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YOUR ESTIMATED INITIAL INVESTMENT*
| Type of Expenditure |
Amount |
Method of Payment |
When Due |
To Whom Payment Is To Be Made |
| Franchise Fee1 |
$75,000 |
Cashier's Check |
At Signing of Franchise Agreement |
Us |
| Utility Deposits2 |
$0 - $10,000 |
As Arranged |
Before Beginning Operations |
Utilities |
| Construction3 |
$1,800,000 - $6,000,000 |
As Arranged |
Before Beginning Operations |
Contractor Suppliers |
| Initial Inventory4 |
$2,250 - $3,500 |
As Arranged |
Before Beginning Operations |
Approved Suppliers, Suppliers |
| Builder's Risk Insurance and General Insurance5 |
$7,200 - $14,400 |
As Arranged |
Before Beginning Operations |
Insurance Companies |
| Office Equipment and Supplies6 |
$2,000 - $3,500 |
As Arranged |
Before Beginning Operations |
Suppliers |
| Training7 |
$3,000 - $7,500 |
As Arranged |
During Training |
Airlines, Hotels & Restaurants |
| Signage8 |
$9,000 - $54,000 |
As Arranged |
Before Beginning Operations |
Suppliers |
| Furniture, Fixtures & Equipment9 |
$7,000 - $20,000 |
As Arranged |
Before Beginning Operations |
Suppliers |
| Computer Equipment & Software10 |
$7,500 - $17,000 |
As Arranged |
Before Beginning Operations |
Approved Suppliers |
| Security Package11 |
$80,400 - $152,300 |
As Arranged |
Before Beginning Operations |
Approved Suppliers |
| Grand Opening12 |
$7,500 - $15,000 |
As Arranged |
First 3 Months of Operation |
Advertising Suppliers |
| Promotional & Moving Truck13 |
$15,000 - $35,000 |
As Arranged |
Before Beginning Operations |
Suppliers |
| Soft Costs14 |
$85,000 - $289,000 |
As Arranged |
Before Beginning Operations |
Suppliers & Licensing Authorities |
| Dues & Subscriptions15 |
$600 - $1,500 |
As Arranged |
Before Beginning Operations |
Associations |
| Legal & Accounting16 |
$4,000 - $7,000 |
As Arranged |
Before Beginning Operations |
Attorney, Accountant |
| Additional Funds17 (approximately 3 to 5 months) |
$66,500 - $455,000 |
As Arranged |
As Necessary |
Employees, Utilities, Lessor, Suppliers |
| TOTAL18 |
$2,171,950 - $7,159,700 |
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* The above chart does not include real estate costs. These costs can vary substantially based on various factors including location and current market conditions. You should investigate all applicable real estate costs with a licensed professional.
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In 2006, self-storage revenue grew to over $22 billion, with a total market capitalization value of well over $220 billion. Innovative business models like ours are adding even more diversity to the industry, which makes owning a self-storage franchise a more profitable venture than ever before.
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