Franchise FAQ

is pods a franchise

by Zachariah Wuckert Published 2 years ago Updated 1 year ago
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Why choose a pods franchise?

PODS breaks through traditional mini storage barriers and penetrates into conventional mini storage markets. PODS franchises are able to service a market within a 25 mile radius from the warehouse. Since PODS offers delivery to the warehouse, expensive, high profile real estate is not necessary.

What does pods mean?

PODS - Portable On Demand Storage. Franchise. PODS is the originator of the portable moving and storage industry and was founded in Clearwater, Florida in 1998.With PODS, moving and storage is more convenient because they do all of the driving; the customer doesn’t need to make multiple trips back and forth to a storage facility.

What is the history of pods?

PODS was founded in Clearwater, Florida in 1998 in order to make moving and storage less stressful. The innovative solution of delivering the container instead of delivering the stuff, instantly took hold and PODS has never looked back. Find other similar franchises!

What is the pods business model and how does it work?

PODS currently has plans to aggressively pursue expansion around the world and is looking for entrepreneurial individuals to collectively attain their goals. PODS offers two business models, Storage and Moving. With Storage, customers load their unit and its stored at their house or at alocal facility.

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How much does it cost to start a pod?

Ongoing Fees - In the United States, the total investment to start the PODS moving & storage is around $1, 2 to $2 million.

Is PODS Public or private?

PrivatePODS (company)TypePrivateArea servedUnited States, Canada, Australia, United KingdomKey peopleKathryn V. Marinello (President and CEO)OwnerOntario Teachers' Pension PlanWebsitewww.pods.com4 more rows

Who bought PODS?

PODS Company History Timeline In 2005, PODS grossed over $200 million in revenue, and was still privately owned. In February 2007, PODS was acquired by Bahrain-based investment firm Arcapita for $451.4 million.

How long has PODS been in business?

In 1998, PODS pioneered portable storage, introducing the world to a brand new, flexible way to move and store. Now an industry leader, PODS provides residential and commercial services in 46 U.S. states, Canada, Australia, and the UK.

Who are PODS competitors?

The companies we're comparing to PODS® can all be found in the United States and provide similar services:U-Pack® ReloCube®U-Haul U-Box®SMARTBOX®1-800-Pack-Rat®COWs®

How much did PODS sell for?

Warhurst, who sold PODS in 2007 for $430 million, has mostly self-financed Red Rover. He is the largest shareholder and holds the only voting share although his management team is vested as are some friends and family. “I wouldn't have come out of retirement,” he said, “if I didn't think this was a home run.”

How much did Pete Warhurst sell PODS for?

$430 millionWarhurst founded PODS, the portable storage behemoth that upended the self-storage and moving industry and grew into a multinational powerhouse. He ran it for 10 years and sold it in 2007 for $430 million to a private equity firm.

Where is the headquarters of PODS?

Clearwater, FLPODS / Headquarters

When was PODS founded?

November 10, 1998PODS / FoundedPODS was established in 1998 by Pete Warhurst who sought to bring storage directly to the customer. Designing and building the first portable container prototypes, Warhurst disrupted the moving and storage industry with his revolutionary idea.

Is pod a good company?

PODS is No. 8 in our rating of the Best Moving Companies of 2022. PODS, which stands for Portable On Demand Storage, claims to have pioneered portable storage in 1998. With PODS, consumers have a choice beyond renting a truck and moving on their own, or hiring a moving company to do all the work.

Is it cheaper to use PODS or a moving company?

Historically, PODS cost less than hiring a professional moving company because you aren't paying for the quality labor required to pack and load the contents of a home. However, we recommend getting a free in-home or virtual estimate from a professional moving company for comparison.

Is using PODS a good way to move?

Few companies get better customer reviews PODS has the second-highest customer reviews in the moving container business. Our analysis of over 16,000 reviews from five different companies reveals that customers prefer PODS over virtually every container company.

Is pod a good company?

PODS is No. 8 in our rating of the Best Moving Companies of 2022. PODS, which stands for Portable On Demand Storage, claims to have pioneered portable storage in 1998. With PODS, consumers have a choice beyond renting a truck and moving on their own, or hiring a moving company to do all the work.

Which is better a pod or a uhaul?

PODS vs U-Haul: Which is better If cost is the most important factor for you, going with a fully DIY move by renting a moving truck like U-Haul is better, since it's almost always cheaper than a container company. If you don't want to drive or tow anything a container company like PODS is better.

Is it cheaper to use PODS or a moving company?

Historically, PODS cost less than hiring a professional moving company because you aren't paying for the quality labor required to pack and load the contents of a home. However, we recommend getting a free in-home or virtual estimate from a professional moving company for comparison.

