Storage Authority® News
We have just 9 Franchises left to be awarded in 2020. We want to ensure that every new Franchisee gets the help and attention they expect and deserve. If you are seriously considering making Self Storage part of your future give us a call at 860-830-6764 Marc
Storage Authority Continues to Expand in More States.
We have awarded a new franchise in different states, every month for the last 3 months. Congrats to Scott R of Utah who just came aboard last week. Presently, we have 18 Franchise owners in 7 states.
It’s hard to believe we have our first Storage Authority Facility for sale. Storage Authority Mulberry just opened April 2019 and is already full. Check it out, but I have to warn you its for sale for a whopping $13,600,000 for a huge multi-million dollar profit.
As part of our Dynamic Ease Self Storage Development Series, we help our franchisees around the development landmines, including finding land, designing, obtaining approvals, financing and building a premier self-storage facility.
Do you know how to determine how big of a phase 1 you can build with $500K equity and a bank loan for $5 Million?
Do you know how to determine how much profits you would make for the above project?
Should you phase your self-storage?
The answers to these questions will be coming in an article that I just wrote for the Inside Self Storage, self-storage trade magazine. If you can’t wait give Marc a call at 860-830-6764. In the meantime, you should check out my article on the importance of having a detailed development checklist published in the ISS magazine. A subscription to their magazine is a must!
With our help, our franchisees find land offline 50% of the time. This often leads to finding land faster, in a better location and for a better price.
1) Start building your team as soon as you start looking for land. Your team members often will share offline locations with you to review. Consider the Town staff as part of your team and meet with them even before you have a property.
2) Drive the major roads looking for land in your area every weekend. Just because there is a for sale sign does not mean it is an online listing service. Do not assume it is not for sale just because it does not have a for sale sign
3) Give #2 a boost by using Radius Plus to know areas with the highest need for new self-storage developments are. (need help on how to do this give me a call. Marc 860-830-6764)
4) Let all your friends and family know you are looking for 5 acres to build a self-storage facility and ask for them to keep an eye out for you.
5) Help your real estate agent find land offline.
What’s holding you back? You can do it! You deserve it!
ARE YOU READY?
Bottom Line: Are You Ready to Take Control of Your Future?
The bottom line is only one in a thousand people who read this book cover to cover will build a self storage. It is just hard enough most people will not own a self storage. This is good news and why it is so profitable for those of us who will. Only 1% to 3% of the population have the mindset to develop their own business. And then fewer have the $500,000 +_ cash equity required to start a self storage. And then even fewer are ready to find land, get the project designed, approved and built- all while working at their fulltime career. And then wait 12 to 42 months to fill it up before the big profits roll in.
But you can do it. All you have to do is make a decision today. Today being the keyword. When people tell me they have been studying self storage for three years I tell them self storage is clearly not for them. If you’re a one-percenter today is the day as noted below in this out of focus chart.
The Difference Between the 1 Percent and 99 Percent is Huge. And so is the lifestyle.
Waits for the “right time” to And then starts a business.
Tries to find the perfect business.
Declares “now is the time.” works to make it the right time
Tries to find a solid business and business. Will work to make it the right
So, what is the bottom line reason for getting into self-storage?
Most businesses fail in 5 years vs. most self-storage owners are millionaires in 5 years after they open!
Self storage is the most profitable real estate investment in US.
You can keep your career and have a very successful self storage business vs you have to quit your career to start most businesses.
A good self storage system is manager driven with very few employees vs many employees and no system.
Banks will not lend you money to start most businesses vs self storage which is very loan friendly.
I retired 15 years early from my civil engineering career and now travel, go fishing, garden, follow the sun because I love to vs retiring later when I would not have the energy to enjoy.
What do you want to do?
I love to surprise my wife GP. Endless options! What do you love to do?
Another Motivation for me: I love to travel with the gang. Here we are at a “motor coach casino layover”
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Click on the coffee cup for books by Storage Authority President Marc Goodin
Storage Authority 677 N Washington Blvd. Sarasota FL 34236
Garrett Byrd Storage Authority Vice President of Franchise Development