Investment Information
What It Takes to Own A Storage Franchise
While investing in a Go Mini’s franchise is capital intensive, there are financing avenues available for those who fall short of the liquidity and net worth requirements. On average, a new franchisee will finance anywhere between $500k - $800k. The Small Business Association, as well as various veterans’ and minority organizations, have programs to help, and your Go Mini’s team is prepared to assist in the research.
The total investment necessary to begin operation of a Go Mini’s franchise ranges from $759,024 – $1,247,125*, which includes:
- Initial franchise fee (begins at $85,000*, based on a territory population)
- Initial container purchase
- Secured lot (or warehouse)
- Truck
Royalty and Marketing Fees*: 8% royalty fee and 2% national marketing fee collected monthly.
Ideal franchisee profile: Net worth of $1 million, liquid capital of $100,000, owner/operator mentality, good customer service instincts, and a motivated entrepreneur who understands the importance of sales and marketing with a desire to grow their business. Read more about our ideal candidate
*See items 6 & 7 of the current Franchise Disclosure Document (FDD) for additional information here.
100% support, 0 failures
A Go Mini’s franchise stands apart for the quality and versatility of the container — more sizes, better built, better protection for customer valuables — the simplicity of the business model, and the support of the organization. Go Mini’s has never had a franchise fail, which speaks volumes to the quality of the product, the service, and the company.
| Type of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $85,000 | $85,000 |
| Fee for additional territory | $0 | $40,000 |
| Rent for 3 months and lease security deposit | $30,000 | $102,000 |
| Utility Deposits | $500 | $500 |
| Leasehold Improvements | $0 | $10,000 |
| Signage | $500 | $2,000 |
| Go Mini's Containers | $604,800 | $787,200 |
| Equipment and fixtures | $5,000 | $5,000 |
| Office and supplies | $500 | $1,000 |
| Computer hardware, software set-up fee and annual fee for credit card processing | $599 | $1,500 |
| Transport Vehicle(s) | $5,250 | $160,000 |
| Travel, Salary, Living Expenses - Training | $0 | $3,250 |
| Go Mini's Technology Fee | $675 | $675 |
| Business licenses and permits | $200 | $1,000 |
| Professional fees | $1,000 | $5,000 |
| Forming an entity | $0 | $5,000 |
| Insurance | $1,000 | $4,000 |
| Grand Opening Advertising | $6,000 | $6,000 |
| Other costs | $3,000 | $3,000 |
| Additional Funds – 3 Months | $15,000 | $25,000 |
| Total Initial Investment* | $759,024 | $1,247,125 |
