About MyWay Mobile Storage Franchise
MyWay Mobile Storage is a portable storage container franchise serving residential and commercial customers with convenient, on demand storage and moving solutions.
The brand has been franchising since 2009, delivering storage containers directly to customers' locations for easy loading at their own pace.
Containers can be stored on site or transported to a secure facility, providing flexibility for moves, renovations, and long term storage.
MyWay Mobile Storage Franchise Cost & Fees
Minimum Investment
$238K
Average Investment
$536K
Maximum Investment
$834K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $40,000 to $450,000 | One-time payment upon signing |
| Royalty Fee | 3% of monthly Adjusted Gross Sales, subject to a minimum monthly fee of $1,000 of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Systemwide Advertising Fund: 2% of monthly Adjusted Gross Sales of the Business, if fund is established. Minimum Monthly Marketing Fee (local): Minimum of $6,000 | National brand fund |
| Total Investment Range | $238,200 – $833,500 | Includes build-out, inventory, working capital |
The investment range of $238K–$834K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (3% of monthly Adjusted Gross Sales, subject to a minimum monthly fee of $1,000) and marketing fee (Systemwide Advertising Fund: 2% of monthly Adjusted Gross Sales of the Business, if fund is established. Minimum Monthly Marketing Fee (local): Minimum of $6,000) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee (1) | $40,000 | $450,000 |
| Real Estate Leases and Deposits (2) | $8,000 | $12,000 |
| Leasehold Improvements (3) | $0 | $2,500 |
| Furniture, Fixtures & Office Equipment (4) | $1,700 | $3,400 |
| Sales Force Subscription | $300 | $600 |
| Security Hub Signage (5) | $500 | $1,000 |
| Truck and Forklifts (6) | $2,700 | $150,000 |
| Utilities, Licenses and other Pre-paid expenses | $2,000 | $6,500 |
| Initial Inventory of Packing Supplies | $800 | $1,200 |
| Initial Inventory of Eighty (80) SafeBoxes (7) | $88,000 | $90,400 |
| Fifty (50) SafeBox Container Covers (7) | $28,300 | $28,300 |
| Personnel and Staffing | $5,000 | $10,000 |
| Grand Opening Advertising (8) | $2,000 | $5,000 |
| Insurance (9) | $1,000 | $1,200 |
| Legal and Professional | $2,000 | $4,000 |
| Food, Lodging and Travel while training (10) | $3,000 | $5,000 |
| Additional Funds –Three Months (11) | $52,900 | $62,400 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | 25% of the then current initial franchise fee per Metropolitan Statistical Area (“MSA”) Protected territory |
| Renewal Fee | None (initial franchise fee not required) |
| Technology Fee | Will vary depending upon circumstances, As incurred (Salesforce CRM software: $300 to $600 per year) |
| Audit Fee | Cost of Audit Fees plus interest @ 1.5% per month or the highest legal percentage, whichever is less |
| Customer Service Center Fee | 6% of monthly Adjusted Gross Sales, subject to a minimum monthly fee of $2,000 |
| Cooperative Advertising | Proportional share but not to exceed 2.5% of Gross Sales; credited toward Local Advertising requirements. |
| SafeBoxes | $1,100 (unassembled) to $1,130 (assembled) per SafeBox without container molding or shipping (subject to change) |
| SafeBox Container Covers | $566 ea. (not including shipping) (subject to change) |
| Additional On-Site Assistance and/or Training | Will vary depending upon circumstances |
| Continuing Education Fee | $1,200 per one-day training period |
| Costs of Enforcement | All costs including attorneys’ fees. |
| Indemnification | All costs including attorneys’ fees. |
| Interest | The lesser of 1.5% per month or the highest legal rate |
| Insurance | Amount of unpaid premiums |
| Late Report or Insufficient Funds Fee | $100.00 per violation |
| Seminars, Conventions or Programs | $1,000.00-$2,500.00 per person plus materials estimated at $250.00. |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Initial training is 5 days at Franchisor's location, plus up to 5 additional days at Franchisee's location during the first year if requested. |
| Classroom Training | 37.0 |
| On-the-Job Training | 43.0 |
| Training Location | Virtual or Grand Rapids, Michigan / Franchisee’s Authorized Location |
| Additional Training | Franchisor may provide or require additional training courses after opening, at franchisee's expense. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected Territory |
| Exclusive Territory | Yes |
| Territory Size | Minimum population of 400,000 residents |
| Description | Specific geographic area detailed in the Franchise Agreement, Exhibit A. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 20 years |
| Renewal Term | Two (2) additional successive terms of ten (10) years each |
| Renewal Fee | None (initial franchise fee not required) |
| Renewal Conditions | Written notice; full compliance with Franchise Agreement and all other agreements; signing current Franchise Agreement (terms may differ, but renewal fee not greater than for similarly situated renewing franchisees); no notice of adverse federal, state or local law/regulation; ability to secure continued approved facilities; sign general release; complete required maintenance/renovation; satisfy all monetary obligations. |
| Transfer Fee | 25% of the then current initial franchise fee per Metropolitan Statistical Area (“MSA”) Protected territory |
| Transfer Conditions | Operating in full compliance; New franchisee complies with current qualifications; Payment of transfer fee; no outstanding payments, damages, or defaults; Signing of current Franchise Agreement and Exhibits; receipt of non-compete agreement; delivery of signed general release; provide copy of all documents relating to proposed transfer; completion of training program; agreement to subordinate security interest; all necessary consents and approvals by third parties obtained. |
