Franchise Talk

GarageTown USA Successful Garage Condo Trend Through Franchising

October 13th, 2008 | Author: Jack

GarageTown USA began offering franchises of its successful garage “condo” business model last month under the newly formed GarageTown USA Franchise Services LLC (GTFS). For the past several years, GarageTown USA has offered individuals the opportunity to “purchase” personal, over-sized Storage units, commonly referred to as “garage condos.” Currently, there are about 19 GarageTown developments located in six states, including Idaho, Colorado, Washington, Alaska, Texas and Arizona. According to GarageTown Franchise Services Assistant Vice-President Cameron Barclift, “In the short time since receiving the approval to franchise GarageTowns, the phone hasn’t stopped ringing with inquiries from most every major market in the United States.”

The Self Storage Association estimates the self storage industry represents $20 billion in annual revenues. “Garage condo storage is where mini-storage was about 25 to 30 years ago,” notes Mike Ard, of GarageTown’s Colorado operation. “GarageTown is on the leading edge of this next generation of self storage, and now we are providing the opportunity for others to develop in-demand garage condo sites in their neighborhoods.”

GarageTown USA delivers a unique alternative to renting storage space. Instead, investors become owners of secure, enclosed units which average over 1,000 feet of usable space while reaping the same tax benefits as home or property ownership. Read more.

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