My staff often tells me " Storage Authority Franchise prospects are a numbers person and want proof self storage works." It does not take much research to know self storage works and is super profitable.
Storage Authority Land O Lakes FL pictured above sold last Friday Nov. 12, 2021 for over $11,000,000!!!! A several million dollar profit! It was only 52,000 net rent-able square feet and open for a year and a day. That's an incredible $220 plus per sq foot! It went under contract after being open for 6 months at 60% rented. And the buyers agreed to wait 6 months to close so sellers only have to pay the lower capital gains taxes.
So does self Storage Work? It sure did work for the Storage Authority Land O Lakes team. Less than a million of their own money invested. A total investment of under 6MM and sold for a several million dollar profit.
Want more proof?
Here is a chart that provide US REIT Property Sector Performance during the Covid time frame. Wow Self Storage at the top with 71.7 percent return!!!
Want more Proof?
Storage Authority is awarding 2 new franchises a month. Two Storage Authority Facilities just opened phase 2. Two Storage Authority franchise owners just started their designs. Two new Storage Authority franchise owners are negotiating land offers on the table. Storage Authority Kissimmee, FL construction bids are coming in this week. And several are looking for land. Land O Lakes Storage Authority was not the first Storage Authority facility too sell for a several million dollar profit. It's working for these hard working entrepreneurs.
But the real question people are asking is "will it work for me" And no one can answer that question but you.
If you want to read more about what it takes to be a self storage millionaire and storage Authority call ED at 941-315-7129 for your free copy of "Self Storage, Is it your vehicle to wealth."
Get more information on Storage Authority Franchise at www.storageauthorityfranchise.com/opportunity3
Marc Goodin is President of Storage Authority Franchising. He owns 3 self storage's he designed, built and manages. He has been helping others in the self storage industry for over 25 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 at amazon.