Junk Kingestablished in 2005 in San Carlos, California, is a number one junk elimination and recycling firm. Headquartered in Burlingame, California, the corporate started franchising in 2010 and has since expanded to over 165 areas throughout the USA and Canada.
Junk King makes a speciality of eradicating non-hazardous gadgets, together with furnishings, home equipment, yard waste, and building particles, serving each residential and business purchasers.
A key differentiator for Junk King is its dedication to eco-friendly practices; the corporate recycles, reuses, or donates roughly 60% of the supplies it collects, considerably decreasing landfill waste.
Moreover, Junk King’s vehicles are 20% bigger than these of many rivals, permitting for extra environment friendly service and value financial savings for patrons. The corporate additionally affords a number of income streams, together with customary junk elimination, dumpster leases, and recycling providers.
Preliminary Funding
How a lot does it value to begin a Junk King franchise? It prices on common between $93,000 – $180,000 to begin a Junk King franchised facility.
This contains prices for building, tools, stock, and preliminary working bills. The precise quantity relies on numerous components, together with the placement, and whether or not the franchisee chooses to lease or buy the property.
| Sort of Expenditure | Low Quantity | Excessive Quantity |
|---|---|---|
| Preliminary Franchise Price | $54,000 | $78,000 |
| Journey and Residing Bills Whereas Coaching | $1,500 | $7,000 |
| Stock and Provides | $500 | $1,000 |
| Fixtures, Furnishings, and Tools | $2,000 | $3,000 |
| Signage | $1,000 | $2,000 |
| Autos | $15,000 | $20,000 |
| Workplace and Warehouse Lease | $1,500 | $6,000 |
| Leasehold Enhancements | $0 | $5,000 |
| Pay as you go Bills/Insurance coverage | $1,800 | $3,000 |
| Pre-Opening Payroll | $1,000 | $5,000 |
| Further Funds – 3 months | $15,000 | $50,000 |
| Whole Estimated Preliminary Funding | $93,300 | $180,000 |
Common Income (AUV)
How a lot income are you able to make with a Junk King franchise? A Junk King franchised enterprise makes on common $477,000 in income (AUV) per 12 months.
Right here is the extract from the Franchise Disclosure Doc:
This compares to $383,000 yearly income for comparable waste franchises.
Junk King rivals
Franchise Disclosure Doc
Incessantly Requested Questions
What number of Junk King areas are there?
As of the newest knowledge, Junk King operates almost 200 areas throughout the USA and Canada. The vast majority of these are franchise-owned, with a smaller quantity being company-owned. This intensive community underscores Junk King’s important presence within the junk elimination and recycling business.
What’s the whole funding required to open a Junk King franchise?
The entire funding required to open a Junk King franchise ranges from $93,000 to $180,000.
What are the continuing charges for a Junk King franchise?
A Junk King franchise requires an 8% royalty charge on gross income. Moreover, franchisees pay a Buyer Care Middle charge of 5% and a Advertising and marketing, Promoting, and Promotion (MAP) charge beginning at $575 per thirty daysrising to $795 after the primary 12 months. Native Advertising and marketing Group charges may apply, as much as 3% of product sales, or $400 month-to-month, with a six-month waiver for brand new franchisees.
What are the monetary necessities to develop into a Junk King franchisee?
To qualify as a Junk King franchisee, candidates ought to possess a minimal web value of $150,000 and a minimum of $50,000 in liquid property. These monetary benchmarks be sure that franchisees have the mandatory assets to ascertain and maintain their operations successfully.
How a lot can a Junk King franchise proprietor anticipate to earn?
The common product sales for a Junk King franchise are roughly $0.48 million per location. Assuming a 15% working revenue margin, $0.48 million yearly income may end up in $72,000 EBITDA yearly.
Who owns Junk King?
Junk King is owned by Neighborly, which acquired the corporate in November 2022. This acquisition made Junk King a part of Neighborly’s expansive portfolio of house service manufacturers.
Disclaimer
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