How Much is the Initial Investment for a Self-Storage Franchise or a Portable Storage Franchise?
I think it’s important to scout around the different franchises to find out whether their way of doing business is something that suits you. Different companies have different ways of doing things, even if self storage seems like a very straightforward type of business! Actual prices would probably vary as well depending on how big the franchise chains are too so again, do your research!
I believe every franchise varies in the amount of capital required depending on various factors influencing the actual costs. You would need to check these with the storage facility itself such as the size you will be managing whether it is the entire facility or a partial franchise, the duration of the franchise agreement, and other related info.
Self Storage Franchise The initial investment for a self-storage franchise varies from company to company. In general most traditional self storage businesses do not franchise. Storage USA used to franchise, however they were bought by Extra Space Storage and now they no longer offer franchises. They do however offer a 3rd party managed site opportunity, but you will not be in business for yourself. Portable Storage Franchise Portable storage companies are much more likely to franchise due to the more complicated nature of their business. The portable storage business requires more of a systemized process than a traditional self storage franchise. The typical total capital investment is approximately $300,000 for a portable storage franchise. The average liquid capital required for portable storage franchise is $100,000. This initial investment is generally recouped within 1 or 2 years.