| Termination for Cause | Failure to establish/equip business; failure to complete training; material misrepresentation/omission in application; indictment/conviction/plea of no contest to felony/crime adversely affecting reputation; unauthorized use/disclosure of Manual/Confidential Information; abandonment of business for 3+ consecutive days; unauthorized surrender/transfer of control; 3+ occasions of understating amounts due by >2%; bankruptcy/insolvency; misuse/unauthorized use of Marks; 3+ occasions of failure to submit reports/fees or comply with Agreement; operating business in violation of law; dishonest/unethical conduct. |
| Non-Compete Period | During term of Franchise: may not own or otherwise have any interest in a competing business without written approval. After Termination/Expiration: For a period of two years. |
| Non-Compete Details | During term: Franchisee, owners, operating partners may not own or have interest in competing business without written approval. Post-term: For two years, Franchisee and any owner may not be involved in any competing business (1) in Protected Territory or within 30 miles of boundaries; (2) within Protected Territory or 30 miles of boundaries of any other franchisee/affiliate owned operation. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Business must, at all times, be under your direct, day-to-day, full time supervision, or if you are incorporated, a partnership, or other entity, then a designated manager approved by us. This person must have successfully completed the training program. |
| Required Suppliers | SafeBoxes and Container Covers must be purchased through franchisor or approved vendor. Salesforce CRM software must be purchased through franchisor. Trucks, forklifts, packing supplies, computers, furniture, fixture and equipment must be purchased through franchisor or an approved supplier. All equipment, fixtures, furniture, signs, forms, marketing materials, stationery, and other materials from approved suppliers. |
| Supply Restrictions | Franchisee may only purchase SafeBoxes and Container Covers through franchisor (currently the only approved supplier). Salesforce CRM software only through franchisor (currently the only approved supplier). All equipment, fixtures, furniture, signs, forms, marketing materials, stationery, and other materials from approved suppliers. Franchisor reserves the right to be an exclusive supplier for any/all items and earn profit. |
| Franchisor Revenue from Suppliers | SafeBoxes and Container Covers: $21,420 (4% of total revenue of $555,500) for fiscal year ended December 31, 2021. Sales Force licenses: $3,000 (1% of total revenue of $555,500) for fiscal year ended December 31, 2021. Advertising and marketing services: $261,030 (47% of total revenue of $555,500) for fiscal year ended December 31, 2021. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your notes, leases or obligations. Occasionally various lenders notify us of their willingness to offer financing arrangements to franchisees. We will provide you with the names and addresses of those lenders, if you request the information. |
MyWay Mobile Storage Franchise Earnings — Item 19
MyWay Mobile Storage does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
MyWay Mobile Storage does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
MyWay Mobile Storage Litigation & Risk Flags
Clean Litigation RecordMyWay Mobile Storage has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
MyWay Mobile Storage System Growth
Total Units
6
Franchised
6
Company-Owned
0
MyWay Mobile Storage currently operates 6 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 0 | 0 | 6 |
| 2020 | 0 | 0 | 6 |
| 2021 | 0 | 0 | 6 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 30 states: CA, CT, FL, GA, HI, IL, IN, IA, KY, LA, ME, MD, MI, MN, NE, NH, NY, NC, ND, OH, OK, OR, RI, SC, SD, TX, UT, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$556K
Net Income
$18K
Total Assets
$309K
Audited by KEZOS & DUNLAVY Certified Public Accountants & Business Advisors for year ending December 31.
MyWay Mobile Storage Franchise — FAQ
The total investment to open a MyWay Mobile Storage franchise ranges from $238,200 to $833,500, per their Franchise Disclosure Document. This includes the initial franchise fee of $40,000 to $450,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
MyWay Mobile Storage charges a royalty fee of 3% of monthly Adjusted Gross Sales, subject to a minimum monthly fee of $1,000 of gross sales, plus a Systemwide Advertising Fund: 2% of monthly Adjusted Gross Sales of the Business, if fund is established. Minimum Monthly Marketing Fee (local): Minimum of $6,000 contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the MyWay Mobile Storage Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from MyWay Mobile Storage to ensure you have the most up-to-date version.
MyWay Mobile Storage does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
MyWay Mobile Storage has been franchising since 2009. The FDD shows an investment range of $238,200-$833,500, a 3% of monthly Adjusted Gross Sales, subject to a minimum monthly fee of $1,000 royalty, and no Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $40,000 to $450,000 and the total investment ranges from $238,200 to $833,500 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Similar Food & Beverage Franchises
Interested in MyWay Mobile Storage?
Get free info on this franchise. We will send you a detailed FDD report by email.
Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from MyWay Mobile Storage and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with MyWay Mobile Storage or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com