MyWay Mobile Storage Franchise Analysis

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MyWay Mobile Storage is graded based on our most recent FDD research!

Franchise Opportunity Info

MyWay Mobile Storage is the leading provider of local self moving and portable self storage.

What are the requirements to buy a MyWay Mobile Storage franchise?

MyWay Mobile Storage has a franchise fee of up to $40,000, with a overall initial investment range of $178,800 to $755,100.

  • Initial Franchise Fee: $40,000
  • Total Investment: $178,800 to $755,100
  • Working Capital: $57,900 to $72,400
  • Royalty Fee: 3.0%

The initial investment of any franchise opportunity includes many fees. Check out this franchise opportunity to better understand the specific costs required to purchase a MyWay Mobile Storage, such as franchise fees, leasehold improvement costs, grand opening marketing, and furniture and fixtures purchases. It should be noted that, franchise companies must to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay.

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How much can I earn by owning a MyWay Mobile Storage franchised business?

As with any new franchise, the franchise owner's salary and the profits from a MyWay Mobile Storage business depends on a lot of different factors. One way to validate the potential revenues or profits earned from a MyWay Mobile Storage franchise investment is to analzye the franchisor's Item 19 within their Franchise Disclosure Document. Usually, earnings and owner's income are correspond to the size of the investment and number of locations you purchase. Demand for your products, the labor costs, commercial lease rates and a number of other variables also play a huge role in your profit margin and your personal salary

For more details and system-specific data on the profits of a MyWay Mobile Storage franchise opportunity, unlock this franchise

How many franchise outlets do they own?

As of the 2019 Franchise Disclosure Document, there are 6 franchised MyWay Mobile Storage locations across the USA.

Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.

Are there any MyWay Mobile Storage franchise opportunities in my city?

Based on 2019 FDD research, MyWay Mobile Storage has franchise locations in 6 states. There could be no locations in several states as each franchise plans their development strategy differently. Certain states require franchise companies to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to offering franchise opportunities to people residing in that state. These registration states have examiners review a franchisor's FDD to ensure it satisfies state regulatory conditions. In addition to registration states, some other states have enacted supplemental franchise or business opportunity laws that mandate franchise companies to file their franchise within the state. In almost all instances the filing is a notice within the state. Unlike franchise registration states, the franchise filing states do not examine the FDD.

CO
MD
MI
MO
PA
UT

Based on the data collected this franchise is expanding into new regions and might be available near you.

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Last Reviewed: 2019

Sector: Real Estate

Category: Storage & Facilities

MyWay Mobile Storage Franchise INFORMATION

Total Investment
$178,800 - $755,100
Franchise Fee
$40,000
Franchise agreement
Initial Term
20 Years
Renewal Term
10 Years
Franchise outlet growth
2014
7
2018
6
Ongoing fees
Royalty
3.0%
ad fees
2.0%
# of franchised outlets
6

FAQS

Does this opportunity provide any initial training and opening assistance?

Yes, they have an initial training program of 80 hours. This includes 37 hours of classroom training, 43 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.


Online 0
On-the-Job 43
Classroom 37
Total 80

Does this opportunity offer Territory Protections?

MyWay Mobile Storage offers territory protections. For an explanation of territory rights, unlock this franchise for important details.

Do they have marketing and technology support in place?

Yes, MyWay Mobile Storage offers comprehensive support for franchisees. Unlock this franchise to find out more.


When did they begin franchising?

They began franchising in 2009. The average Storage & Facilities franchise began franchising in 2008.


Do they offer financing options?

No, but you can click here to fill out our affordability calculator and understand your financing options.

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