Clothes Bin Franchise

a Pinnacle company

Part-Time and Semi-Absentee Ownership Franchise Opportunity, with no Inventory or Cost of Goods Sold Costs. No expensive buildouts, no long term leases, and no need to quit your current job. Zero to Few Employees Needed to start.

Categories: Business Services, Distribution Services

Concept Description

Clothes Bin® is a national franchise system that helps prevent unnecessary clothing waste while providing a platform for entrepreneurs to fulfill their dream of business ownership. A green initiative that earns you green, Clothes Bin® is led by our comprehensive and hands-on training and support programs. Our incredible team provides the tools that franchisees need to learn the business and thrive. We’re invested in our franchisees, and we go above and beyond to achieve our goals together.

Unit Option

Single, Multiple

Background

FDD Franchised Units: 38

Corporate Owned Units: 4

Projected New Units: 31

Year Established: 1986

First Year Franchised: 2016

Type of Business: Franchise

Hours of Operation: 24 / 7 / 365

Number of Employees: Small (1-5)

History:

Clothes Bin Franchise benefits from its team’s 80 years’ of experience in the textile industry including the collection of clothing, ownership of multi-unit thrift locations, wholesale distribution and brokerage of goods both nationally and internationally. Since 1986, the company has continued to improve its systems and now has packaged this business experience into the first textile recycling franchise available!

Availability

var states = {"al":"#30917F","az":"#30917F","ar":"#30917F","co":"#30917F","ct":"#30917F","de":"#30917F","ga":"#30917F","id":"#30917F","il":"#30917F","in":"#30917F","ia":"#30917F","ks":"#30917F","ky":"#30917F","la":"#30917F","me":"#30917F","md":"#30917F","ma":"#30917F","mi":"#30917F","mn":"#30917F","ms":"#30917F","mo":"#30917F","mt":"#30917F","ne":"#30917F","nv":"#30917F","nh":"#30917F","nj":"#30917F","nm":"#30917F","ny":"#30917F","nc":"#30917F","nd":"#30917F","oh":"#30917F","ok":"#30917F","or":"#30917F","pa":"#30917F","ri":"#30917F","sc":"#30917F","sd":"#30917F","tn":"#30917F","tx":"#30917F","ut":"#30917F","vt":"#30917F","va":"#30917F","wa":"#30917F","wv":"#30917F","wi":"#30917F"}; setTimeout( function() { jQuery( '#vmapusa' ).vectorMap( { map : 'usa_en', backgroundColor: null, color : '#F8F7F4', enableZoom : false, showTooltip : true, selectedColor : null, hoverColor : null, borderColor : '#deddd8', borderOpacity : 1, borderWidth : 1, colors : states, onRegionClick : function ( event, code, region ) { event.preventDefault(); } } ); }, 2000 );

Not Available
Available
Focus

Territories: United States

Financials

Liquidity: $125,000

*Investment Range: $140,340 - $193,880

**Average Investment: $141,340 - $196,380
Provided by the Franchisor

Minimum Net Worth: $250,001, to $500,000

6 Month Cash: $50,001

Franchise Fee: $49,500

Royalty: $120 per week

Royalty Description: $6/Bin/Week

Advertising: Local: A weekly fee not greater than One Dollar and Fifty Cents ($1.50) per Bin that Franchisee has purchased and received, whether or not any or all of the Bins are placed at Bin Locations.

National Advertising: None Currently

Ramp-Up: 4 to 6 months

Passive Ownership: Semi- passive at onset (they can hire a manager to run business)
Passive Ownership means the owner is working 15 hours or less per week in the business.

Passive Ownership Explain: The owner can manage routes and monitor the fill levels of the Bins using the BLIP® software any time, any place as long as they have internet access!

Available Discounts

  • Veterans
  • First Responders

Discount Description: Veterans and all First Responders (Active and Retired) receive $5,000 off IFF.

Training, Support and Assistance

Co-Operative Advertising: N/A

Site Selection Assistance: Available

Lease Negotiation Assistance: Available

Length of Training: 8 hours virtual

Training Description:

Franchisor Support: Initial training, on-going support, National Buyer Program, help lines, field support, annual meetings, Franchisee Advisory Council and Franchisee Business Reviews 

  • Bin Location Services – To Help Franchisees too busy or not interested in signing up Bin Locations
  • Bin Placement Services Field Support
  • National Buyer Program 

Training & Corporate Support

  • 8 Hours of Virtual Training
  • Technology Training on how to drive, load and unload trucks
  • Training on how to properly load trailers with clothing/textiles
  • Training on how to handle, place and move Bins
  • Training for acquiring Bin LocationsOn-going business review meetings with corporate team

Operational and Marketing Tools:

BLIP (Bin Location Information Program): Monitors the fill levels of every bin, and routes the driver to the bins that need to be serviced.  Proactively can send an email or text message when a Bin is approaching capacity.  Predictive technology is also available.

Direct Mailers are available for potential landlord locations as well as advertising to the community the availability to recycle their clothes, shoes and textiles with Clothes Bin.

Financing Assistance: Available

Interested in this Concept? Unlock it with the form below.

Presented By:

Jane Stein

Your Franchise is Waiting

Avatar photo