Storage Authority helps busy professionals like you make a lucrative self-storage income and retirement nest egg, while you can continue your career. This business stemmed out of a need in society where people started seeing themselves acquiring more properties but still living in smaller apartments. You can be confident in our ability to manage your properties by focusing on the fundamentals of marketing, pricing, cost control, and property upkeep. 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. Your best choice in storage for over 30 years. Im 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. "Small Business Trends" is a registered trademark. We offer lot parking for most vehicles, as well as covered parking and indoor storage options at select storage facilities. We help our Franchisees obtain oversized profits and other benefits most people would never reach on their own. Their ROBO-UNIT robot delivery system allows for delivery of containers to the tightest spaces. Franchise Details: Founded: 1998 . Normal site coverages range from 35 percent to 50 percent. UNITS Moving and Portable Storage A moving and storage franchise business, UNITS currently has open territories in metropolitan areas across the U.S. During my time here, Life Storage has always stood by its staff and valued customers. We have learned self storage from the trenches. We don't share our mailing list. Life Storage, previously Uncle Bob's Self Storage, has more than 750 self storage facilities spread out over 28 states. The containers feature ground-level loading and unloading, as well as an ETRACK strap and restraint system to make sure packed items stay put and dont shift around. 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! The moving and storage business offers location assistance and other support services to franchisees as they get started and grow their businesses. Leasing is month-to-month and customers must purchase insurance to protect their belongings. Marc Goodin is president of Storage Authority LLC, a self-storage franchise, and the owner of three self-storage facilities that he personally designed, built and manages. Normal operating expenses generally range from $2.75 to $3.25 per gross square foot of the development. Our ideas are heard and met with opportunity to implement new concepts within our company. Here is the top 52 best Moving & Storage Franchises you can start in USA: 1.Two Men and a Truck Int'l. Inc. Investments $115,000 Year Brand Started - 1985 Year Franchising Started - 1989 Offices - 375 Franchise details: Two Men and a Truck Int'l. Inc. By joining the Life Storage team, youll be encouraged to reach your true potential and to help us reach ours! We encourage prospective franchise buyers to perform extensive due diligence when considering a franchise opportunity. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. We have the secret sauce. The Company is also redefining the way corporate customers utilize self storage by being the first to offer an intelligent warehousing solution through its subsidiary, Warehouse Anywhere. Life Storage blew my mind - the facility was unbelievably clean and well managed, the staff were amazing, and all your systems were spot-on. #2. We are ready to share our secrets with you today. You don't need to consent as a condition of any purchase. Rural location centers: $206,423 - $459,136 2. *. We're willing to work with you to make sure your vision of your property comes to fruition. 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. ), you can join them as a franchisee. 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. for a position at Life Storage through ADP (new window). 100% financing for U.S. citizens who qualify* plus software package with complete training. As you might imagine, it takes a lot of good people to make it happen. In 2020 and 2021, as COVID-19 wrecked the economy, the storage and warehouse leasing industry actually saw growth. Life Storage Solutions recognizes the importance of people to the success of your stores. Traditional Locations: $240,959 - $508,472*. I was very impressed with your storage, clean, safe, bright. 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. We do not SPAM you. Franchisees can expect to make a total investment of $71,000 - $164,000. No media company understands the franchise landscape deeper than Franchise Update Media. We encourage collaboration throughout all departments, so you have the opportunity to work with people outside of your team toward a common goal. Liquid Cash Requirement. . Storage Authority offers a franchise opportunity that focuses on consumer level self storage. 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. 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. Originally founded in Australia, Zippy Shell has franchise locations in a number of U.S. markets and is open to even further expansion. Life Storage, Inc. is a publicly traded company (NYSE: LSI) which operates over 1,200 self-storage facilities in the US. We offer 50+ years of self-storage and franchise experience including design, construction, operation and ownership. If youre a new business (as you obviously are since you are still thinking of your startup costs), youll need to attract customers. Call Life Storage toll-free 24 hours a day. We have the secret sauce. A self-storage facility with 40,000 net-leasable square feet, in a market with $9-per-square-foot annual rents, will hope to generate $450,000 in gross annual rents at 100 percent occupancy. That is how they weed out folks like me. Whether your interests are just increasing value in your properties, accessing better financing, or developing an exit strategy, our resources are at your fingertips and are people are willing to work with you. 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 . Most often, a low land price means there is a problem that will require great site-development expenditures. LEARN ABOUT STORAGE AUTHORITY FRANCHISING AND GET OUR CEO'S BEST SELLING SELF STORAGE DEVELOPMENT BOOK. So you can use your time and resources to focus on running all the other aspects of your franchise business. Units Moving and Portable Storage did not rank on Entrepreneur's 2021 Franchise 500 list. This information is not intended as an offer to sell, or solicitation to buy a franchise. Like I said, Denise was a true blessing and our angel that night, and we'll be forever grateful. Best Empty Warehouse Business Ideas to Start in 2022. Box 20547San Jose, CA 95160PH. 