We have you covered with Morrow Hill!
We start by understanding you, your goals and your finances. Unfortunately most people and brokers start by looking on Loopnet. Big mistake, as Loopnet is where we find about 10% off our self storage sites. If thats your plan or your brokers plan it could take you several months if not longer to find the right parcel for you.
Next we provided 30 minute driving maps from your home or from the center of where the you want your facility. This map will also show the existing self storage facilities and the area road network. An areal view will also help you understand the population density. From this you can start to understand the existing self storage density along with changes to the population density.
We then typically choose an existing facility and draw a 1 & 3 mile radius. This in turn allows you to understand the general size of the compitition impact area.
As a side note many people look at the above map of Sarasota FL Area or their home town and think all the good places are gone. I have to laugh because many great successful self storages will be built this Sarasota FL area in the next couple of years. Until you compare the population density to the existing square footage of self storage you can not generalize. Here is the same 30 minute driving time map for Houston TX. See a much higher density of self storage? We have a new Storage Authority just about to start construction in Houston and expect many many more.
The next step is choosing a broker and educating them on self storage. This can take time. The Storage Authority Dynamic Ease Development Series has multiple sections to help you and your brokers find land. And of course we are there every step of the way as well. I hate to say it but many of our franchisees have told us they often do not even get call backs from agents for days.
To reduce the time to find land we have added Morrow Hill as our preferred national brokers. They understand Franchisees, Storage Authority and know how to find land.
If you have a great commercial land broker thats great just make sure they have the land requirements and work sheets from our Dynamic Ease Development Series and have the expertise to use all the tools required to find land fast. One of the many questions I would ask is, excluding loopnet how would you help us land.
The second pit fall in finding land is understanding if you need 5 acres of land, that any 5 acre parcel may not meet your needs for so may reasons and takes substantial investigation. This is because there are so many things that can reduce the usable area including wetlands, flood planes, easements, deed restrictions, utilities, zoning, stormwater detention, endangered species, topography, and even neighbors. And of course the 3 mile population density and amount of existing self storage in 3 miles , traffic counts, visibility, access, pricing are critical in the decision making process.. As a civil engineer and site plan designer for 30 years I learned site development in the trenches and am ready to share them with you and your team. Of course in many respects I am a part of the Morrow Hill team because we started by sharing our ideas on land and we will continue to so.
If you have questions about Storage Authority Franchising or finding land for your next self storage project give us a call. You can also sign up for our news letter and get our white paper on finding land.
Marc Goodin 860-830-6764
This is a great question? If self storage is so good why isn’t everyone developing self storage? If being rich (vs poor) is a good idea why isn’t every one rich? For starters not everyone is prepared to do the work or take the risks either one would take. And for many they simple have other goals.
Here is a slide show from a recent presentation we did for a large franchise consulting group. It is clear most individuals will not build self storage on their own for one or two reasons. One they do not have the money required. (often $400K) or they do not know how to get past the Road Blocks and Minefields. But now for the first time the is a path to get past the Road Blocks and Minefields.
Where Else can you get help on all 4 main items it takes to get develop and operate you self storage Business?
Why not you? Why not now?
Ready to start your own Self Storage give us a call or get pre qualified by applying on line.
Marc Goodin 860-830-6764
Now is one of the best times ever to join the self-storage industry. I hope you have a minute to read a little about my self storage story and Storage Authority. I became a self storage expert by learning in the trenches. As a professional engineer I designed my first self storage over 30 years ago and many more since then, including 3 personal self storages I designed, built, own and manage.
GP & I relaxing on the concrete slab of one of our self storage buildings.
I have helped many people get started in Self Storage. Quickly I learned everyone was asking the same questions over and over so I wrote a couple of self storage books, to help with some of the common questions and sold thousands. But only 1 in over a thousand readers ever got started. For most there were too many unknowns.
My book covers many of the basics but there is nothing compared to having Storage Authority on your Team.
