Smart Box Portable Storage
SMARTBOX is a portable storage and moving concept that provides homeowners, apartment dwellers, college students, businesses, home stagers, remodelers, restoration service providers, HR managers, and do-it-yourselfers with a flexible, convenient, efficient and affordable way to move or store their belongings for 1 day or for 1 year or more. Customers may also access their belongings 7 days a week at our facilities.
The company seeks candidates who wish to be active in the business or semi-absentee as opposed to completely absentee owners. Qualification is based primarily on the prospective franchisee’s overall business acumen, entrepreneurial spirit, marketing skills and available investment. A background in moving and storage is not required.
The list of potential franchise markets is limited to ones that possess a minimum population of 400,000 residents, although most of our defined markets are home to well over one million residents.
Background
Year Established: February 2003
Year First Franchised: July 2004
Franchised Units: 26 serving 43 markets
Company Owned Units: 0 (1 managed by corporate)
Projected New Units (12 months): 6
States/Countries Registered In: All states except Hawaii, North and South Dakota
Financial/Terms
Cash Investment: $350k-$750k-Single Unit
Total Investment: $750k-$1.5mm
Minimum Net Worth: $1.4 mm
Franchise Fee: $40k -$140k
Discounts: 10% discount on additional territories purchased beyond the initial purchase.
VetFran Program Participant: No
Royalty: 7%
Ad: 2%
Average # of Employees: 2-3
Passive Ownership Allowed: Yes (semi-absentee)
Earnings Claim: No.
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