Storage Authority

Self storage
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Franchise 500 2023
2023 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$5M - $7M
Units as of 2017
2 Increase 0.0% over 3 years

Company Overview

About Storage Authority

Industry Services (Other)
Related Categories Miscellaneous Services
Founded 2014
Leadership Marc Goodin, Founder and CEO
Corporate Address 677 N. Washington Blvd.
Sarasota, FL 34236
Social Facebook, Twitter

Business Overview

Franchising Since 2015 (8 years)
# of employees at HQ 3
# of Units 2 (as of 2017)

Information for Franchisees

Here's what you need to know if you're interested in opening a Storage Authority franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$35,000
Initial Investment Information Circle
$5,000,000 - $7,000,000
Net Worth Requirement Information Circle
$900,000
Cash Requirement Information Circle
$750,000
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
2.5%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Storage Authority has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 2 days
Classroom Training 1 day
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Marketing Support
Co-op Advertising
Ad Templates

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 2
Are exclusive territories available? Information Circle
Yes
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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022