Go Mini's is a portable storage container service offering delivery and pick-up for residential and commercial customers. The franchise provides convenient and flexible storage solutions.
Key Insights
- The Go Mini's emerged from a desire to simplify moving and storage needs. The business offers portable storage containers that customers can keep at their homes or businesses for as long as required, providing flexibility and convenience unmatched by traditional solutions.
- The franchise operates by delivering storage containers directly to client locations. Once filled, the containers can be moved to a new destination or stored securely at Go Mini's facilities, streamlining the entire process for individuals and businesses.
- The storage and moving industry is characterized by its essential nature and consistent demand. The franchise addresses the ongoing need for flexible solutions in both personal relocation and commercial inventory management, tapping into a vital market sector.
Franchise Fee and Costs to Open
Exploring the financial picture of Go Mini's gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $759,024 - $1,247,125, along with a franchise fee of $85,000 - $85,000.
Financial Performance and Revenue
Yearly gross sales of $229,516 and estimated earnings of $32,133 - $41,313 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 27.8-29.8 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Go Mini's provides comprehensive initial training to new franchisees. This program typically spans five days and takes place at their corporate headquarters. Go Mini's offers extensive resources covering operations, sales, and marketing. They also provide guidance on building a successful business.
Legal Considerations
Legal considerations for a Go Mini's franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may encounter considerations with local market saturation for portable storage solutions, requiring effective differentiation strategies. Navigating the operational complexity of managing inventory, scheduling deliveries and pickups, and maintaining a fleet of units demands efficient systems. Dependence on specific manufacturers for unit availability and repair parts also presents a factor to plan for.
Franchise Datasheet
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