over 2,000 people nationwide, and our team is growing every year. 2018 ShelfGenie Franchise Information Report. Urbanization is also contributing to the upward arc of storage, as more of the population fits into the confined space of cities. Life Storage Solutions recognizes the importance of people to the success of your stores. Little Kickers. If you are about to franchise, make sure you read this article because its really great and will help you out of your business when starting. Daily audits of payments and cash/credit reporting along with monthly bank reconciliations keep your properties' finances firmly in control. 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. A Personalized road map and super highway to develop, operate and market your self storage. Rural location centers: $206,423 - $459,136 2. Box 20547San Jose, CA 95160PH. At FranchiseDirect.com, you'll find the best self storage franchises in our comprehensive franchise directory. Made a storage space reservation at Life Storage? Get more information on earnings, costs, training, and more! For entrepreneurs considering franchising opportunities, few industries are as appealing as the self-storage space. No media company understands the franchise landscape deeper than Franchise Update Media. Made a storage space reservation at Life Storage? A self-storage unit business is basically a business where people come around to rent storage units where they can personally store their valuables. Storage Authority is a bit different from the other franchises on this list. Him, call 860.830.6764, e-mail marc @ storageauthority.com, visit www.storageauthorityfranchise.com Buffalo, New York, cost... A lifestyle business or a growth business at least 400,000 or greater.. Storage property management business offers customizable opportunities for entrepreneurs considering franchising opportunities few! Is the only self-storage franchise in the US and ready to help you get started today road map and highway. 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