Big Box Storage Franchise Startup Cost, Revenue and Profit Margin
Big box storage incorporation is a storage service company.
Those who patronize the company do it conveniently because they do not have to leave their homes or places of work. All a customer has to do is place an order, and the big box stores will send a container to the address given to them.
On the arrival of the box, the customer, sometimes with the assistance of the workers, load their goods into the container and when this is done, the company picks up the now loaded container and stores it in any one of the secure facilities owned by the big box storage company. Customers always have access to their goods while in the custody of the company. Big box storage also has shipping services for people moving long distances.
In the year 2003, big-box storage started as a small storage rental facility in San Diego, California, intending to provide portable storage solutions for people. Over the years, the citizens embraced the services offered by the company and this led to a spread; big box storage now has many branches throughout the United States.
The company has been growing so fast that they now have franchises added to their already numerous facilities. Big box storage started franchising in the year 2006, the company is this successful because they have capitalized on the opportunities in the storage industry and combined it with the growing demand for their services.
The purpose of the big box storage franchising program is to partner with entrepreneurs to expand the company’s portable storage services to every corner of the United States.
Entrepreneur magazine has named the big box storage franchise incorporation among the top 500 franchise programs in the United States.
To have a franchise with big-box stores, you need a location with a population of not less than 500,000 people.
BIG BOX STORAGE FRANCHISE FINANCIAL REQUIREMENTS
If you are interested in owning a big box storage franchise, you need to have it in mind that a lot of money is involved, and though no experience is needed, you are expected to be skilled in communications and business management.
Opening a big box storage franchise will require the following;
A franchisee has to make an initial investment of $70,000. This makes up for the initial investment fee, franchise fee, license, capital and beginner requirements.
Net worth Requirement
Before opening a big box storage franchise, you must have a minimum net worth of $1000,000 without including your liabilities.
Liquid Cash Requirement
Before you qualify to be a franchisee of big-box stores, you need a minimum liquid capital of $500,000.
Initial Franchise Fee
This fee is based on the population of the place you have decided to do your business and usually ranges from $45,000 to $70,000. This payment gives you the right to use a big box storage franchise’s system of business, the company trademark, and the brand name.
Big box storage franchise does not offer absentee ownership and requires their franchisees to pay a 6% franchise royalty fee.
The big-box storage franchise will make the best freelancers available to you, they will give you professional advice and guide you on the most appropriate, low costing and less time-consuming method to use in launching your business. These freelancers will also help you with the requirements for your state licensing and give you any legal back up needed.
BIG BOX STORAGE FRANCHISE TRAINING AND SUPPORT PROGRAM
The company assists its franchisees to be successful through their training program.
- Big box storage franchise holds a ten days initial training program at the headquarters in San Diego, California.
- They teach marketing to you and your staff
- They train you with the company facility
- The company assists you with selection if your site
- Big box storage franchise gives ten days training on your business site
- They give manuals to you and your staff
- They assist you in buying the equipment you will need for your business.
- You have access to the company’s Intranet
BIG BOX STORAGE FRANCHISE FINANCIAL ASSISTANCE
Big box storage franchise offers third party financial assistance to franchisees when it is needed.
MARKETING AND ADVERTISING
Big box storage marketing and advertising techniques are seen in their successful business record. The use of the media (printed and electronic) and the corporate website are the main avenues of advertising.
BIG BOX STORAGE FRANCHISE TRAINING
The company offers franchisees the freedom to use their official facilities for training, there are periodic on-site checks, manuals are given to both you and your staff and a personal big box storage representative is assigned to your facility.
BIG BOX STORAGE FRANCHISE TERMS OF AGREEMENT AND RENEWAL
The agreement carries a 20 years’ term which is renewable in ten-year increments.
HOW TO OPEN A BIG BOX STORAGE FRANCHISE
If you have made up your mind to own a big box storage franchise, fill the form on their website and the company will get back to you.
Big box storage Inc. has been operating as a subsidiary of SmartBox Portable Self Storage LLC since the 7th of January, 2009.