- Liquid capital required
- $75,000
- Net worth required
- $250,000
- Total investment
- $134,270 – $188,295
- Financing
- Via 3rd party
- Training
- Available
- Total units
- 34
- Year founded
- 1986
About Clothes Bin
Clothes Bin is a textile recycling business developed to fulfill a tremendous need in the local communities of our franchise owners. The average American discarding about 70 pounds of clothing, shoes, and other textile goods each year, and the majority of this material ends up in landfills. This works out to nearly 17 billion pounds of preventable waste a year and a prime source of earning potential. Our franchisees will plan out the locations for the bins, which can be moved and placed at any time to increase productivity. Once the bins begin to near capacity, internal sensors register this and the franchisee is notified. They may then decide to sell the contents collected themselves in whatever manner they choose or utilize our Corporate Buy Back Program.
Values & History
At Clothes Bin, we've developed a streamlined process for the collection, management, and distribution of textiles across the country. Our bins are strategically placed in the parking lots of convenience stores, gas stations, shopping centers anyplace that people congregate and our familiar, bright green bins are designed to catch the eye of anyone looking for a convenient way to recycle their unwanted textile products. Franchise owners operating under the Clothes Bin model are helping to clean up the environment and earning a solid income by doing so. The best part? The bins do most of the work, collecting items around the clock, allowing you to focus on other businesses, another job, or personal time with the family.
Industry Performance
The recycling rate for textiles in 2017 was approximately 15.2%, about 2.6 million tons overall. The EPA estimates that about 13.6% of that figure came from clothing and footwear, based on information from the American Textile Recycling Service. 3.2 million tons of this material was combusted, while 11.2 million tons went to landfills. This presents a clear opportunity for green initiatives like Clothes Bin to capitalize on this growing need, and with our Corporate Buy Back Program franchise owners can rely on significant income without the hassle if they don't feel up to reselling the collected items themselves.
Purchasing a Clothes Bin Franchise
Prospective franchisees will need liquid assets of at least $75k and a total net worth no less than $250,000. The estimated total investment including initial franchise fees and working capital ranges between $134,270 and $188,295, with third-party financing options available for qualified applicants. Significant veterans discounts are available for those who qualify as well.
Ideal Candidate & Qualifications
No sales experience is necessary for a Clothes Bin franchise ownership, and our dedicated Bin Location Information Program helps the franchisee determine efficient collection routes, ideal locations for placement, and tracks which bins are doing well and which might do better in another location. All that's required is a determination to succeed with your own business, a drive for personal freedom and financial success, and the willingness to learn on the fly while helping the community do their part for the environment.
Training & Support
Our corporate training program includes a visit to our facility in South Florida for a Discovery Day, where you'll meet the corporate team, management staff, and employees. You'll also get the chance to view the business as it operates in person. Once the team approves your candidacy, all that's left is the completion of our training modules, an in-territory training program, then the scheduling and delivery of your Clothes Bins. It's all fairly straightforward and easy to manage.
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