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2021 Franchise 500 Rank
#389 Not ranked last year
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Initial investment
$156K - $200K
Units as of 2020
40 233.3% over 3 years

Company Overview

Clothes Bin is a clothing and textile recycling franchise, with franchisees in 15 states. The company has developed a semi-absentee process for the collection, management, distribution, and recycling of clothes, shoes, and textiles. Clothes Bin has partnered with more than 250 schools across the country to educate on the importance of textile recycling and pay the schools for every pound recycled in the bin provided to them.

About Clothes Bin

Industry
Services (Other)
Related Categories
Miscellaneous Services
Founded
2014
Leadership
Marc Douglas, Chairman

Franchising Overview

Franchising Since
2015 (6 years)
# of employees at HQ
10
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
40 (as of 2020)

Franchisor Information

Corporate Address
3911 S.W. 47th Ave., #903
Davie, FL 33314

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Clothes Bin 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
$40,000
Initial Investment
$156,145 - $199,965
Net Worth Requirement
$350,000
Cash Requirement
$100,000
Veteran Incentives
$5,000 off first-unit franchise fee
Royalty Fee
$6/bin/wk.
Term of Agreement
5 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
Clothes Bin has relationships with third-party sources which offer financing to cover the following: franchise fee, 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
48-56 hours
Classroom Training
4 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Regional Advertising
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
Yes
# of employees required to run
-2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Clothes Bin landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Clothes Bin ranked on other franchise lists? Find out below.

Ranked #389

Franchise 500 Ranking

Ranked #82

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021