by Marc Goodin, CEO of Storage Authority, the only self storage franchise in the US.
Have you ever gone to the grocery store and asked if you could get a discount on your groceries? If you did I am certain they assumed you were a crazy person and did not give you a discount.
This is what many facilities look like if they have the lowest prices and provide move-in discounts.
Did you ever see a sign at the grocery store that said 50% off all groceries and 1 free month of groceries if you shop here for 2 months? Why is this common in self storage?
Would you have someone design a high-end home for you who mostly designs bridges and roads and has designed only 3 small houses? So why would you even consider having the same architect design your self storage?
Would you go into the boat-building business by yourself if you have no experience in the boat-building business? Why should self storage be any different.
Would you leave the unit layout mix, up to a random guess for your facility by an architect? I see this all the time and it significantly reduces the occupancy and profits.
These and many more crazy things are standard in self storage. If you want to be super successful you need to make sure they do not happen at your self storage.
Self storage was the Wild West in the 1980's- 2000. The motto was: Build it and they will come. Location and quality were an afterthought it even considered.
2000 - 2010 self storage motto was to build it in the right location and they will come
2010- 2020 self storage motto was build in the right location, be mindful of your competition, and market your facility.
Now it is a new ball game
Now you must start by Checking the; traffic count, construction costs, demand, competition operations, competition prices, site access, and street view. Now you must have a self storage land expert on your team or you risk getting burned by one land mine or another.
Now site plan design and building design must be done for high touch, high tech, and be cost efficient as well. The only way to get this required design is to have a self storage expert assist your engineer and architect.
Most self storage owners do not understand that a successful self storage facility must be in the hospitality business. And designed for both high-tech and high-touch.
Do you want to know if you qualify for a Storage Authority Franchise?
If you fill out the application on our website you will have your answer in 2-3 days.
(apply icon on our website www.Storageauthorityfranchise.com )
Or we can have a 10-minute call today and not only will you know if you qualify, you will learn the basics of what is involved in developing and operating a self-storage business.
Give me a call or let me know a couple of good times to call you. (Let me know the time zone - I am Eastern Standard Time) Or better yet let’s meet up in Sarasota, FL for a day!
Marc@storageauthority.com or 860-830-6764
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.