Bin There Dump That Franchise Costs $128K (2023 Stats)

Since it was founded in 2001, Bin There Dump That offers dumpster rental services for residencial areas and individuals. As of 2023, it had over 250 franchised territories in North America, of which about 190 franchises in the United States.

With an average investment of $128,000, Bin There Dump That is definitely an affordable waste management franchise. So should you start a Bin There Dump That franchised business?

In this article we’re looking into Bin There Dump That and its latest Franchise Disclosure Document to find out how much it (really) costs, and how profitable it really is. Let’s dive in!

Key stats

Franchise fee$29,000 - $45,000
Royalty fee$500-$1,000 per vehicle per month
Marketing fee$1,200-$2,400 per vehicle per year
Investment (mid-point)$128,000
Average sales$266,000
Sales to investment ratio2.1x
Minimum net worth$350,000
Minimum liquid capital$75,000-$180,000
Source: Franchise Disclosure Document 2022

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About Bin There Dump That

Bin There Dump That is a waste disposal and dumpster rental franchise headquartered in Oakville, Ontario. It offers residential-friendly dumpster rental services, construction cleanup, junk removal, and hauling services. Also, it offers residential services for local homeowners, contractors, remodelers, and roofers. 

Bin There Dump That was founded in 2001 by Mark Crossett. It began franchising in 2003, and currently, the company has grown to over 240 locations, including 207 franchises in the US

With a variety of sizes of roll-off dumpsters for hire, Bin There Dump That has developed the necessary resources to support a variety of projects and provide a much-needed service to homeowners and contractors. 

Today, Bin There Dump That is a great franchise opportunity with a simple model that can help franchisees expand their businesses by building relationships with different contractor companies. 

Bin There Dump That Franchise pros and cons

The Pros:

  • Third-party financing: The franchisor provides its franchisees with financing assistance through third-party partners to cover the franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll.
  • Pre-opening training and ongoing support: Bin There Dump That franchise has a detailed training program consisting of 60 classroom hours and 24 on-site training hours to equip them with the basics of its systems and management practices.
  • Marketing and branding: The franchisor offers its franchisees solid marketing planning tools to help them create service awareness and increase sales. These include national media, regional advertising, ad templates, email marketing, and social media.
  • Simple franchise operations: The franchise can be run with 2-4 employees, making it simple to launch and operate with low staff overhead.
  • Exclusive territory protection: The franchisor offers its franchisees an exclusive development market to establish and grow their franchises. The franchisor does not license any other franchise or operate a competing business in the agreed-upon area.
  • Home-based opportunity: The franchise can be operated from home or a mobile facility. Franchisees can get started fast with few real estate requirements and developmental costs.
  • Real estate assistance: The franchisor offers its franchisees site selection assistance to identify viable business locations for their businesses.

The Cons:

  • Not a passive investment opportunity: Bin There Dump That does not allow for absentee ownership. It requires the franchisees to take part in the routine operations and management of their dumpster rentals.
  • Not a part-time business: The franchises must operate on a full-time basis as per the franchisor’s working hours.
  • Competition: Its competitors include Waste in Motion, Waste Away Disposal Services, etc.

Bin There Dump That franchise costs

You would have to invest an average of $128,000 to open a Bin There Dump That franchise.

The investment covers all the start-up costs you may need to open a Bin There Dump That outlet. You must pay the franchisor an initial franchise fee of $29,000 – $45,000. In addition to this franchise fee, the investment also covers:

  • Formulation costs: licenses, legal, and accounting fees; etc.
  • Equipment: vehicles; opening inventory of bins, equipment, and supplies; etc.
  • Operating costs: initial training expenses, insurance and other prepaid expenses, additional fund (first 3 months), etc.

Here’s the full breakdown of costs:

Type of ExpenditureAmount
Initial franchise fee$29,000 – $45,000
Formulation costs$2,000 – $5,000
Equipment$34,800 – $81,000
Operating costs$20,400 – $39,400
Total$86,200 – $170,400
Source: Franchise Disclosure Document 2022

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Bin There Dump That franchise fees

The initial franchise fee for a Bin There Dump That franchise is $29,000 – $45,000. In addition to the initial franchise fee, you must pay to the franchisor a royalty fee of $500-$1,000 per vehicle per month of revenues.

Bin There Dump That franchise revenue

A Bin There Dump That franchise makes $266,000 in yearly revenue on average.

This number is the gross revenue per truck of certain franchised Bin There Dump That businesses in 2021. Unfortunately, the company does not provide revenue data for 2020, so we could not do a comparison. Instead, we are showing below the average revenue of a franchise based on the years in business.

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Disclaimer

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

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