Today, people have a lot of stuff. They have too much stuff in many situations. Yet, they may not want to get rid of all of their belongings. They simply need more room. This is when a storage facility can be a very good opportunity. Generally, this type of service is a low-cost way of gaining more room to store items. And, for those who open a storage facility franchise, it can be a very affordable way to earn a steady income, especially in areas where such facilities are not available as readily.
What Are the Opportunities Here?
A storage facility franchise does have initial costs including land purchase and building securing. However, once these investments are made, there are few upgrades and maintenance costs. You generally do not have to pay a lot of employees nor does the company have a lot of ongoing expense. However, in this industry, you can expand the services you offer to provide for more of the needs of the consumer. For example, an added revenue stream may be providing moving solutions for an individual. You may help with things like an estate sale or cleanouts. This is on top of the steady revenue maintained by the storage of the items others own. Most people a monthly or annual fee to leave those items in place.
There is profit to be had in this industry and, from those who have the talent for building up the company, it can be a very good way of expanding your income. Take a look at a storage facility franchise carefully. Find out what types of services it offers as well as what types of demand there is in your area for those services. In many areas, this can be an excellent type of business to start.