Bin There Dump That Franchise FDD, Profits, Costs & Fees (2024)
Bin There Dump That, founded in 2001, is a franchisor offering dumpster rental services primarily for residential customers. The company operates across North America, with a significant presence in the United States. The franchise’s headquarters is situated in Mississauga, Ontario, Canada.
Bin There Dump That started franchising the same year it was founded, highlighting a rapid expansion strategy that has proven successful over the years. The franchise model of Bin There Dump That stands out in the waste management industry due to its focus on customer service and residential-friendly solutions.
Their dumpsters are designed to be less obtrusive and more suitable for residential areas, equipped with features like compact bins that can fit into tight spaces and driveway protection to prevent damage. This approach distinguishes the franchise from larger, more industrial options provided by competitors, making it a leading choice for homeowners and contractors dealing with renovation and clean-up projects.
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Initial Investment
How much does it cost to start a Bin There Dump That franchise? It costs on average between $116,000 – $235,000 to start a Bin There Dump That franchise.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial franchise fee | $29,000 to $55,000 |
| Vehicles | $14,800 to $16,000 |
| Opening inventory of bins, equipment and supplies | $50,000 to $120,000 |
| Initial training expenses | $2,400 |
| Insurance and other prepaid expenses | $8,000 to $17,000 |
| Licenses, legal and accounting fees | $2,000 to $5,000 |
| Additional Funds (three months) | $10,000 to $20,000 |
| TOTAL | $116,000 to $235,000 |
Average Revenue (AUV)
How much revenue can you make with a Bin There Dump That franchise? A TBin There Dump That franchised facility makes on average $283,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $383,000 yearly revenue for similar waste franchises.
Below are 10 Bin There Dump That competitors as a comparison:
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Bin There Dump That Franchise Disclosure Document
Frequently Asked Questions
How many Bin There Dump That locations are there?
As of the latest data, Bin There Dump That operates over 100 franchise-owned locations across the United States and Canada. The company follows a franchise model, with all locations owned and managed by individual franchisees. There are no company-owned locations; the entire network is franchise-operated.
What is the total investment required to open a Bin There Dump That franchise?
The total investment required to open a Bin There Dump That franchise ranges from $116,000 to $235,000.
What are the ongoing fees for a Bin There Dump That franchise?
Bin There Dump That franchisees pay a monthly royalty fee per vehicle, starting at $500 in the first year, $750 in the second, and $1,000 from the third year onward. Additionally, there’s an annual marketing fee per vehicle: $1,200 in the first year, $1,800 in the second, and $2,400 from the third year. These fees support brand operations and marketing efforts.
What are the financial requirements to become a Bin There Dump That franchisee?
To qualify as a Bin There Dump That franchisee, candidates should have a minimum net worth of $350,000 and at least $75,000 in liquid capital. These financial prerequisites ensure that franchisees possess the necessary resources to cover initial investments and sustain operations during the business’s early stages.
How much can a Bin There Dump That franchise owner expect to earn?
The average gross sales for a Bin There Dump That franchise are approximately $0.28 million per location. Assuming a 15% operating profit margin, $0.28 million yearly revenue can result in $42,000 EBITDA annually.
Who owns Bin There Dump That?
Bin There Dump That is a franchise-based company, with each location owned and operated by individual franchisees. The overarching franchise system is managed by That Franchise Group, led by CEO Michael Kernaghan. Kernaghan has extensive experience in franchising, having developed existing systems and co-founded new concepts, including Bin There Dump That
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