
Junk King
Junk removal- 2021 Franchise 500 Rank
-
#496 Not ranked last year
- Initial investment
-
$90K - $175K
- Units as of 2020
-
112 27.3% over 3 years
Company Overview
About Junk King
- Industry
- Services (Other)
- Related Categories
- Moving/Junk-Removal Services, Miscellaneous Services
- Founded
- 2005
- Leadership
- Michael Andreacchi, CEO & Cofounder
Franchising Overview
- Franchising Since
- 2010 (11 years)
- # of employees at HQ
- 98
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 112 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Junk King 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
- $54,000 - $78,000
- Initial Investment
- $89,850 - $175,440
- Net Worth Requirement
- $150,000 - $1,000,000
- Cash Requirement
- $50,000 - $75,000
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 8%
- Ad Royalty Fee
- $475/mo.
- Term of Agreement
- 10 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
- Junk King 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
- 20 hours
- Classroom Training
- 30 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsSite SelectionFranchisee Intranet Platform
- Marketing Support
-
National MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Junk King landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Junk King ranked on other franchise lists? Find out below.
Franchise 500 Ranking
Top Franchises for Less Than $100,000
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