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Published : 27.11.2013 | Author : admin | Categories : Woodwork Project Ideas
Choosing to franchise a self-storage business provides you with a history of research, expertise and market knowledge to pull from, giving you an advantage in a competitive yet lucrative business segment. Starting a self-storage business from scratch on your own means there isn’t a single person on the planet who is already familiar with your operation.
Between traditional and portable storage business models, you have options for your franchise. With the demand for self-storage higher than supply, potential owners get so excited about entering the lucrative self-storage business that some do not consider a plan for when they eventually want to get out.
Welcome.The Storage Facilitator is the modern self-storage professional's destination for useful education, intriguing news, diverse expert perspectives, technology updates, and beyond. Get our free white paperThe Four Pillars of Profitable Self-Storage Management is an in-depth resource that empowers facility owners and managers to get more out of your business and stay ahead.
Owning a storage unit can be a great business, but it's important to know all the related costs and risks so you can develop a realistic business plan before you jump in.
However, a major factor in what you will pay depends on the area in which you build your storage unit.
Before you can even start construction, there will be land development costs to ready the site for building.
The cost of construction will also depend on the unit's amenities, such as if the unit is climate controlled.
If you plan to open a franchise of an established self storage company, you may avoid some of the marketing costs since the company will already have a reputation in the community.
According to The Self-Storage Expense Guidebook, operating costs for storage units average $3.78 per square foot. It is worth noting, however, it usually takes somewhere between 8 and 24 months for a self storage unit to operate at its full potential, so don't be discouraged if the first few months are slower than you would like. You can also use this handy calculator to determine whether your storage business will be profitable, and to help you figure out exactly how much you can afford to spend on land and construction. The first step in planning your business is to learn everything you can about the storage industry.
When making your plans to start a storage unit business, seek to build facilities that meet and exceed industry standards.
If starting a self storage business seems like the right choice for you, there is plenty of information available to help you learn more about how to plan your business. With the self storage industry growing rapidly in America, now is a great time to build your own storage facility. UNITS® Moving and Portable Franchise Group was recognized by Red Hot Franchises as a Top 100 Franchise for the Month of January 2013. The Moving and Portable Storage Industry is transforming the lives of our franchise owners, clients, and their loved ones. UNITS® directly competes in the portable storage and moving industry that covers four very large industries: Self-Storage, On-Site Storage, Self-Service Moving and Inter-Franchise Moves (full service long distance moving). Learn Why the Ontario Teachers’ Pension fund invested $1.1B to claim their stake in Moving and Portable Storage Service.
Most convenient & cost-effective service offers a competitive advantage over conventional methods. Proven operating system and strategic partner franchisee support designed to dominate local markets.

We love to encourage and support each and every one of the franchises that works with UNITS.
Mini storage facilities allow people to store extra items that won't fit in their homes or offices. Step 1Apply for a business license to operate a mini storage business in your area by contacting your local small business administration office or county clerk's office.
Step 2Purchase commercial retail property to build a mini storage facility or purchase an established storage facility from a commercial real estate agent or business management company.
Step 3Purchase equipment, such as bookkeeping and invoicing software, cash registers, filing cabinets, printer, office phones, cleaning supplies, storage locks, camera system to monitor the property and moving equipment for customers to use when moving heavy items in and out of storage. Reduce startup and marketing costs by buying a mini storage franchise or creating a partnership with investors. Because a franchise company has created a business plan, done the market research, started several similar businesses in other locations, and developed marketing materials, the turn-around time from when you agree to own the franchise to when you start welcoming customers is shorter than if you started from scratch.
Traditional self-storage involves the brick-and-mortar, self-serve storefronts we all know and love. Many new franchisees are not accustomed to marketing a business effectively, and therefore aren’t familiar with costs associated with creating good campaigns to announce the business.
Assess all the costs so you can plan your business appropriately and maximize your chance of success.
With over fifty thousand self storage establishments in the United States, the number is still growing. In general, according to Mako Steel, you can expect to spend about $1.25 per square foot of land you buy, and your land should make up about 25 to 30 percent of your development costs. The Self Storage Association reports that currently, 32% of storage units are in urban areas, 52% are in suburban areas, and 16% are in rural areas.
Mako Steel estimates most storage units charge the same amount of rent per square foot as the area's average apartment does.
Climate controlled units keep temperatures from dropping below 55 degrees or rising to more than 80 degrees, and while they cost more to build and operate, they can attract more customers. While more than half of other real estate investments fail, storage units have a 92% success rate. No matter what kind of storage business you want or where you want it, the information above can help you prepare so you know exactly what costs you'll encounter along the way. UNITS Franchise Group was established in 2005 and is one of the nations leading opportunities in today’s Franchise Marketplace providing portable self storage franchise opportunities.
As the top portable self storage franchise opportunity, we invite you to learn more about this exciting endeavor by exploring the many pages of helpful information on this website, or by calling 843-214-2958. Overall, Moody's believes the portable moving and storage idea is an efficient and useful market concept with above GDP growth potential. Contact the commercial zoning office in your area to determine the maximum size of your storage facility. A franchise gives you the power of the parent company’s brand and the reputation it has developed with other outlets. If you are buying an existing business, franchising is still an advantage because the training and support you get from the franchise company gets you up to speed faster compared to learning the business on your own.

An emerging and fast-growing segment is portable self-storage. In this case, a container is delivered to the customer’s home or business, they load it, and you haul it off to the facility. Mako Steel estimates the most high-end self storage facilities have somewhere between 60,000 and 80,000 rentable square feet, and costs $45 to $65 on construction per square foot. For example, Zippy Shell, a storage company that offers franchises, requires an up-front fee of $60,000 plus royalties from every rental.
Mako Steel suggests the most successful storage units have between 83 and 93 percent occupancy rates, but states storage businesses can succeed with occupancy rates as low as 70 percent. To gain accurate information, it is best to hire a professional consultant to evaluate the area's untapped potential and the need for self storage in the area where you plan to build.
The Moving and Portable Storage Container industry is set to outpace the traditional stand alone storage facilities over the next few years.
Throughout the past 11 years UNITS® has forged a proven operating system designed to help our franchisees dominate market share over and above PODS and 1800PackRat.
While you do not need experience in working in a mini storage facility, experience in customer service and business management may help. Create large signs to promote storage unit sales and send out fliers to existing customers to increase referrals. A smart franchisee will create a self-storage business plan, calling on the franchise company’s expertise to anticipate issues, roadblocks and possible threats before they happen. Keep in mind you will also only use about 45% of the land purchased for your storage unit, so the cost of land can also be looked at as $6.82 per leasable square foot.
Another franchise option, Big Box Storage, sells franchises for $45,000 but does not state they require royalty payments. UNITS® Moving and Portable Storage Company owners have complete flexibility on pricing, customer relations and more, which is why UNITS® is such a successful franchise. Start a mini storage business by purchasing an existing facility, buying into a storage franchise or building a new facility in a convenient location for customers. Create a website that include hours of operation, storage unit sizes and monthly fees, payment and contact information.
However, there may be costs associated with starting a profitable self storage business that you aren't expecting. Franchise fees will vary from company to company, as will royalty fees, so it is best to contact the company directly to determine exactly what is required to open one of their businesses in your area. Become a part of this David and Goliath story and reap the benefits and returns of a portable self storage franchise. A franchise company will have already tested out major marketing avenues such as print and broadcast ads, fliers, pay-per-click advertising, and SEO.
At UNITS®, we take great pride in making sure that our franchisees feel like part of the UNITS® community—and we make sure that you’re treated that way, too.

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