Clothes Bin Franchise

Thinking of investing in a Clothes Bin Franchise franchise? We think it’s a great opportunity for anyone looking to open a business with an experienced franchisor behind them. Founded in 2014, Clothes Bin Franchise specializes in Clothing, shoe, and textile recycling bins. As a Clothing franchise, Clothes Bin Franchise has grown to include over 40 (as of 2020) units since they began franchising in 2015 (6 years). It costs an estimated $156,145 – $199,965 to open a Clothes Bin Franchise franchise.

About Clothes Bin Franchise

Clothes Bin® is a national franchise system made up of independently owned bins that are operated by franchisees.

The Clothes Bin® mission is to help people reach their entrepreneurial dream of business ownership through a semi-absentee franchise system that promotes environmental stewardship, stimulates the economy and provides a source of clothes, shoes and textiles in the United States and throughout the world.

This affordable franchise offers a flexible work schedule, low overhead and competitive margins, making it the ideal opportunity for veterans, firemen, teachers, entrepreneurs, part-time workers and anyone looking for a hands-on business. Clothes Bin® is a national franchise system made up of independently owned bins that are operated by franchisees.

You’re looking to be a part of an experienced team of industry professionals by joining a franchise system with a proven concept. That’s why we created a strong franchisee support program backed by our state-of-the-art technology BLIP®, and the National Buyer Program, so that the items you collect are easier to monetize.

The part-time nature and flexibility of owning and operating a Clothes Bin® franchise also makes it a great fit for existing franchisees in other systems who are looking to diversify and expand their interests into another industry.

Franchisee Requirements:

-The estimated total investment including working capital and the initial franchise fee is between $158,995 – $199,815 . 3rd-Party Financing available for qualified applicants.
-We also seek prospective franchisees with liquid assets of at least $100,000 liquidity and a net worth of at least $350,000. Grow with us!

Company Founded

2014

Current Leadership

Marc Douglas, Chairman

Started Franchising

2015 (6 years)

Total Number of Units

40 (as of 2020)

Part-Time / Full-Time

Part Time

How Much Does It Cost To Open A Clothes Bin Franchise Franchise?

There are several costs associated with opening a Clothes Bin Franchise franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.

Some franchises may have a weekly fee that the franchisee pays for operating a Clothes Bin Franchise franchise. The weekly fee for opening a Clothes Bin Franchise franchise is not specified.

The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Clothes Bin Franchise Is Renewable) and does the franchise offer financing support (Clothes Bin Franchise Clothes Bin Franchise has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment).

Clothes Bin Franchise Company Details

Here are some additional details about Clothes Bin Franchise.

Initial Investment	$40,000
Net Worth Requirement	$350,000
Veteran Incentives	$5,000 off first-unit franchise fee
Royalty Fee	$6/bin/wk.
Cash Requirement	$100,000
Term of Agreement	5 years
Absentee Ownership	No
Run from Home	Yes
Part Time	Yes

Training and Support Offered By Clothes Bin Franchise

Clothes Bin Franchise offers several support options to its franchisees. With 40 (as of 2020) units, Clothes Bin Franchise aims to provide support to each franchise owner to help them operate a successful franchise location. Clothes Bin Franchise offers 48-56 hours on the job training, 4 hours classroom training, and No additional training.

Training and Support Offered

Here are the support options offered by Clothes Bin Franchise.

On-The-Job Training	48-56 hours
Classroom Training	4 hours
Additional Training	No
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Support	Ad Templates Regional Advertising Email Marketing

Is Clothes Bin Franchise Right For You?

Clothes Bin Franchise has gone digital! Here are all of the ways you can find Clothes Bin Franchise online. Oftentimes, you can reach out to current franchisees of Clothes Bin Franchise online. Current franchisees may be able to offer personalized insights into what it is like owning a Clothes Bin Franchise franchise and offer tips to running a successful Clothes Bin Franchise franchise location.

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Why Should You Start a Clothes Bin Franchise Franchise?

Investing in a Retail franchise such as Clothes Bin Franchise can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Clothes Bin Franchise franchise and we'll be in touch soon!

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