- 2023 Franchise 500 Rank
-
#162Ranked #183 last year
- Initial investment
-
$546K - $754K
- Units as of 2023
-
270 72.0% over 3 years
Company Overview
About redbox+ Dumpsters
| Industry | Services (Other) |
|---|---|
| Related Categories | Dumpster Rentals,Moving/Junk-Removal Services,Miscellaneous Maintenance Businesses,Miscellaneous Services |
| Founded | 2007 |
| Parent Company | Belfor Franchise Group |
| Leadership | Sean Foley, Director of Operations |
| Corporate Address | 731 Fairfield Ct. Ann Arbor, MI 48108 |
| Social | Facebook,LinkedIn,Instagram |
Business Overview
| Franchising Since | 2014(9 years) |
|---|---|
| # of employees at HQ | 22 |
| Where seeking | This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming |
| # of Units | 270(as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a redbox+ Dumpsters franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
| Initial Franchise Fee
|
$59,500 |
|---|---|
| Initial Investment
|
$546,400 - $753,512 |
| Net Worth Requirement
|
$1,000,000 |
| Cash Requirement
|
$250,000 |
| Veteran Incentives
|
20% off first-unit franchise fee |
| Royalty Fee
|
$18.50/dumpster/wk. |
| Ad Royalty Fee
|
$2/dumpster/wk. |
| Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | redbox +垃圾桶has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 10.75 hours |
|---|---|
| Classroom Training | 16.75 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
| Can this franchise be run from home/mobile unit?
|
Yes |
| Can this franchise be run part time?
|
Yes |
| #运行所需的员工 | 1-2 |
| Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where redbox+ Dumpsters landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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