When you purchase a franchise you are connected to everything you need to start and expand the business, including an exclusive protected territory, uniforms, marketing materials, operational tools and access to an electronic support system. Also included is comprehensive training, detailed dealer manuals, sample forms, stationary, technical publication and marketing support materials (ad mats, log sheets, camera-ready artwork, logo identified items, client literature).
Franchise Acquisition, Miscellaneous Tools and Supplies
When you are granted a Bin There Dump That exclusive service territory, you will pay an Initial License Fee (ILF) ranging from $27,000 to approximately $40,000, based on the size of your exclusive territory.
You may also obtain a thirty (30) day option to acquire a franchise Service Market by paying a deposit as an Option Fee.
In addition to the Initial Licensee Fee you will require initial operating capital as outlined in the Franchise Offering.
In addition to the Initial Licensee Fee you will require initial operating capital as outlined in the Franchise Offering.
Royalties, Advertising, Vehicle and Equipment
Royalties are based on the number of production vehicles in your fleet. They are paid in 12 equal payments commencing January 1 of each year or in the first month preceding the signing of the License Agreement. Unlike most franchise businesses, your Royalties are not based on your gross sales, but are a fixed cost that you can budget for! This system allows Bin There Dump That Franchise Operators to create as much business as they can with each truck without increasing the yearly royalty!
National advertising is carried out on behalf of Bin There Dump That licensees by That Franchise Inc. An Advertising Fund holds monies collected each month and advertising expenditures are bourn jointly by licensees and That Franchise Inc.
Service Trucks and Bins
Service trucks and major equipment components are leased by the dealer as a single unit, typically for a five year term, with a buy-out option at the end of the lease. Lease program development assistance may or may not be available from That Franchise Inc. at the initiation of a franchise. Paint is facilitated through the delivering dealer(s) and decals are supplied through That Franchise Inc. Bins can be either purchased outright or leased. The recommended volume of bins to start are between 10 and 20, with a minimum of 10.
