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Entrepreneur: Start & Grow Your Business

Smartbox Portable Self Storage

Portable storage units & moving services

Background

Founded: 2003 Franchising since: 2004
2100 Dabney Rd.
Richmond, Virginia 23230
Phone:
(804)282-9944


Franchisor is a privately-held company with 12 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 18 0 0 0
2007 17 0 0 0
2006 8 0 0 0
2005 6 0 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Minimum population of 200K based on contiguous zip codes

Costs and Fees

Total investment: $374.9K-1.1M
Franchise fee: $40K-220K
Ongoing royalty fee: 7%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $1.3M
Cash liquidity requirement: $350K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • 65% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3 - 3
  • Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks
  • At franchisee's location: 1 week

Ongoing Support
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks

Other marketing support
  • TV & radio, direct mail

Rankings

Franchise 500® rank:
#446 (2009); #468 (2008);

Top New Ranking:
#49 (2009); #48 (2008);