How much did Pete Warhurst sell PODS for?

$430 millionWarhurst founded PODS, the portable storage behemoth that upended the self-storage and moving industry and grew into a multinational powerhouse. He ran it for 10 years and sold it in 2007 for $430 million to a private equity firm.

How long is the PODS training?

We provide you with tools and resources, including a 2-week training course. Our Training Support Staff provides continuous educational programs. You will receive the PODS® Franchise Operations Manual to assist you with day-to-day operations including, support from a field representative, ongoing purchasing services, inventory management and technical assistance. We will provide guidance and resources for your promotional, operational and other business needs. The Franchise Agreement provides an area of protection. The area consists of at least 400,000 or greater population. Containers and lifts are required to be purchased from us. Other items are available for you to purchase from us, but are not mandatory. Combined efforts increase our purchasing power.

How long does it take to get a PODS container?

Relax - Take your time: PODS brand containers can be available within 24 hours. Then you decide how long you want to take; it doesn’t have to happen in one day. Depending on local ordinances, you can take up to 30 days.

How long does it take to move a pod?

PODS makes moving easier and Less Stressful. Relax - Take your time: PODS brand containers can be available within 24 hours. Then you decide how long you want to take; it doesn’t have to happen in one day. Depending on local ordinances, you can take up to 30 days.

How far away can you store a PODS?

Traditional mini storage facilities can be limited to a five to seven mile radius for potential service and are usually built only after completing time and feasibility studies. Also, this process requires costly permit fees. PODS breaks through traditional mini storage barriers and penetrates into conventional mini storage markets. PODS franchises are able to service a market within a 25 mile radius from the warehouse. Since PODS offers delivery to the warehouse, expensive, high profile real estate is not necessary. PODS units are stackable, so you can maximize your space by three times the traditional warehouse potential. It all adds up to more money to the bottom line.

What is a franchise agreement?

The Franchise Agreement provides an area of protection. The area consists of at least 400,000 or greater population. Containers and lifts are required to be purchased from us. Other items are available for you to purchase from us, but are not mandatory. Combined efforts increase our purchasing power.

What is the plan of pods?

PODS currently has plans to aggressively pursue expansion around the world and is looking for entrepreneurial individuals to collectively attain their goals.

Where is the pod?

PODS is the originator of the portable moving and storage industry and was founded in Clearwater, Florida in 1998.With PODS, moving and storage is more convenient because they do all of the driving; the customer doesn’t need to make multiple trips back and forth to a storage facility.

When did pods start?

In 1998, PODS pioneered portable storage, introducing the world to a brand new, flexible way to move and store. Now an industry leader, PODS provides residential and commercial services in 46 U.S. states, Canada, Australia, and the UK.

Is PODS the same as people?

Like people, no two moves are the same. That’s what motivates PODS to provide a variety of customized, flexible storage and moving options for every customer. This pioneering spirit has always been a part of our company fabric.

Is PODS open?

PODS is open and committed to your safety. Learn more about our COVID-19 response.

How many franchisees can you call on a pod?

When you are allowed to call PODS franchisees make sure you speak to at least five to eight franchisees. You will find that most PODS franchisees will be honest and unbiased about PODS. If you would like more information on how to dissect a PODS FDD consider the following resources:

Is it possible to become a pods franchisee?

Becoming a PODS franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a PODS franchisee might be financially rewarding.

Do you have to conduct due diligence to own a PODS franchise?

You must conduct smart due diligence and determine from a business perspective whether owning a PODS franchise is right for you.

Can you own a pods franchise?

Make sure that owning a PODS franchise fits in with both your skills and life style objectives. If you don’t want to work evening and weekends, don’t purchase an ice cream shop. If you’re an introvert, don’t buy a franchisee that requires you to be extroverted.

Is being emotionally attached to the idea of becoming a franchisee a state of mind?

Being emotionally attached to the idea of becoming a PODS franchisee is not a state of mind in which you can effectively evaluate an opportunity.

Does a PODS Franchise Make Money?

A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a PODS franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.

When did pods start?

We started out in 1998 as a portable storage company, so our roots in storage run deep. PODS brings the storage to you, so you don't have to worry about the hassle of driving, and you can store your container in your driveway or at one of our private, secure facilities. We're here to help you, every step of the way.

Is PODS open?

PODS is open and committed to your safety. Learn more about our COVID-19 response.

Does PODS have container fleets?

PODS is constantly upgrading its container fleet and container sizes may vary slightly from one model to another.

Do pods deliver?

We deliver your container, and to ensure your safety, PODS is a contactless service so you don't need to meet your driver. Take your time loading on your schedule, right in your driveway. If you want help, your PODS personal moving and storage team will connect you with local packing and loading companies.

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