Franchise FAQ

is public storage a franchise

by Russ Koepp Jr. Published 2 years ago Updated 1 year ago
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Below is a list of Franchise Opportunities that have been labeled as Public Storage Franchises. Mobile Attic Franchise Mobile storage Have you been searching for a great franchise business opportunity? Buying a portable self storage franchise from Mobile Attic means your success will always be a two-way street.

Public Storage is an American international self storage company headquartered in Glendale, California, that is run as a real estate investment trust (REIT). It is the largest brand of self-storage services in the US.
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Public Storage.
TypePublic company
Websitepublicstorage.com
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Full Answer

Why choose Public Storage?

Public Storage is the leading provider of storage units for your personal, business and vehicle needs with thousands of locations nationwide. We offer a wide variety of units and sizes available with no obligation and no long-term commitment.

How much does it cost to open a self storage franchise?

Storage Authority offers a franchise opportunity that focuses on consumer level self storage. The overall investment can vary depending on location and size. But the minimum upfront cost is typically around $400,000. UNITS Moving and Portable Storage

What are the best storage unit franchise opportunities in the USA?

The list of popular storage unit franchise opportunities in the USA includes plenty of different concepts. Among them are portable storage container solutions; deliveries of trailers containing storage containers to customers' homes; warehouse self-storage and moving services, etc.

How much does it cost to open a unit franchise?

UNITS Moving and Portable Storage. A moving and storage franchise business, UNITS currently has open territories in metropolitan areas across the U.S. The initial franchise fee is $55,500. And multiple-unit franchises are also available.

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How much do storage franchise owners make?

Today, the self-storage industry is a mix of large REITs (real estate investment trusts), mid-sized partnerships, and small "mom and pop" facilities. Self-storage facilities can earn an average of $361,000 to $798,800 gross per year with the states of Maryland, Arkansas and New York earning the highest number of sales.

Is owning a storage facility profitable?

Profit margin of a self-storage business According to one estimate, a self-storage facility generates a typical profit margin of 41%.

Are owning storage units a good investment?

For self-storage investors, it's a profitable, recession-proof option, with lower overhead and less hands-on management than many other commercial real estate investment opportunities. Here's what you need to know before you get started with your self-storage business.

What is the ROI on storage units?

While growth rates are projected to remain steady, the self-storage industry has a strong track record of a high return on investment for most facilities. From 2009 to 2018, self-storage facilities averaged an annual ROI of 16.9%. This number was higher than office, industrial, retail or apartments during that time.

Are storage units good passive income?

Operating expenses of a self-storage facility are about 50% less than other commercial property types such as multifamily and office. The extra net operating income that self-storage properties produce compared to other investments can generate some pretty impressive returns for the passive income investor.

How can I make money with self-storage?

There are a number of ways to earn more money with your storage facility....Vending. ... Sell Boxes and Storage Items. ... Sell Additional Services. ... Upgrade Your Storage. ... Partner with Moving Trucks. ... Advertise with Billboards. ... Advertise with Smaller Signs. ... Generate Solar Power.More items...•

How do I invest in public storage?

You can invest through real estate syndication or invest in REITs that own and manage extensive portfolios consisting of self-storage facilities. If you can raise sufficient funding, you can also buy, or possibly construct, your own facility of storage units.

Why should I invest in public storage?

Less overhead: self-storage investments generally involve no plumbing, minimal electricity, minimal insulation, and less vigilant management. Many facilities do not even entail heating or air conditioning. Operating cost and complexity tend to be much less than other real estate sectors.

Are storage units recession proof?

Self-storage is sometimes called a "recession-proof" asset class. It has a history of profitability even during the worst of times — such as in 2008, when the sector eked out positive returns of 5%, even as every other asset class suffered.

Is self-storage a good investment in 2022?

Marcus & Millichap's 2022 forecast sees self-storage vacancy rise on an annual basis for the first time since the onset of the pandemic to hit 7.25%, an increase of 60 basis points year over year.

What is a good cap rate for self-storage?

This ratio is expressed as a percentage, usually somewhere between 3 and 15 percent.

Are storage units safe?

Self-storage facility risks include rain damage, mold, and theft. Look for a well-maintained facility with climate-controlled units. Security should include digital surveillance and access codes. You can take personal measures to protect your stored belongings.

Are storage units safe?

Self-storage facility risks include rain damage, mold, and theft. Look for a well-maintained facility with climate-controlled units. Security should include digital surveillance and access codes. You can take personal measures to protect your stored belongings.

How many self-storage REITs are there?

Industry OverviewNumber of REITs5Average Dividend Yield2.68%YTD Total Return-7.92%April Total Return-6.10%2021 Total Return79.42%May 24, 2022

Is self-storage A Good Business UK?

The average self-storage price in the UK is £23.94/sq. ft., about £0.86 more expensive than the previous year. Coupled with the increase in occupancy rate, 2020 is considered to have been a profitable year for the industry. On the other hand, WhatStorage customers pay an average of £20/sq.

Units Moving and Portable Storage

A moving and storage franchise business, UNITS currently has open territories in metropolitan areas across the U.S. The initial franchise fee is $5...

Pods Portable Storage Units

PODS is another moving and storage franchise that provides large storage containers, boxes and other packing items that customers can use at their...

Smartbox Moving and Storage

Smartbox offers storage containers and moving services and has locations in states around the U.S. The initial franchise fee can vary depending on...

What is storage authority?

Storage Authority offers a franchise opportunity that focuses on consumer-level self-storage. The company offers 50+ years of self-storage and franchise experience including design, construction, operation, and ownership.

Who owns Units Moving and Storage?

UNITS Moving and Portable Storage, established by Michael McAlhany in 2004, is locally owned and operated company and currently has open territories in metropolitan areas across the U.S. Company offers solutions for any kind of space issues and eliminate the typical struggles that accompany moving to a new home or office. Multiple-unit franchises are available.

What is Universal Storage Group?

Universal Storage Group also offers a variety of management and consulting services for self storage businesses. The company offers training, development, management and more all aimed at helping storage businesses increase earnings.

Where is Big Box Storage located?

Big Box Storage is a storage and moving company based in San Diego, California. The company, which provides portable storage containers, started out with just a few company owned locations, but has since welcomed franchisees in other areas.

What is extra space storage?

Extra Space Storage offers a third party management solution for property owners looking for a trusted name to manage their business. The company provides marketing support, strategic direction, revenue management and more.

How much does Smartbox cost?

The initial franchise fee can vary depending on the size of your desired territory. But it usually starts at $40,000.

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