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How PODS Franchises Work
PODS.com is the website for Portable on Demand Storage, a moving and storage company founded in 1998. Americans looking to move interstate or within state rely on PODS , which has become synonymous with the industry. How would you like to leverage the company name? This is now possible thanks to the franchising opportunities offered by the organization which has more than 140,000 storage containers in service and a unique method of delivery and packaging. In early 2007, PODS was purchased by Arcapita for over $450 million. The company has grown in popularity since then, so one can only imagine how much it is worth today.
Is a PODS franchise a good idea?
At first glance, a PODS franchise seems like a great opportunity given its profitability and brand recognition, but it might not necessarily be the best fit for you. It is your responsibility to do your due diligence and decide if investing in a PODS franchise is a potentially lucrative business. PODS.com offers a wide range of information and is extremely helpful when it comes to questions about franchises.
Qualify for a PODS Franchise
Unfortunately, becoming a PODS franchisee isn’t possible if you have the average American’s savings and bank account. According to PODS.com, applicants need a net worth of $1 million, 30% of which must be in the form of liquid assets such as stocks. However, other websites dedicated to providing information on franchise opportunities place the investment range at over $10,000! Obviously some wires have been crossed somewhere along the line.
According to PODS.com, you will pay royalties of 8% on your net sales with additional advertising costs which are 2% of your net sales. It is not a short term investment as the minimum term is 20 years and additional 10 year terms are available afterward if your franchise has been successful. There are always PODS franchise opportunities available in the United States with vacancies available here.
Why choose a PODS franchise?
PODS is perhaps the biggest name in an industry that is growing exponentially. They have delivered over 2 million containers in their relatively short history and customers continue to flock to PODS because they believe it is a brand they can trust for their storage and moving needs. It brings in several hundred million dollars a year and acquiring one of their franchises equals almost guaranteed success because you will have the backing of the company.
PODS is likely to earn considerable revenue from your success, so it’s only natural that they have your best interests at heart. There are well over 50,000 storage facilities in the United States, a number that is growing rapidly. The success of self-storage shows no signs of slowing either, as Americans continue to hoard their belongings. If you’re already relatively wealthy and want to generate enough income to retire, a PODS franchise might be right for you. The downside is that such a franchise does not seem to be a viable option for those with an average income and an average level of savings.
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