Most Franchise Operators in the Bin There Dump That system start off with the Single Territory operation. Many will become multi-territory owners over time to reach their long term goals.
Single Territory Investment Requirements
Investment required is approximately $150K:
- $75K for start-up costs – required to get in and get started. Will cover items such as the franchise fee, down payments on leased equipment, training costs, etc.
- $75K in opportunity capital – required to add equipment (in the way of dumpsters/truck) into the business to support growth.
Understanding Your Territory
Single Territory franchises will have a minimum of 100,000 Single Family Homes.
- To achieve an area encompassing 100,000 Single Family Homes, typically you will need a population base of 350-450K. Using our franchise fee formula, you can expect to pay approximately $38-42K in franchise license fees, which is included in the total investment required (above).
- As part of your franchise investigation we will provide a detailed Market Preview for the entire area that you’re exploring. This usually encompasses the greater metro areas, surrounding counties and neighboring cities.
A Market Preview Has Five Components
Territory Map
A colour-coded map of each franchised territory.
Population Density
A breakdown of how many people live within the territory boundaries.
Single-Family Property Density
A look at the concentration of single-family homes, your core customer base.
Household Income Index
An overview of average household income to help gauge market potential.
Population Summary
A summary of the population and single-family dwellings in the territory.
What You’ll Need to Get Started
Equipment Required
- 1 truck upon opening – Ford F600
- 12-24 Dumpsters – varying sizes
Office & Yard Space
Although it is common to start in a home-based office, by year 2 or 3, it is ideal to find a 500 square foot office outside of the home is a good way to start off on the right foot and create boundaries between personal life and business.
Employees
General Manager, Dumpster Consultant and/or Dumpster Delivery Expert (part time). When starting a Bin There Dump That business it may be possible to do everything by yourself, but it is NOT possible to do everything by yourself well. It is important to have at least 1 employee when starting out.
Have questions about owning a Bin There Dump That franchise?
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