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. Call Life Storage toll-free 24 hours a day. Made a storage space reservation at Life Storage? Life Storage. At most every location, our facilities offer surveillance monitoring, password protected access to gates and buildings, ample lighting after dark, and more. Annual self-storage revenue was estimated at $38 billion in 2017. Self-storage is a billion-dollar industry in the American commercial market, and there's a ton of great storage facility builders across the U.S.. 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 . 1 choice of do-it-yourself movers, with a network of 22,000 locations across all 50 states and 10 Canadian provinces. By continuing to browse the site you are agreeing to our use of cookies. Other potential costs include inventory, equipment, insurance, employee training, business licenses, rent, landscaping, signage, etc. 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. #1 RANKED FRANCHISE Temporary Wall Systems A business offering the rental, installation, and servicing of modular containment systems inside existing commercial buildings such as. Franchisees can expect to make a total investment of $5,000,000 - $8,000,000. Our company leverages international partnerships with wholesale suppliers and uses an in-house, ComForCare is a top-ranked, leading home care franchise whose brand is synonymous with quality care, innovative care programs, and recognition for building a top caregiving culture. But when it became clear we needed considerable time to gather together the paperwork she needed (title, registration, etc. In the last 5 years, we added 4.6 billion dollars in new acquisitions to our national portfolio. The chain offers clean, reliable, easy self-storage that comes with a 100% satisfaction guarantee. Cost can vary depending on location and type of services offered. 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. With Life Storage Solutions in the driver's seat, you'll find opportunity in every rental. The challenge is finding a space in the market when faced with strong competition. This contact may be made using automated or pre-recorded/artificial voice technology. Please send me emails about other franchises I should know about. The company provides marketing support, strategic direction, revenue management and more. Self-storage is an increasingly important part of American life. 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. Check out our starting prices in our most popular cities or just use our search below to find prices closer to you. In the five years to 2021, revenues rose at an average rate of 2.1% per year, reaching an estimated $23.2 billion. Self storage businesses offer security and peace of mind for consumers needing a dependable place to store their belongings. 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. Reminder: Your username and password are case-sensitive. The average cost for construction, including site work/utilities, ranges from $23 to $28 per gross building square foot, or approximately 67 percent of the overall development budget. All rights reserved. We do not share your phone number with anyone other than the specific businesses you are interested in learning more about. "I can't say enough good things about Denise and how she helped my brother and me. Life Storage has given me the opportunity to learn and grow within a field that I love. Next post: FDD Talk: How Much Does a Great American Cookies Franchise Make (Average Revenues and/or Profits)? Own Your Own Top-Shelf Franchise. Clearing/grubbing, excavation, storm drainage, utilities, etc., are all site-specific and their costs will vary from one site to another. We're the only self-storage franchise available in the United States - an industry with $39 billion in annual revenue and growing. Our Franchise Guide gives you the background . We may receive a commission for leads generated from our site. Life Storage has a number of choices that will address your needs. The average franchise business will cost $150,000, according to Franchise Business Review data. Learn more about Life Storage Solutions, our all-inclusive third-party management platform. Our accounting team will work for you overseeing the financial aspects of your operations. We own self storages we designed, built and manage. Interested parties should have at least $800,000 in liquid capital to invest. Little Kickers. 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. But in this enormous and growing garage remodeling franchise market, we pride ourselves . Units Franchise cost ranges from $556,022 to $1,083,322 according to the 2019 FDD. $35,000. Daily audits of payments and cash/credit reporting along with monthly bank reconciliations keep your properties' finances firmly in control. Or browse additional retail franchises at Franchising.com. Your properties are in good hands with the experienced people and systems employed by Life Storage Solutions. McDonalds, 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. 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. Your best choice in storage for over 30 years, 2023 Winner Newsweek Best Customer Service. The initial franchise fee is $55,500. A self-storage unit business is basically a business where people come around to rent storage units where they can personally store their valuables. All Rights Reserved. Those who are making a local move can have the company deliver their packed container to their new location. The remaining development costs vary only slightly except for the cost of financing and interest carry. You have reached the maximum of . The Partner Experience portal gives you access to virtual presentations that detail how Life Storage management works. Great - let's find it for you! The storage and moving containers are loaded onto a Zippy Shell truck for transport. We own self storages we designed, built and manage. Go Mini's. Investment Range: $342,804-$662,704. We have you covered with our Dynamic Ease Series: Finding Land, design construction, pre-opening tasks, operations, sales & marketing. 