There are more SELF-STORAGE facilities in the United States than McDonalds and Subway locations combined – and more are needed to meet growing demand.
SELF-STORAGE is now a $39 billion per year industry – and projected to grow more than $1 billion per year for the next 10 years.
Demand for SELF-STORAGE is strong – driven by such factors as divorce, death, downsizing, and relocation plus by growth in population, the number of renters, and household size.
SELF-STORAGE is recession-resistant– when the economy is strong, people buy more things and when the economy is weak, people downsize, preferring to store their things rather than get rid of them.
Unlike many business sectors, SELF-STORAGE is less price sensitive to price increases – once consumers become tenants, they want to avoid moving their possessions, so they do little or no comparison shopping.
1 in 10 American families currently rents a SELF-STORAGE unit – that’s up from 1 in 17 reported in 1995, making SELF-STORAGE a huge untapped market.
Competition is limited and fragmented – of the approximately 52,000 SELF-STORAGE properties nationwide, only 10% to 12% are owned by large operators, while more than 85% are owned by “Mom and Pop” entrepreneurs.
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 727-946-0745
Get more information on Storage Authority Franchise at www.storageauthorityfranchise.com
This article was orginally posted on the Storage Authority Franchise Blog
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.