Storage Authority Franchise FDD, Profits & Costs (2025)
Storage Authority is a U.S. self-storage franchise brand that enables entrepreneurs to develop and operate their own professionally designed storage facilities. Launched in 2016 by industry veterans Marc Goodin and Garrett Byrd, the company runs its main operations and franchise support services from Sarasota, Florida.
Two years after its founding, in 2018, the brand opened its concept to franchisees and began expanding its network. The franchise focuses on providing storage solutions through facilities that offer a range of unit types and sizes, all operated under the Storage Authority brand.
Its concept appeals to real estate investors and business owners looking for a scalable, recession-resistant model backed by consistent demand in the storage sector.
A key part of Storage Authority’s value proposition is its comprehensive, step-by-step support system that assists franchisees from initial planning to full operation. The brand combines personalized customer service with modern technology, offering features such as automated rentals, online payments, and efficient digital marketing tools.
Initial Investment
How much does it cost to start a Storage Authority franchise? It costs on average between $298,000 – $9,800,000 to start a Storage Authority franchised business.
This includes costs related to land acquisition, facility construction, site development, equipment, and the initial operating expenses required to open a Storage Authority location. The exact investment varies based on several factors, including the size of the storage facility, the local market, and whether the franchisee chooses to develop new construction or convert an existing property. Storage Authority offers 2 types of franchises:
| Type of Expenditure | Amount |
|---|---|
| New Self-Storage Outlet franchise | $6,953,000 – $9,800,000 |
| Conversion of Existing Self-Storage Outlet | $298,000 – $660,000 |
We are summarizing below the main costs associated with opening a New Self-Storage Outlet franchise. For more information on costs required to start a Storage Authority franchise, refer to the Franchise Disclosure Document (Item 7).
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $69,000 – $69,000 |
| Land Acquisition Costs | $800,000 – $2,000,000 |
| Design, Testing, Market Study, Site Development & Building(s) | $5,700,000 – $7,100,000 |
| Training Travel Expenses | $6,000 – $10,000 |
| Office Equipment, Furniture, Supplies & Computer Systems | $15,000 – $30,000 |
| Initial Website and Management Software Setup Fee | $3,000 – $6,000 |
| Signage & Logo Inventory | $80,000 – $150,000 |
| Initial Inventory | $5,000 – $20,000 |
| Permits, Licenses, Insurance, Utilities & Professional Fees | $50,000 – $100,000 |
| Additional Funds and Working Capital (18 Months) | $225,000 – $315,000 |
| Total | $6,948,000 – $9,800,000 |
Franchise Disclosure Document
Frequently Asked Questions
How many Storage Authority locations are there?
As of the latest data, Storage Authority operates a total of 38 franchise locations.
What is the total investment required to open a Storage Authority franchise?
The total investment required to open a Storage Authority franchise ranges from $298,000 to $9,800,000.
What are the ongoing fees for a Storage Authority franchise?
Storage Authority charges an ongoing royalty fee of 6% of gross sales, which franchisees pay regularly to access the brand’s operational systems, support, and continuing services. In addition to the royalty, franchisees contribute 2.5% of gross sales toward the system’s marketing and advertising fund.
Who owns Storage Authority?
Storage Authority is owned by its co-founders, Marc Goodin and Garrett Byrd.
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. SharpSheets is an independent educational resource and is not affiliated with, endorsed by, or representing any franchisor mentioned on this website. Where noted, figures are taken from the franchisor’s Franchise Disclosure Document (FDD). In some cases, we may provide independent calculations or estimates based on publicly available information. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
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