Clothes Bin
Operates and manages recycling collection bins for clothes, shoes, and textiles, then collects, transports, distributes, and resells the collected items.
Your franchise match score
Retail
Brand highlights
- CEO
- Headquarters3911 SW 47th Avenue, Davie, FL, 33314
- Year founded2014
- Year started franchising2015
- IndustryRetail
- Locations open39 (+22 last three years)
Statistics & metrics
- Investment range$158,995 - $199,815
- Franchise fee$40,000
- RoyaltyA weekly fee equal to: (i) commencing on the earlier of (a) the day of Franchisee’s receipt of its first shipment of 20 Bins or (b) 120 days from the date of the Franchise Agreement, $120 per week; (ii) commencing on the earlier of (a) the day of Franchisee’s receipt of its second shipment of 20 Bins or (b) 180 days from the date of the Franchise Agreement, $240 per week; and (iii) commencing on the day of Franchisee’s receipt of any additional shipment of Bins (beyond the initial package of 40 Bins), the greater of (y) $6 per Bin that Franchisee has purchased and received, whether or not any or all of the Bins are placed at Bin Locations within the time limits required by the Franchise Agreement, or (z) $240 per week.
- Brand fundA 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 within the time limits required by the Franchise Agreement.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Retail industry:
General retail franchises cover a wide range of products, from gifts and hobbies to hardware and convenience stores. This versatile sector offers opportunities for diverse interests.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-07-12
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Clothes Bin, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Clothes Bin's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Clothes Bin, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Clothes Bin franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Clothes Bin provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 39 |
| Franchise locations | 34 |
| Corporate locations | 5 |
System growth over time
FAQs
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