3/10

Franchimp Summary Rating

3 /10
Higher than 72% of peers

Franchise Summary

Description
MW EQUITY, INC. offers franchises for the operation and marketing of a mobile storage business under the name MyWay Mobile Storage.
Company Background
MyWay Mobile Storage is a franchise opportunity for people who want to make money and help their communities. This business provides mobile storage boxes that fit in the back of a truck, allowing you to move your belongings from one place to another without having to rent moving trucks or put them on Craigslist. We offer both local and national advertising through our network of over 400 franchises nationwide, which means more sales opportunities for you! MyWay's mission is "to provide customers with an easy way out." We do this by providing affordable services that are backed by excellent customer service. Our vision statement is "To be America's favorite way out company."
Franchise Opportunity
Owning a home or business can be stressful. There is no shortage of things to do and places to go, but time and money are always in short supply. We have the solution for you! MW EQUITY, INC., offers franchises for the operation and marketing of a mobile storage business under the name MyWay Mobile Storage. Our services provide our clients with affordable and convenient solutions that help them keep their lives organized without breaking their budget. We offer both long-term self-storage units on wheels as well as portable storage containers that are ideal for any type of move or clean out job, whether it's an apartment moving or your garage cleaning project. For those who need extra space for all kinds of items, we offer two types of mobile storage options - one being a 20' container that provides ample space for household goods while the other is an RV equipped with everything from beds to toilets so you can even live inside if needed (
Corporate Structure
MW EQUITY, INC. is a Michigan corporation formed on October 21, 2008, for the purpose of franchising the MYWAY business model and concept. They do business under the names MyWay Mobile Storage and MyWay Storage. Their principal business address is 3696 Northridge Drive NW, Suite 20, Grand Rapids Michigan, 49544. They have offered franchises since March 2009.
Royalties and Marketing Fees

Royalties : 3% of monthly Adjusted Gross Sales , subject to a minimum monthly fee of $1,000.

Royalties : 6% of monthly Adjusted Gross Sales (1), subject to a minimum monthly fee of $2,000

Royalties : Minimum of $6,000

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of MyWay Mobile Storage Franchisees

MyWay Mobile Storage Franchise System Development in 2020

FAQ

How much investment do I need to start my own MyWay Mobile Storage business?
Franchisees typically require at least $225 to $801 investment to get their MyWay Mobile Storage business started
What are the initial franchise fees for MyWay Mobile Storage?
Franchisees typically need to pay at least $152 in fees directly to MyWay Mobile Storage in order to earn the right to launch their business
How much money can I make with a MyWay Mobile Storage franchise? What are the average revenues for a typical MyWay Mobile Storage business?
We haven’t done the math on how much revenue a typical MyWay Mobile Storage brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect MyWay Mobile Storage to generate a similar amount
How long do I need to commit to running a MyWay Mobile Storage unit? What is my contractual commitment?
MyWay Mobile Storage franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

3 /10
The Franchisor's investment costs ranges from $225,200 to $801,500 which is Much Higher than the $0 to $0 average in the Services-General industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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