Asset-Heavy and Labor-Light Franchise Opportunity
Evaluating the pros and cons of investing in a new business venture can be overwhelming. With today’s labor market instability and soaring costs for traditional storefronts, investing in a business that relies heavily on physical locations and labor can be risky.
Conversely, investing in a business that leverages tangible assets and serves a constant demand offers greater stability and can be a more prudent long-term choice. This is what sets redbox+ Dumpsters apart as a unique franchise opportunity.
redbox+ Dumpsters franchise owners benefit from a business model that is asset-heavy and labor-light. This means that the majority of costs of ownership are associated with hard assets that retain value, can be utilized for many years, and can aid in the continued profit potential and growth of the business.
The total costs of ownership to open a redbox+ Dumpsters franchise range from $598,222 to $836,447, and include the hard assets needed to launch the business:
- A custom Kenworth tandem truck
- A minimum of 32 initial dumpsters
An asset-heavy, labor-light business model offers the advantage that your initial dumpsters keep generating value as you acquire more dumpsters and expand into new areas. The primary labor involved is simply having a driver to place the dumpsters at the site, collect them when full, and return them to continue the cycle.
“redbox+ Dumpsters is an attractive investment because you know in advance what your fixed costs are going to be,” says Steve Jahner, Regional Business Coach. “You know what your small business loan costs will be, the costs of your truck, your fuel costs, the costs of your driver, and so on. Other businesses tend to have much more fluctuation in terms of ongoing costs, which hampers their ability to project their revenue potential. Redbox+ Dumpsters is the opposite, and that’s a big advantage from the perspective of a business owner who wants to grow.”
Financing Available
We have great relationships with third-party lenders, which can make investing in a redbox+ Dumpsters franchise more affordable. Since redbox+ Dumpsters is part of BELFOR Franchise Group, lenders are often more comfortable with our franchisees because we have a proven record.
Military Veteran Discounts
Military Veterans make exceptional entrepreneurs. The ability to follow systems, proven leadership skills, and a natural drive to succeed are key qualities veterans often possess that also make for ideal redbox+ Dumpsters franchise owners. We proudly offer discounts on our initial franchise fee to all qualified military veterans. We thank you for your service. Contact us to learn more.
redbox+ Dumpsters Franchise Costs and Fees
To get a deeper understanding of how much it costs to start a waste removal business with redbox+ Dumpsters, please review Item 7 from our most recent franchise disclosure document below:
| Type of Expenditure | Low | High | Method of Payment |
|---|---|---|---|
| Initial Franchise Fee | $59,500 | $59,500 | Lump Sum |
| Initial Containters | $238,664 | $366,649 | Lump Sum |
| Truck Equipment Package (“TEP”) | $87,765 | $99,114 | Lump Sum |
| Truck | $141,306 | $153,547 | Lump Sum |
| Transportation | $10,000 | $40,000 | Lump Sum |
| Container Assembly / Set-Up Fee | $4,000 | $4,000 | Lump Sum |
| Proprietary GPS Tracking System and Point of Sale/ CRM Software Package | $1,209 | $1,209 | Lump Sum |
| Computer Equipment and Software | $3,000 | $5,000 | Lump Sum |
| Rent and Utility Deposits | $0 | $30,000 | As Incurred |
| Insurance Deposits and Premiums | $10,200 | $17,850 | As Arranged |
| Pre-Opening Travel Expense | $1,000 | $3,000 | As Incurred |
| Kick Start Marketing Program | $6,400 | $6,400 | As Incurred |
| Professional Fees | $2,250 | $5,750 | As Arranged |
| Business Permits and Licenses | $250 | $1,000 | As Incurred |
| Office and Small Equipment | $750 | $1,500 | As Incurred |
| Promotional Package | $6,928 | $6,928 | As Incurred |
| Additional Funds | $25,000 | $35,000 | As Incurred |
| TOTAL ESTIMATED INITIAL INVESTMENT | $598,222 | $836,447 | As Incurred |
