How PODS franchises work
Posted On May 18, 2021
PODS.com is the website for Portable on Demand Storage, a moving and storage company that was founded in 1998. Americans looking to move from one state to another or within the state trust PODS, which has become synonymous with the industry. How would you like to benefit from the company name? This is now possible thanks to the franchise 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, Arcapita purchased PODS for more than $ 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 may not necessarily be the best option for you. It is your responsibility to conduct due diligence and decide if investing in a PODS franchise is a potentially lucrative endeavor. PODS.com offers a wide range of information and is extremely helpful when it comes to franchise inquiries.
Qualification for a PODS franchise
Unfortunately, becoming a PODS franchisee is not 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 more than $ 10,000. Clearly, the cables have crossed somewhere along the line.
According to PODS.com, you will pay royalties of 8% on your net sales with an additional advertising fee that is 2% of your net sales. It is not a short-term investment, as the minimum term is 20 years, and thereafter additional terms of 10 years are available if your franchise has been successful. PODS franchise opportunities are always available in the United States with current openings available here.
Why choose a PODS franchise?
PODS is arguably the biggest name in an exponentially growing industry. They have delivered over 2 million containers in its relatively short history and customers continue to flock to PODS as they feel it is a brand they can trust for their warehousing and moving needs. He makes several hundred million dollars a year and acquiring one of his franchises is almost guaranteed success because he will have the backing of the corporation.
PODS can earn considerable income from your success, so it is only natural for them to care about your best interests. There are more than 50,000 warehousing facilities in the United States, a number that is growing rapidly. The success of self-service storage shows no signs of slowing either, as Americans continue to accumulate their possessions. If you’re already relatively wealthy and want to generate enough income for retirement, a PODS franchise might be on your way. The downside is that such a franchise does not appear to be a viable option for those with an average income and an average level of savings.