Jul 14, 2023

10 Steps to Becoming a Storage Authority Franchisee

By Garrett Byrd

V.P of Storage Authority Franchise

Are you ready to seize the opportunity of becoming a Storage Authority franchisee and opening the doors to your very own self-storage facility? Let's explore the 10 crucial steps that will guide you on this exciting journey to entrepreneurial success.

Step One: Investigate Two Basic Questions

Begin by asking yourself two fundamental questions: Is self-storage(real estate) the right industry for you? Is franchising the right path for your entrepreneurial aspirations? By understanding your goals and aligning them with the self-storage franchise model, you can set a strong foundation for your future endeavors.

Step Two: Apply

Take the leap and apply for a Storage Authority franchise. The application process is simple, free, and non-binding. By providing initial background information, you'll enable us to better understand your objectives, situation, and options, allowing us to tailor our discussions to your specific needs.

Step Three: Engage in Informative Discussions

Once your application is reviewed and approved, we'll arrange a phone call or Zoom conference to dive deeper into the Storage Authority business opportunity. A dedicated Storage Authority Franchise Director will be assigned to you, serving as your primary contact throughout the due diligence and discovery process. Enjoy prompt, personalized service and get real answers from a real person, eliminating any long waits or transfers.

Step Four: Review the Financial Disclosure Documents (FDD)

After the initial discussions, we'll provide you with our comprehensive "Franchise Disclosure Documents and Qualification Package" prepared in compliance with Federal Trade Commission (FTC) guidelines. Take the time to thoroughly read this package, as it contains essential information about Storage Authority, our franchise systems, and the franchise agreement. This knowledge will empower you to discuss the contents with your Franchise Director in detail.

Step Five: Continual Conversations

Engage in ongoing discussions with your Franchise Director to delve into the manager-driven Storage Authority systems. Explore topics such as finding suitable land, obtaining necessary approvals, designing and constructing your facility, and financing options. From operations to sales and marketing strategies, our comprehensive conversations will equip you with the knowledge needed for a successful self-storage business.

Step Six: Financial Review

Your Franchise Director will guide you through the minimum financial recommendations and requirements based on your specific goals and finances. Whether you opt for a conventional loan or consider Small Business Administration (SBA) loans, we can introduce you to lenders experienced in self-storage financing. Explore loan options and qualification details to ensure you make informed financial decisions.

Step Seven: Sign Your Franchise Agreement

Once both parties confirm that Storage Authority is the right match for your aspirations, we'll finalize the Franchise Agreement for your electronic signature(s). Prior to signing, feel free to reach out to our existing franchisees for testimonials and insights into their experiences. Additionally, we welcome the opportunity to meet with you in person at our headquarters in Sarasota, FL.

Step Eight: Local Site Research and Selection

Collaborate closely with your Franchise Director to determine the optimal location for your self-storage facility. Beyond land acquisition, these discussions encompass team building, facility design, obtaining necessary approvals, and construction guidance. We'll provide comprehensive support throughout the process, ensuring you are equipped with our manager-driven systems, including operations, sales, and marketing.

Step Nine: Participate in Storage Authority Owner and Manager Training

To ensure your success from day one, we offer a comprehensive training program that combines classroom instruction, online learning, and textbook resources. From pre-opening preparations to operations, sales, marketing, accounting, and human resources, you'll gain the skills and knowledge required to run your self-storage business effectively.

Step Ten: Celebrate Your Opening Day

Finally, the moment arrives to channel all your energy, enthusiasm, and education into your self-storage facility. We'll guide you through a memorable ribbon-cutting ceremony that signifies the opening of your own special version of the American Dream.

Embark on this transformative journey with Storage Authority and unlock the vast potential of the self-storage industry. Follow these 10 steps, and let us be your trusted partner in building a successful self-storage business that brings both personal fulfillment and financial prosperity. Together, we'll make your entrepreneurial dreams a reality.

Then the BIG question, you can read more about here..How Profitable Is Self-Storage?

Do you want to have a 15-minute call to learn how Storage Authority helps improve the systems, sales, marketing, and profits at your existing facility? If you are building from the ground up let's also review how we help you find land and get your facility designed, approved, and built. Please send me an email or call me – no appointment is needed:

Garrett@StorageAuthority.com or 941-928-1354

If you would like to learn more and start your journey to self-storage ownership click the link here: http://www.storageauthorityfranchise.com/opportunity2

About Storage Authority Franchise: Storage Authority Franchise is a leading provider of comprehensive solutions for self-storage development and operations. With a focus on excellence and profitability, we empower franchise owners to achieve elite status in the industry as an alternative to 3rd party management. Our proven systems, expert guidance, and unrivaled support help self-storage facilities thrive and surpass all expectations.