- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$80K - $102K
- Units as of 2022
4 33.3% over 3 years
Gone for Good is a moving and junk removal franchise specializing in eco-friendly junk hauling and recycling. Reusable items they collect are sent to specific local and international charities and organizations.
Reid Husmer opened the first Gone for Good in Denver, Colorado, in 2008. Since beginning to franchise in 2018, Gone for Good has introduced multiple franchises across the western part of the United States.
With its innovative approach via the GFG Business Management Software System, Gone for Good believes it has positioned itself as a company that takes care of its social and ethical responsibilities while delivering quality performance for both home and business owners.
Why You May Want To Start a Gone for Good Franchise
Gone for Good franchisees are expected to follow a set of company ethics: integrity, collaboration, accountability, and the utmost respect for the environment. The company looks for individuals with strong customer service skills who can effectively connect with customers and represent these values.
Franchisees typically do not need a background in junk and waste removal and can come from all walks of life. However, passionate individuals with strong customer service skills may be well-suited to a Gone for Good franchise. Between moving and junk-removal services, the company believes it has not only become an affordable option for customers but a convenient one, too. Franchisees looking for a turnkey option may also be pleased.
What Might Make a Gone for Good Franchise a Good Choice?
Gone for Good emphasises its experience and knowledge in the waste and junk industry, which may cover the best and most responsible environmentally friendly disposal and recycling practices. As a franchisee, you should expect to perform waste and junk removal in an environmentally conscious way that benefits the community. You should also be hitting the goals of locating and fulfilling bin requests, deciphering and dealing with recyclable billing, and finding out what impacts your attempts at being green.
To be part of the Gone for Good team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees.
How To Open a Gone for Good Franchise
Gone for Good tries to streamline the franchise process by providing training to franchisees. Corporate will teach you how to use the equipment and stick to the company's business model.
As you decide if opening a Gone for Good franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Gone for Good franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
After completing the initial steps of applying for a Gone for Good franchise, you should compile a set of questions as you move forward with an initial phone call and attend a company discovery day at headquarters in Denver, Colorado.
About Gone for Good
|Franchising Since||2018 (5 years)|
|# of employees at HQ||8|
This company is offering new franchisees throughout the US.
|# of Units||4 (as of 2022)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Gone for Good 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$80,405 - $102,000|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Gone for Good has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll|
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||16 hours|
|Classroom Training||16 hours|
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Gone for Good? Request a free consultation with a Franchise Advisor now.
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