What does a Clothes Bin Franchise Cost?
Clothes Bin franchise fees for 2024:
Total Investment: $141,340 - $196,380 (Includes $15,000-$40,000
working capital)
Required Liquid Capital: $125,000
Minimum Net Worth: $500,000
Franchise Fee:
- 1st FF - $49,500
- 2nd FF - $35,000 (discounted $14,500)
- 3rd+ FF - $20,000 (discounted $29,500)
Royalty: $6/Bin/Week
Ad: N/A
Average Number of Employees: Owner Operator, or owner plus 1 or 2
part-time employees
Item 19: Yes
Visa Candidates: No
Passive Ownership: Semi absentee/part time
Home Based: Yes
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount: Yes. $5,000 Available for Active or Retired
Military, Veterans, First Responders.
Is Clothes Bin a Semi Absentee Franchise with a Passive Ownership Opportunity?
Yes. Clothes Bin is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.
Is Clothes Bin a Home Based franchise?
Yes. Clothes Bin is a home based franchise opportunity.
What Do Clothes Bin Franchise Owners Make?
Click here to find out how much Clothes Bin franchisees make. Clothes Bin offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.
Is Clothes Bin a Master Franchise Opportunity?
No. Clothes Bin is not a master franchise opportunity.
Does Clothes Bin Offer a Veteran Discount?
Yes. Clothes Bin franchise does offer a veteran discount.
Does Clothes Bin Work with E2 Visa and EB-5 Visa Candidates?
No. Clothes Bin franchise does not work with E2 Visa and EB-5 Visa candidates.
Is Clothes Bin Looking for Franchisees in Canada?
No. Clothes Bin franchise is not looking for Canada franchisees.
Is Clothes Bin Looking for International franchisees?
No. Clothes Bin franchise is not looking for International franchisees.
Where can I see Clothes Bin's FDD (Franchise Disclosure Document)?
Buying a Franchise Guide: What is a Franchise Disclosure Document?
When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.
Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.