Self Storage Franchise Ownership

[Shital Thakkar]

Hi,

Is there any Big Box Self Storage provide franchise ownership?

If Yes...

• Which franchise?
• Is it better to invest with big box franchise?
• Do they provide  construction and location recommendation?
• What is sweet spot for first investment? 

[Account Closed]

@Shital Thakkar - If I understand you correctly, the big box self storage companies you're referring to are the publicly traded REITs like Extra Space Storage, Public Storage, CubeSmart, and Uncle Bob's/Sovran/Life Storage. These companies do not franchise. Their model is typically to either own or manage the properties.

I've never heard of franchising in self storage, and probably the reason why is because branding is considered very ineffective for self storage. In other words, nobody drives 20 miles to rent at Extra Space Storage - they go to the local storage facility a half mile down the road.

It sounds like you're looking to be a hands-off owner of a storage facility in order to benefit from the returns without spending 20 years learning the business - is that an accurate assessment?