Self- Storage is an industry that is known for its storage service on rents such as containers, rooms, lockers, etc.
If you are willing to opt for Self-storage Franchise, you are at the right place. Here, we will discuss all the information related to investing in the self-storage franchise.
About Self-Storage Franchise
Self-Storage is a service-providing industry. They provide rental space for storage such as containers, rooms, lockers, and warehouses.
According to reports, there are 2.3 billion square feet of rentable storage space and over 50,000 self-storage facilities in the USA.
The demand for Self-storage is continuously increasing, and their service has changed the lifestyle and society.
History Of Self-Storage
Self-Storage was established in 2016 when Veteran Marc Goodin and Garrett Byrd brought together their considered talents to develop a first-of-its-kind business.
Self-Storage started with the concept of providing storage services on rent, such as warehouses or rooms. And today, they provide all kinds of storage services.
The company offers franchise experience, including construction, operation, design, and ownership.
It surrounds you with proven learning tools and detailed management, operation, and marketing guidelines.
The team has more than 50 years of experience in self-storage and franchising. Currently, the Self-Storage franchise is operating in two locations.
Business Model Of Self-Storage
The Self-Storage authority’s business model starts by guiding and assisting the owner on how to identify land, design a premier facility, obtain approvals and build their facility.
Once they open the franchise, the owner oversees the operations of a manager-driven system based on the storage authority systems and platforms.
Self-Storage Franchise Model
| Initial Investment | $500,000 – $4,000,000 |
| Franchise-Fee | $18,000 |
| Royalty-Fee | 6% |
| Liquidity | $750,000 to $1,000,000 |
| Area Requirement | 10,000 square feet to 100,000 square feet or more. |
| Total Outlets | N/A |
How Much Does A Self-Storage Franchise Make?
There are a number of aspects that determine the profitability of the Self-Storage franchise.
Profit varies depending on the size of the investment, expenses, and demand for the product.
As we all know, Self-Storage has already earned goodwill in the market, so there is a good possibility that revenue must be higher.
Training And Support
Self-Storage provides classroom and textbook learning that covers your storage authority business, from start-up to day-to-day operations.
They have a training center in Florida where classes are held regularly throughout the year. They provide initial training classes for three days.
In addition, they also offer online training during the four-week prior to opening.
Advantage Of Self-Storage
- Provides training and support
- Well market and competition research
- Proper sales, marketing, and customers services
- Business strategy
- A third-party management contract
- Certificate Of Occupancy
- Labour safety requirement
Frequently Asked Question
Can I open self-storage to use my retirement funds?
Yes, you can use your retirement fund to open Self-storage.
How much does a Self-Storage Franchise make?
We can’t predict the profit. It varies depending on the location and services.
How much is a Self-Storage franchise fee?
The self-Storage franchise fee is $18,000
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise