In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:

Section I – Estimated initial investment (franchise costs) for a Bin There Dump That franchise, based on Item 7 of the company’s 2024 FDD

Section II – Initial franchise fee, royalty fee, and marketing fee for a Bin There Dump That franchise, based on Items 5 and 6 of the company’s 2024 FDD

Section III – Number of franchised and company-owned Bin There Dump That outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 FDD

Section IV – News updates on the Bin There Dump That franchise opportunity

Section V – Presentation and analysis of Bin There Dump That’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2024 FDD, including information on the:

• 2023 total revenue, total jobs, average revenue per job, and average revenue per truck for all Bin There Dump That franchisees who operated for any part of 2023

• 2023 average, median, high, and low revenue per truck for all Bin There Dump That franchisees who operated for any part of 2023, by location age (aged 0-2, 2-5, 5+, and all)

• 2023 total jobs completed, total trucks, and yearly jobs per truck for all Bin There Dump That franchisees who operated for any part of 2023, by location age (aged 0-2, 2-5, 5+, and all)

Section VI – Key ratios, comparables, computations, and analyses for the Bin There Dump That franchise opportunity (exclusive content for Platinum subscribers)

Section I – Bin There Dump That Franchise Costs

• Initial Franchise Fee:  $29,000 to $55,000
• Premises Rent and Security Deposit:  amount not specified
• Vehicles:  $14,800 to $16,000
• Opening Inventory of Bins, Equipment, and Supplies:  $50,000 to $120,000
• Initial Training Expenses:  $2,400
• Insurance and Other Prepaid Expenses:  $8,000 to $17,000
• Licenses, Legal, and Accounting Fees:  $2,000 to $5,000
• Additional Funds for 3 Months:  $10,000 to $20,000
• Total Estimated Bin There Dump That Franchise Costs:  $116,200 to $235,400, plus real estate, if you choose to establish an office

Section II – Bin There Dump That’s Initial Franchise Fee, Royalty Fee, and Marketing Fee

• Initial Franchise Fee:  $29,000, plus $1,000 for each increment of 25,000 persons over the base population of 125,000 in your Territory

• Royalties:  Year 1 of the initial term: $600 per production vehicle per month during the Franchise Agreement; Year 2 of the initial term: $900 per production vehicle per month during the Franchise Agreement; Year 3 of the initial term: $1,200 per production vehicle per month during the Franchise Agreement; Year 4 and all years after that (including any renewal terms): currently $1,300 per production vehicle per month during the Franchise Agreement, as that amount will be adjusted for annual increases to the Index

• Advertising Contributions and Administration Fees:  Year 1 of the initial term: $1,440 per production vehicle per year; Year 2 of the initial term: $2,160 per production vehicle per year; Year 3 of the initial term: $2,880 per production vehicle per year; Year 4 and all years after that (including any renewal terms): currently $3,123 per production vehicle per year, as that amount will be adjusted for annual increases to the Index

Section III – Number of Franchised and Company-Owned Bin There Dump That Outlets

Franchised

2021

• Outlets at the Start of the Year:  161
• Outlets at the End of the Year:  176
• Net Change:  +15

2022

• Outlets at the Start of the Year:  176
• Outlets at the End of the Year:  198
• Net Change:  +22

2023

• Outlets at the Start of the Year:  198
• Outlets at the End of the Year:  206
• Net Change:  +8

Company-Owned

2021

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2022

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

2023

• Outlets at the Start of the Year:  0
• Outlets at the End of the Year:  0
• Net Change:  0

Section IV – News Updates on the Bin There Dump That Franchise

Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Bin There Dump That Franchise (Item 19, 2024 FDD)

• Presented below are historical operating results for certain franchised Bin There Dump That Businesses.

• The results in the table below are for the 2023 fiscal year (January 1, 2023 to December 31, 2023) and were prepared from Bin There Dump That’s internal operating records, which, in turn, were prepared from information obtained from Bin There Dump That’s U.S. franchisees.

• The results are from all franchisees who operated for any part of 2023. No franchisees were excluded from the results.

• The information presented in this Item 19 has not been audited.

Part 1 – 2023 Total Sales and Jobs

All Locations

• Number of Locations:  374
• Total Revenue for All Locations:  $102,419,221
• Total Jobs for All Locations:  232,504
• Average Revenue Per Job:  $441
• Average Revenue Per Truck:  $294,055

Part 2 – 2023 Revenue Per Truck by Location Age

Aged 0-2

• Number of Locations:  22
• Average Revenue Per Truck:  $188,846
• Number That Met or Exceeded Average:  15 out of 22 (or 68%)
• Low Revenue Per Truck:  $12,870
• Median Revenue Per Truck:  $223,390
• High Revenue Per Truck:  $342,664

Aged 2-5

• Number of Locations:  79
• Average Revenue Per Truck:  $277,198
• Number That Met or Exceeded Average:  36 out of 79 (or 46%)
• Low Revenue Per Truck:  $140,851
• Median Revenue Per Truck:  $277,223
• High Revenue Per Truck:  $408,867

Aged 5+

• Number of Locations:  273
• Average Revenue Per Truck:  $289,407
• Number That Met or Exceeded Average:  166 out of 273 (or 61%)
• Low Revenue Per Truck:  $138,006
• Median Revenue Per Truck:  $289,714
• High Revenue Per Truck:  $473,663

All Locations

• Number of Locations:  374
• Average Revenue Per Truck:  $294,055
• Number That Met or Exceeded Average:  188 out of 374 (or 50%)
• Low Revenue Per Truck:  $12,870
• Median Revenue Per Truck:  $275,442
• High Revenue Per Truck:  $473,663

Part 3 – 2023 Total Jobs, Jobs Per Truck, and Total Trucks by Location Age

Aged 0-2

• Number of Locations:  22
• Total Completed Jobs:  8,718
• Total Trucks:  22
• Yearly Jobs Per Truck:  543

Aged 2-5

• Number of Locations:  79
• Total Completed Jobs:  43,536
• Total Trucks:  79
• Yearly Jobs Per Truck:  609

Aged 5+

• Number of Locations:  273
• Total Completed Jobs:  180,250
• Total Trucks:  273
• Yearly Jobs Per Truck:  691

All Locations

• Number of Locations:  374
• Total Completed Jobs:  232,504
• Total Trucks:  374
• Yearly Jobs Per Truck:  668

• Jobs means total number of work orders for a truck during the year. A work order consists of the delivery and recovery of a bin.

• Revenue includes all income earned for the services of a truck, and is determined by multiplying the number of jobs by the average revenue per job.

• Location Age means the number of years the franchised location has been in business.

• Jobs Per Truck is the total completed jobs divided by the number of trucks utilized during the year. All trucks operated by Bin There Dump That franchisees during any part of 2023 were included in the results. The median jobs per truck in 2023 was 617, the high number was 1,104, and low number was 63.

• Revenue Per Truck is determined by taking the average cost per job ($418) and multiplying that by the number of jobs the truck did during the year.

• Jobs, Jobs Per Truck, Revenue, and Revenue Per Truck figures provide only a part of the information that you will need to evaluate the franchise opportunity. Bin There Dump That urges you to carefully consider not just these figures but also the information that you independently verify and develop about the costs that you are likely to incur. All of the trucks included in the results are operated by franchised units.

• Some Bin There Dump That Businesses have earned this amount. Your individual results may differ. There is no assurance you’ll earn as much.

Section VI – Bin There Dump That Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️