1-800-GOT-JUNK is a junk removal service that helps customers get rid of unwanted items. The franchise provides professional junk removal services to both residential and commercial clients.
Key Insights
- 1-800-GOT-JUNK began with a single truck and a commitment to providing a professional junk removal experience. The business grew through a focus on customer service and a distinctive brand, building a national presence and establishing itself as a leader in the industry.
- The franchise operates through a network of local franchises, each equipped with trucks and trained teams. Customers book services online or by phone, and teams arrive to provide upfront pricing and remove unwanted items from homes and businesses.
- The junk removal industry addresses a consistent consumer need for decluttering and disposal of a wide variety of items. This sector experiences ongoing demand driven by residential and commercial renovations, life transitions, and general consumer habits.
Franchise Fee and Costs to Open
Exploring the financial picture of 1-800-GOT-JUNK gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $183,800 - $294,000, along with a franchise fee of $65,000 - $97,500.
Financial Performance and Revenue
Yearly gross sales of $2,032,678 and estimated earnings of $386,209 - $426,863 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.6-3.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
1-800-GOT-JUNK provides comprehensive training for new franchisees. The initial training program is a two-week, in-person experience held at their headquarters. This program covers operational procedures and business development. Resources offered include ongoing support and access to a network of fellow franchisees. The franchisor provides materials and guidance to assist in establishing a successful business.
Legal Considerations
Legal considerations for a 1-800-GOT-JUNK franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a junk removal franchise presents several considerations. Navigating local market competition requires distinct service offerings and effective marketing. The operational complexity of managing truck fleets, scheduling, and labor demands consistent oversight. A reliance on specific supply chains for disposal and recycling facilities can impact service efficiency and cost.
Franchise Datasheet
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