By Marc Goodin
Six acres of land is often what it takes to build an 80,000-plus-square-foot self-storage. Once built & and full it is typically worth several Million plus more than cash in the project and a healthy six-figure yearly income. Hard-to-beat self-storage returns and limited owner hours.
If you want to spend ZERO time and want a great investment why not consider a partnership with a Storage Authority Franchise owner? You put in the land, they put in $1,000,000, and do all the development work to get designs and approvals and build the facility. And then they operate the facility using the proven Storage Authority systems.
The main things to be determined are whether your site is suitable for self-storage and decide what each partner's duties are and what percent ownership each partner will have based upon those duties.
Or you might decide to develop the site and own a 100% yourself and become a franchise owner to reduce your risks, and time and increase profit. Developing and managing a premier self-storage will take about 8 hours a week until you have been open a year and learned the ropes.
Here are the land requirements basics:
Six plus usable acres (For an 80,000 sf of single-story self-storage facility)
Zoned for self-storage
On a main street with easy access & and street view – 15,000 cars a day
3-mile population greater than 10,000 people.
The competitors in a 3 -5 mile radius will be full at premium rates.
If you own a property and would like to consider being a partner with a Franchise owner or becoming a franchise owner on your own, let's talk now. Please send me an email or call me – no appointment is needed:
marc@StorageAuthorityFranchise.com or 860-830-6764
Get more information on Storage Authority Franchise at www.storageauthorityfranchise.com/opportunity3
Marc Goodin is the President of Storage Authority Franchising. www.StorageAuthorityFranchise.com He owns 3 self-storages he designed, built, and manages. He has been helping others in the self-storage industry for over 30 years. He can be reached at marc@StorageAuthority.com or directly at 860-830-6764 to answer your franchising, development, marketing, sales, and operations questions. His best-selling self-storage books are available on Amazon.