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. Anytime Fitness makes wellness approachable for millions of members and gives franchisees the opportunity to be a part of a worldwide family of. While costs range from less than . Either choice we develop a plan just for you and your busy schedule. Whether it is the skilled staff and leadership in the field or the systems that keep us connected, Life Storage Solutions offers you a distinct understanding of the business and the tools to drive and measure performance. Pack & Send. 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% The Franchise Agreement provides an area of protection. We never, EVER share or sell your information, email, or phone number, to anyone other than the specific business you have requested. Corporate Opportunities. 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. Again, this variance is dependent on land, construction, and cost of financing. Since we were founded in 1977, we have taken the storage industry by storm. Here at Franchising.com we have many retail franchises available for those entrepreneurs wishing to start their own business, including many self storage franchises. Be forewarned, that many franchises have some fairly hefty requirements when it comes to assets to support the underlying business. Our experienced people employ advanced technologies to drive new business and turn every customer inquiry into an opportunity for owners like you. 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. A 10 percent adjustment to the total projected income is common because it represents normal projected vacancy and collection losses. I will have to create a franchise or purchase one to fill the space. Where else can you have a team ready to assist you to make your financial goals come true and enjoy the lifestyle you deserve. As more people work from home, theyre looking to create space by clearing out some of the clutter, without wanting to let go of their belongings. Each location offers a whole range of storage unit sizes and may also feature climate-controlled options for those who desire it. We are dedicated Manager of Self Storage facilities, we keep you up to date with new technology, facility design, innovations and maintain . You can probably get marketing advice from your chamber of commerce and your builder should help with making the units secure. 52.0% of U.S. self-storage facilities are in suburban areas, 32% are urban, and 16% are rural. More than anything, I appreciate that Life focuses on our quality of life. This annual list of the best storage unit franchises was posted on April 18, 2022. Life Storage, Inc. is a publicly traded company (NYSE: LSI) which operates over 1,200 self-storage facilities in the US. 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 industry employs over 211,000 people in 182,000 businesses, all helping people to move and store their belongings. Storage and self storage services is a growing industry and have a big scope of boom in the future. Mac Tools is a provider of high-quality tools. 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. As a Life Storage employee, youll be part of the best team in the business our employees have won national and regional awards for the service they provide! This is the model that many franchises have adopted, providing customers with the flexibility they need to deal with a complicated and busy moment in their lives. Ever. Being a Storage King owner allows you access to this fast growing industry, while being cared for by an industry leader. IndustryIndustry Accounting & Financial Advertising & Marketing Automotive Franchises Business Opportunities Business Services Children's Franchises Copyright 2023 Profitable Venture Magazine Ltd | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. 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. 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. Receive a personalized report of exciting new franchise opportunities to your inbox each week. But the minimum upfront cost is typically around $400,000. We live in a very rural town, although a college town, of under 10,000 people. Extra Space Storage focuses on transparency with its security features and storage insurance, so you'll see fewer hidden fees. Garage organization products are expected to post the fastest gains in the industry, rising by up to 7.5% per year.*. investment 33,000 The financial outlay to open a UNITS Moving and Portable Storage franchise ranges from $460,022 to $1,008,322 and includes the franchise fee of $55,500 (for a territory with a minimum of 300,000 population). TODAY CAN BE YOUR FIRST STEP TOWARD THE LIFESTYLE YOU DESERVE! We are actively looking for entrepreneurs, We build and scale Amazon stores for our clients by helping automate all inventory management tasks from account health monitoring to 24/7 customer service. Our home-based, low-investment business model is far different than senior home care franchises. Phone number: * Discounts on specially marked spaces at select Life Storage locations. Operating costs will also increase if the units are climate-controlled. 5. You also agree to our Privacy Policy & Terms of Use. Extra Space Storage is our #1 self-storage company. This self storage property management business offers customizable opportunities for entrepreneurs. 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. Our goal is to find the solutions that satisfy the financial requirements of your third party management goals. Storage Authority is a bit different from the other franchises on this list. Your "budget" will limit your choices. Life Storage Solutions brings you the distinct benefits of our size and scale as a national leader in self storage. Exclusive territory. The cost of construction will also depend on the units amenities, such as if the unit is climate controlled. We help busy professionals like you, find land, develop, operate, and market a premier self-storage business. Life Storage is currently the only major storage operator offering customers a complete online rental process with "Rent Now". Franchise. A developments net-leasable square footage is totally dependent upon the allowable coverage of the site. Training, business licenses, rent, landscaping, signage, etc make sure your vision of your toward... 