How much does a 1-800-GOT-JUNK? franchise cost?
- Initial Franchise Fee: $65,000
- Total Investment: $161,000 to $243,330
- Working Capital: $56,200 to $71,080
- Royalty Fee: 8.0%
Full Answer
How much does a 1-800-GOT-JUNK franchise cost?
Franchise Cost? To buy a franchise with 1-800-GOT-JUNK?, you'll need to have at least $90,000 in liquid capital and a minimum net worth of $150,000. Franchisees can expect to make a total investment of at least $90,000 - $150,000. They also offer financing.
What is the largest junk removal company in the world?
Fast-forward two decades and 1-800-GOT JUNK? is the world's largest junk removal company. Franchises are virtually * sold-out in every big city and town in the US, Canada and Australia. Dozens upon dozens of millionaires have made their fortunes in our company.
What is the franchise performance guarantee?
Our Franchise Performance Guarantee reduces the risk factor - beacuse if you don't hit our minimum revenue threshold in your first 12 months of operation, you can opt out of your business and receive your franchise fees back! Learn more about these exciting initiatives here. All of this sounds pretty exciting, doesn’t it?
What is the Shack Shine franchise payment plan?
Our Franchise Payment Plan allows you to start your Shack Shine business with a down payment of just $20,000 and a start up marketing expense.
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Company Details
Established: 1989 First Unit Franchised: 1999 Franchised Units: 152 Company Owned Units: 3 States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, California - CA, Colorado - CO, Connecticut - CT, Delaware - DE, Florida - FL, Georgia - GA, Hawaii - HI, Idaho - ID, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, New York - NY, North Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA, Washington - WA, West Virginia - WV, Wisconsin - WI Canada Franchises: Yes International Franchises: NO.
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What is a franchise for junk removal?
Franchise Description: 1-800-GOT-JUNK? LLC is the franchisor. The franchisor offers franchises for the operation of retail junk removal businesses under the name “1-800-GOT-JUNK?” The system includes proprietary software, brand development, training, marketing programs and access to the exclusive service of the call center and online booking system, as well as the mark “1-800-GOT-JUNK?” and related marks.
Where is the Got JUNK training?
All training takes place at 1-800-GOT-JUNK?’s principal offices in Vancouver, British Columbia over the course of five business days. Each day of training will begin at approximately 8:00 AM and will end at 5:00 PM.
How many hours does a franchisee have to work?
The principal operator must devote his or her full time, attention and effort to the franchised business at least 40 hours per week. Franchisees must operate the franchised business and perform all services in accordance with the operating guidelines and quality standards the franchisor establishes.
What are the obligations of a franchisor?
Obligations and Restrictions: The franchisor requires that the franchised business be under the direct supervision at all times of a person who owns at least a minimum beneficial share ownership in the franchised business, as specified in the Franchise Agreement (the “principal operator”).
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
Does franchising offer financing?
Financial Assistance: The franchisor generally does not offer financing. However, the franchisor may, in its sole discretion, allow the franchisee to pay the initial franchise fee with respect to some of the subterritories in equal monthly installments without interest if payments are timely made. The franchisor does not guarantee any debts, leases or other obligations for franchisees. While not obligated to do so, the franchisor may, in its discretion, introduce franchisees to third party financing sources that may, if they meet their qualifications, supply financing options for items required as part of the initial investment.
What is 1800 got junk?
1800 Got Junk was made by a college student in need of a summer job, 1-800-Got-Junk?. It picks up all materials like furniture, appliances, construction debris and yard refuse from homes to dumps or recycling facilities.
How many locations does 1800 got junk have?
1800 Got Junk Franchise has spread to over 200 locations throughout North America, as well as Australia. 1800 Got Junk to facilitate the growth of the system by hosting Franchise Partner forums, regional meetings, a Franchisee Advisory Council (FAC), and the yearly conference.
How much is the minimum royalties for franchises?
Depending upon the franchisee’s year of operation, the Minimum Royalty will range from $1,050, prorated as necessary to account for operations for a partial calendar year in the first year of operation, to $4,000 per sub territory per calendar year. The amount payable by franchisees is the amount the Minimum Royalty exceeds the amount of Royalties actually paid by them in any year of operations.
What is franchise for sale?
Franchise for sale provide information regarding the franchise which will help you to choose profitable franchise option.
When was 1-800-GOT-JUNK founded?
As the world’s largest junk removal business, 1-800-GOT-JUNK? has enjoyed exponential growth and widespread recognition from the media since its inception in 1989 . The Franchises system has been featured by some of the best-known outlets in media including: The Oprah Show.
Do franchisees have to indemnify the franchisor?
It depends upon the size of the loss for which the franchisee is required to indemnify the franchisor.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Are there any 1-800-GOT-JUNK? franchise opportunities near me?
Based on 2019 FDD data, 1-800-GOT-JUNK? has franchise locations in 42 states. The largest region is the South with 40 franchise locations.
Section I – Background Information
1. In mid-July 2021, 1-800-Got-Junk? said that it has experienced unprecedented growth in recent years as the company continues to set the bar for customer satisfaction and professional excellence in the junk removal industry.
Section II – Estimated Costs
Detailed estimates of 1-800-Got-Junk? franchise costs, based on Item 7 of the company’s 2021 FDD.
Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees
Detailed information on 1-800-Got-Junk?’s initial franchise fee, royalty fee, marketing fee, and other fees, based on Items 5 and 6 of the company’s 2021 FDD.
Section V – Financial Performance Representations (Item 19, 2021 FDD) and Analysis
The following table presents the average gross sales realized by certain 1-800-Got-Junk? franchisees as of December 31, 2020.
What is the biggest obstacle in painting a house?
51% of Americans surveyed say the biggest obstacle in the way of painting their homes is that it takes too long.
Is 1-800-GOT-JUNK a painting business?
It’s not about the fact that it’s a painting business. It’s about a market that is ripe for disruption, and our fast path to profitability and explosive growth. With the proven systems that made 1-800-GOT-JUNK? a multi-million-dollar brand, you’ll leverage your leadership and business skills to build a great team, WOW your customers... and create a legacy.
Is Shack Shine a franchise?
As a Shack Shine franchise owner you’ll have multiple recurring revenue streams, meaning jobs on your schedule all year round. Don't waste your best years making someone else rich. Shack Shine gives you the opportunity to be a boss right now.
What is the minimum revenue for a franchise for 1-800-GOT-JUNK?
Franchises are also expected to hit a minimum revenue of $100,000 in its first year. Franchises who do not meet this goal are given a full refund.
When was 1-800-GOT-JUNK founded?
1-800-GOT-JUNK? Franchise Opportunities - History. Founded in Vancouver in 1989, 1-800-GOT-JUNK? was the product of Brian Scudamore’s belief that he could haul trash away in a more efficient manner than the current market.
What is 1-800-GOT-JUNK?
1-800-GOT-JUNK? ensures that all “junk” that can be reused in some manner gets appropriately donated to charity or recycled in an effort to not be wasteful. The company is proud to report having saved 1.5 billion pounds of junk from landfills since its operation first began.
