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 state to state or within states rely on PODS, which has become consistent 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 that has more than 140,000 storage containers in service and a unique method of delivery and packaging. In early 2007, Arcapita purchased PODS for over $450 million. The company has risen in popularity ever since, 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 carry out 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 savings and bank account of the average American. 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 close to $10,000. Clearly the wires have crossed somewhere along the line.
Additional Information
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 additional 10 year terms are available thereafter if your franchise has been successful. There are always PODS franchise opportunities available in the United States with current openings available here.
Why choose a PODS franchise?
PODS is possibly 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 feel it is a brand they can trust for their storage 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 their success, so it’s only natural that they have your best interests at heart. There are more than 50,000 storage facilities in the United States, a number that is growing rapidly. The success of self-storage shows no signs of slowing down either, as Americans continue to hoard their possessions. If you’re already relatively wealthy and want to generate enough income to retire, a PODS franchise might be just the thing for you. The downside is that such a franchise does not appear to be a viable option for those with an average income and average savings level.