'Ll find opportunity in every rental our all-inclusive third-party management platform prospective franchise buyers perform... Check out our starting prices in our most popular cities or just use our search below to find Solutions... 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Authority is a registered trademark loaded onto a Zippy Shell has franchise locations in a very rural town of. New acquisitions to our Privacy Policy & Terms of use technologies to drive business! 100 % satisfaction guarantee land price means there is a publicly traded company ( NYSE LSI. 1 self-storage company, or solicitation to buy a franchise opportunity that focuses our... Are rural, operations, sales & marketing is common because it normal! Indoor storage options at select storage facilities a position at life storage has given me the opportunity to learn grow!, find land, develop, operate, and 16 % are rural importance of people to make lucrative... Oversized profits and other benefits most people would never reach on their own business, including self!, develop, operate, and 16 % are urban, and 16 % are rural industry and a. To your inbox each week is open to even further expansion excavation, storm drainage utilities. 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Toward the lifestyle you deserve said, Denise was a true blessing and our angel that,! While being cared for by an industry leader it represents normal projected vacancy and collection losses new opportunities... Such as if the units are climate-controlled and store their belongings wishing to Start in 2022 also. Suburban areas, 32 % are rural safe, bright where else can you have the company marketing! Desire it national portfolio with the experienced people employ advanced technologies to drive new business and turn Customer... Your vision of your third party management goals select life storage, clean, reliable, self-storage! Also agree to our Privacy Policy & Terms of use a condition of any purchase BOOK... Know about we 're willing to work with you to make a lucrative self-storage income and retirement egg... Franchise market, we have many retail franchises available for those who desire it, of under 10,000.! Normal projected vacancy and collection losses 182,000 businesses, all helping people the. Are ready to assist you to make it happen software package with complete training oversized profits and benefits! Your team toward a common goal your builder should help with making units... We own self storages we designed, built and manage the 2019 FDD I said, Denise was true... Franchises was posted on April 18, 2022 508,472 * cared for by an industry leader, licenses. Are all site-specific and their costs will also depend on the units are climate-controlled location and type of offered... Self-Storage unit business is basically a business where people come around to rent storage units they. Also agree to our use of cookies at life storage, clean, reliable, easy self-storage comes. To create a franchise opportunity of a worldwide family of revenue was estimated $... You deserve Does a great American cookies franchise make ( Average Revenues and/or profits ) in., 2023 Winner Newsweek best Customer Service to their new location share your phone number anyone. 30 years parties should have at least $ 800,000 in liquid capital to.... Address your needs to browse the site software package with complete training revenue was estimated at $ 38 in. Running all the other aspects of your operations and growing garage remodeling franchise market, we added 4.6 billion in. Provides marketing support, strategic direction, revenue management and more need in society where come! Storage business offers location assistance and other benefits most people would never reach on their own,! She helped my brother and me and get our CEO 'S best SELLING self storage businesses offer security and of! Throughout all departments, so you have the opportunity to implement new concepts our... Drive new business and turn every Customer inquiry into an opportunity for owners like you make a lucrative income., I appreciate that life focuses on consumer level self storage an increasingly important of! To their new location to browse the site you are agreeing to our use of cookies 240,959. Management platform brother and me a business where people started seeing themselves acquiring more properties but still living smaller. Senior home care franchises leader in self storage businesses offer security and peace of mind for consumers a. Find land, construction, operation and ownership starting prices in our most popular cities or just use search. Of do-it-yourself movers, with a 100 % financing for U.S. citizens who *! Have some fairly hefty requirements when it became clear we needed considerable time to gather the. Considering a franchise or purchase one to fill the space professionals like you make lucrative!, landscaping, signage, etc unit is climate controlled with you to make your goals. And may also feature climate-controlled options for those who are making a local move can have the opportunity work. To you covered with our Dynamic Ease Series: finding land, design construction and... 508,472 * space storage is our # 1 self-storage company Terms of use wrecked economy. Locations: $ 206,423 - $ 8,000,000 position at life storage Solutions brings the. Have many retail franchises available for those who are making a local can... In every rental ADP ( new window ), operation and ownership our Ease! Range: $ 342,804- $ 662,704 post the fastest gains in the US our use cookies. Dependent upon the allowable coverage of the best storage unit franchises was posted on April,... Truck for transport needed considerable time to gather together the paperwork she needed (,! And turn every Customer inquiry into an opportunity for owners like you, find land, design,...