One day a hotel franchise expert, Scott House, gave me a call. He had searched everywhere to find someone to help his hotel and apartment clients get started in self storage, where they would make much better returns. He could not find anyone until he read my books and decided to call me. I agreed to help. After about 2 months he was amazed at how complex it was to get started and how each project is both similar and unique and suggested we develop a self storage franchise. And Storage Authority Franchising was created, the only self storage franchise in the US. Scott got so excited about self storage and Storage Authority that he is presently building his first personal self storage in FL
This is the first draft elevation of Scotts office. The place is going to be beautiful.
Getting started with Storage Authority is easy and the best way to ensure your success in the self-storage industry. You will benefit from our many years’ of experience as we advise and assist you in all phases of self storage ownership, from land acquisition, design, construction, marketing, operations, sales and on-going support. We not only eliminate the need for a costly learning curve but provide your business with the latest technology, operating systems, marketing strategies and ongoing training that will not only allow you to compete in your market but dominate!
Many franchisees want to take advantage of additional profits by building their own self storage vs. buying an existing self storage. This route also allows many new franchisees to get started with $400K liquid cash equity, less than half the typical cash capital investment.
It is a complex maze between finding the right parcel of land, banking, design, obtaining regulatory approvals, construction, and pre-opening marketing and preparations with minefields, delays and cost overruns at every turn. Storage Authority is the Solution. We have learned self storage in the trenches and are ready to help you jump over the minefields.
You don’t want to be feeling like this guy! And that is why we have your covered!
We have created the Storage Authority proprietary “Dynamic Ease Development Series” Finding Land Through Pre-Opening Tasks. This step by step process along with our one on one expert guidance helps our franchisees throughout the land discovery and development phases, get started faster, go around the minefields, save money and be ready to open with a modern, premium facility with clients at the door waiting to move in day one.
We look forward to explaining more about how this optional premium development service will help you build your state of the art facility for less money and in less time, with confidence. The great news is we are waiving the $50,000 fee for this premium service for franchises awarded in the next 2 months.
I would love to sit down over a cup of coffee and tell you the rest of the story. Send me an email and I would be delighted to meet you in Sarasota FL
To Your Success!
Ps Don’t forget to sign up for our free news letter on our website. Every month you get the latest Self Storage news and tips you can use. www.storageauthorityfranchise.com
Many franchisees want to take advantage of additional profits by building their own self storage vs. buying an existing self storage. This route also allows new franchisees to get started with less than half the cash capitol investment. The problem is they do not know how to started.
It can be a complex maze between finding the right parcel of land, banking, site plan design building design, obtaining multiple regulatory approvals, construction and pre opening marketing and preparations, with minefields, delays and cost overruns at every turn. Marc Goodin, our founder, has learned self storage by being in the trenches and is ready to help you jump over the minefields. He is a professional engineer who designed his first self storage over 30 years ago and many more since then, including 3 personal self storages he designed, built, owns and manages.
We have created the Storage Authority proprietary “Dynamic Ease Development Series” Finding Land Through Pre-Opening Tasks. This system along with our one on one guidance helps our franchisees get started faster, go around the minefields, save money and be ready to open with a modern premium facility, ready to rent up. Our Strategic Development Systems consists of an integrated step by step process where our expertise provides guidance and support throughout the land discovery and development phases.
Here is a partial list of items covered in our dynamic Ease Development Series.
Chapter 1 Introduction
A Building Your High Performance Team
B First 30 Days
C Development flow charts
D Chapter 1 Worksheets
Think Retail $17.95 on sale for just $12.99 and sell more locks than your competition sells at $9.99.
Chapter 2 Land
A The Basics of a Good Location
B Typical Basic Land Requirements
C Hiring a Quality Broker to Assist You with Finding Land
D Additional Ways to Find Land
E Initial Land Review Prior to An Offer or Feasibility Study
F Making the Offer & Due Diligence
G Feasibility Study
H Chapter 2 Worksheets
Chapter 3 Purchasing an Existing Self-Storage Facility
A Seven Primary Steps of a Real Estate Transaction.
