You can do this through billboards, mailers, Internet ads, or other methods. Storage Authority helps busy professionals like you make a lucrative self-storage income and retirement nest egg, while you can continue your career. Those who are making a local move can have the company deliver their packed container to their new location. Storage King has over 25 years of experience with over 200 stores trading and growing. 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. Franchise. While costs range from less than . Life Storage. Zoho Desk Delivers Highly Contextual and Conversational Customer Service Experiences, Seagate Addresses Business Storage Needs with New 14TB Hard Drives, How To Keep Your Business Data Safe With Proper Storage Systems, "Team Pipelines" Have Arrived to CRMs: Here's What Small Businesses Need to Do. Franchisees can expect to make a total investment of $5,000,000 - $8,000,000. To add more franchises, please uncheck selections in your request info basket. 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 A fully mobile, recession-resistant franchise that is always needed. The company, which provides portable storage containers, started out with just a few company owned locations, but has since welcomed franchisees in other areas. Is Franchising a Path for You? The franchises on this list were ranked according to the number of units in the franchise system. 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. 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. We do not SPAM you. This variance in expenses is due to the variable cost in different markets, such as property taxes, manager salaries, and utility costs. 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 . Exclusive territory. The overall investment can vary depending on location and size. 2020 Storage Authority Franchising. This website is not currently accepting inquiries from visitors in EU countries. 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. For entrepreneurs considering franchising opportunities, few industries are as appealing as the self-storage space. Operating costs will also increase if the units are climate-controlled. Again, this variance is dependent on land, construction, and cost of financing. Here's a list of some of the more mobile franchise opportunities. The Department for Homeland Security sometimes makes vague comments about how facilities could be used to store materials for terrorist attacks, but while business owners should know the expectations the government places on them, the real threat of such activities is probably small. 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! By continuing to browse the site you are agreeing to our use of cookies. At Life Storage, we want storage to be easy for you and appropriate for the things that are important to you. The features you choose will be important for the valuables you will store and the convenience of accessing them in the months ahead. All rights reserved. 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. 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. ", Scott H. Storage Authority Franchise Owner, Mulberry, FL, Copyright 2020Storage Authority Please send me emails about other franchises I should know about. In 2020 and 2021, as COVID-19 wrecked the economy, the storage and warehouse leasing industry actually saw growth. Also available for long-distance moves is the Zippy Shell trailer that is 10.5 feet wide, 11 feet high, and 22 feet long from the hitch to the back. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our proprietary Live Verify technology. Extra Space Storage focuses on transparency with its security features and storage insurance, so you'll see fewer hidden fees. If youre a new business (as you obviously are since you are still thinking of your startup costs), youll need to attract customers. Starting a self storage. Life Storage has a number of choices that will address your needs. Self-storage is an increasingly important part of American life. Like most industries, the storage sector is seeing a shift toward online sales. Operating your properties under Life Storage Solutions minimizes your exposure to legal issues and potential fraud. Extra Space Storage, another self-storage REIT, notched same-store NOI of nearly $770 million in 2020. 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 With Life Storage Solutions in the driver's seat, you'll find opportunity in every rental. Storage Authority is the only self-storage Franchise in the US and ready to help you get started today! We make self-storage development, operations and marketing MUCH, MUCH easier for you and reduce your risks. Units Franchise cost ranges from $556,022 to $1,083,322 according to the 2019 FDD. Total Investment: $128,310 - $448,285. Last updated on April 25, 2022 by Franchise Chatter Leave a Comment in Franchise Chatter Hot List, Storage Franchise. Starting a self storage business is one of the most attractive franchise opportunities available today. Since 1945, U-Haul has been the No. 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. We own self storages we designed, built and manage. 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. The typical self-storage development cost ranges from $34 to $42 per gross building square foot. Extra Space Storage is our #1 self-storage company. Traditional Locations: $240,959 - $508,472*. Life Storage, Inc. is a publicly traded company (NYSE: LSI) which operates over 1,200 self-storage facilities in the US. Demand for the industrys services stayed strong, while profit as a share of revenue reached its highest level since 2002. In a volatile lending environment, Life Storage Bridge Loans are a reliable solution to reach deeper into the capital stack to access valuable equity and provide the flexibility you desire without a long term commitment. Our Franchise Guide gives you the background . Storage King has been providing personal and business storage for the past 7 years and are leaders in the portable storage industry. That growth is expected to continue, with a predicted average annual growth of 2.02% for the self-storage market during the period from 2021 to 2026. Franchise. Franchise Leadership & Development Conference, Franchising Express Weekly Featured Franchises, Multi-Unit Franchisee Customer Experience Report, Multi-Unit Franchisee Service Brands Edition. Deka Lash is evolving the beauty industry, combining an alluring and energetic vibe with a focus around ultimate customer satisfaction. Smartbox offers storage containers and moving services and has locations in states around the U.S. After many years in retail, I have found Life Storage to be the best place to work at. Franchises Available? Even during the packing process, these make more space to maneuver, as belongings can be boxed and sorted into the unit instead of piling up in the house. According to The Self-Storage Expense Guidebook, operating costs for storage units average $3.78 per square foot. 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. Here at Franchising.com we have many retail franchises available for those entrepreneurs wishing to start their own business, including many self storage franchises. Do you want to start a storage unit business and want to know the cost? Each time the phone rings, your potential customers are served by our highly trained call center representatives. These are expected to exceed offline sales for the first time in 2023, taking 53.5% of business. Garage organization products are expected to post the fastest gains in the industry, rising by up to 7.5% per year.*. Storage unit franchises are part of the storage and warehouse leasing industry, which has seen strong growth in recent years. The franchise opportunity will offer mobile/self-storage solution for personal and business needs. Because in one call you can learn the basics of what it takes to own a self storage and decide if youre ready for the next step. You can be confident in our ability to manage your properties by focusing on the fundamentals of marketing, pricing, cost control, and property upkeep. How much is a Units Franchise? The company offers training, development, management and more all aimed at helping storage businesses increase earnings. Box 20547San Jose, CA 95160PH. Asking rents on storage space have been rising in response to this continued demand, going from an average of $1.14 per square foot in 2019 to $1.18 only a year later. 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. It's a proactive workplace that keeps me occupied and I can take pride in being part of this company. Originally founded in Australia, Zippy Shell has franchise locations in a number of U.S. markets and is open to even further expansion. It's important to consider temperature and humidity when storing valuables that are sensitive to heat, cold, and air moisture over time. We know that with the right systems, training, support and your hard work, your success is inevitable. Complete the contact form. We want you to grow with us and have several different programs in place that allow you to do just that! No spam, just good, helpful information for aspiring entrepreneurs. You pay rent on the first of each month until you no longer need your storage space. 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. I just acquired a piece of land to build 2 office buildings and one of the levels will be indoor storage units. We don't share our mailing list. Phone number: * Discounts on specially marked spaces at select Life Storage locations. Founded in 2014 and franchising since 2015, the company website currently lists four locations (two in Connecticut, and one each in New Jersey and Texas), along with a mention that new locations are in the works in eight different states. 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. Located in Buffalo, New York, the Company operates more than 1,100 locations in 37 states and the District of Columbia. Startup Costs: $342,804-$662,704. Storage Authority is a bit different from the other franchises on this list. Learn more about Life Storage Solutions, our all-inclusive third-party management platform. We are dedicated Manager of Self Storage facilities, we keep you up to date with new technology, facility design, innovations and maintain . The franchise opportunities listed above are not related to or endorsed by Franchising.com or Franchise Update Media Group. We pride ourselves on providing our associates with the most comprehensive and robust training in the self storage industry. 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