Competition is Low: First to market and cost of land for new competitors.
Staffing: Low staffing cost, highly trained and franchise-supported staff.
Steady Rent Prices: Tenants are not particularly price sensitive.
Long-Term Tenants: High switching costs & perceived vs. Actual length of stay.
High Fragmentation: 80% independent operators or Mom and Pops Vs. 20% REIT owned.
Large Industry: Similar to the number of Subway, McDonald’s, & Starbucks combined.
Semi-Passive Management: Storage Authority model very manager-driven system.
Ability to Meet Demand: Simplicity of phasing facility to gauge demand.
Ancillary Income: Significant opportunities.
Affordable Value-Adds: Low-cost opportunities.
Adaptability: Flexible monthly terms & easy eviction process getting the unit back to a rentable state.
The Storage Authority team is excited to guide you on your journey to becoming self-storage owners.
Is it time for you to learn more? I would be happy to have a 15-minute call and review the highlights of how Storage Authority can help make your self-storage goal a reality.
Ed Clement is a franchise director at Storage Authority. One of his passions and responsibilities is helping franchisees find land by sharing how to find land both online and offline. Ed has a strong background in real estate, investment banking, and management consulting. He is available at Ed@StorageAuthority.com or 727 946 0745 to answer your questions and share the Storage Authority Franchise opportunity.