B Investigating an Existing Facility
Chapter 4 Banking/Lending
A Loan Options
B Loan Considerations
C Often Over Looked Expenses
D Chapter 4 Worksheets
Chapter 5 Design & Regulatory Approvals
A Finding Design Consultants
B Site Plan Design
C Regulatory Meetings
D Building Design
E Security Design
F Video Surveillance Design
G Chapter 5 Worksheets
Chapter 6 Bidding and Construction
A Finding a Contractor
B Construction Specifications & Bidding
C Construction Review
Chapter 7 Pre-Opening Preparations
A 120 Prior to Opening
B 30 Days Prior to Opening
C Pre Opening Marketing
D Chapter 7 Worksheets:
You may even have experience in some or many or these items but you will be surprised how many items are just different in the self storage world and because of that our assistance will make a huge difference. For example you may have a good relationship with your bank and getting a bank loan may not be a huge concern but there are a couple of standard bank loan clauses such as requiring a Debt Coverage Service Ratio ( DCSR) of 1.3 in the loan. This could be risky as self storage start empty and may not meet this prevision in the beginning. But even a good loan request presentation will make you look very professional and experienced in self storage and this along with the Storage Authority Franchise program you may get you a better loan.
Our well timed reminders and explanations will often save you money and give you the proper time for coordination which means fewer delays. You may have many of them on your check list like, wetlands delineations, maximum impervious surface zoning check, sight line check, soil borings, existing water service pressure test for sprinklers, site sign design, photos & reports for regulatory meetings etc. etc, etc, it easy to forget one or two or several get the wrong results or over pay if a clear explanation is not provided. Just for your engineers we provide over several dozen items for them that are often overlooked and typically multiple dozens more as we review their plans. And of course the better your plans are the more accurate your constructions bids will be with fewer problems and cost overruns.
One major area we provide detailed guidance on is your site layout. Often this saves multiple weeks in the process and gets you a better layout and even more square footage.
The best way to learn more about our proprietary “Dynamic Ease Development Series” Finding Land Through Pre-Opening Tasks and our various systems and platforms is to complete our online application to become prequalified for a franchise as soon as possible and start discussions with your franchise director. We look forward to explaining more about how this optional development service will help you build your premium facility for less money and in less time with confidence.
We are ready and excited to help you succeed!
And while your questions may intialy be about development soon your questions will be open and sales, marketing and operation. The good news is we are ready to help you Crush Your Competition!
You Can Do it!
By Garrett Byrd
There are many things that often go wrong during the development and construction of a self-storage facility. Franchising helps to avoid the pitfalls trusting in the expertise and guidance of the franchisor. Marc Goodin (President of Storage Authority) is a civil engineer at trade and has been designing and building self storage facilities the last 25 years, that’s experience you can trust in. Storage Authority helps and assists the franchisee examine some of the key difficulties that often go unpredicted by owners and developers, that often create significant cost overruns, lengthy delays and even project shut downs that could have been avoided with the proper research, planning, and design. The most overlooked disasters occur because of poor or incomplete investigations or lack of understanding of the following categories:
1 Initial investigations
2 Environmental issue
4 State Department of Transportation (DOT)
5 Site Plan & Architectural Design
Keep an eye out for Marc’s latest article in the September 2017 issue of Inside Self Storage; he is giving tips to developers on avoiding development disasters. With Storage Authority franchising you get the guidance and expertise first hand.
If you haven’t already, here is a link to subscribe to Inside Self Storage.
Storage Authority Franchising is about owning your own hometown self storage business. And having the professional systems and knowledge to assist and guide you. We like to say You are in business for yourself but not by yourself. If you are thinking about self storage you owe it to yourself to contact Garrett Byrd at 941-928-1354 or Garrett@StorageAuthority.com to learn more about the Storage Authority Franchise opportunity.