- 2024 Franchise 500 Rank
-
#259 Ranked #162 last year
- Initial investment
-
$598K - $836K
- Units as of 2024
-
262 21.9% over 3 years
Company Overview
About redbox+ Dumpsters
Industry | Services (Other) |
---|---|
Related Categories | Dumpster Rentals, Moving/Junk-Removal Services, Miscellaneous Maintenance Businesses, Miscellaneous Services |
Founded | 2007 |
Parent Company | Belfor Franchise Group |
Leadership | Sean Foley, President |
Corporate Address |
731 Fairfield Ct. Ann Arbor, MI 48108 |
Social | Facebook, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2014 (10 years) |
---|---|
# of employees at HQ | 22 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 262 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a redbox+ Dumpsters franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$59,500 |
---|---|
Initial Investment
|
$598,222 - $836,447 |
Net Worth Requirement
|
$1,000,000 |
Cash Requirement
|
$250,000 |
Veteran Incentives
|
20% off first-unit franchise fee |
Royalty Fee
|
6%-8% |
Ad Royalty Fee
|
1.25% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | redbox+ Dumpsters has relationships with third-party sources which offer financing to cover the following: startup costs, equipment |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 11 hours |
---|---|
Classroom Training | 17.5 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
Yes |
# of employees required to run | 1-2 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where redbox+ Dumpsters landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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