The initial investment to open a Junk King Franchise ranges between $89,850-176,440, with the biggest portion of the initial investment being the purchase of the territory based on population count. Territory population sizes range between 450,000-650,000 people.
|Type of Expenditure||Amount||Method of Payment||When Due|
|Initial Franchise Fee||$54,000-78,000||Lump sum||At signing of Franchise Agreement|
|Travel and Living Expenses While Training||$1,500-7,000||As incurred||Before opening|
|Inventory and Supplies||$500-1,000||As incurred||Before opening|
|Fixtures, Furniture, and Equipment||$2,000-3,000||As incurred||Before opening|
|Signage||$1,000-2,000||Lump sum||Before opening|
|Vehicles||$10,000-27,000||Lump sum||Before opening|
|Office and Warehouse Lease||$1,500-6,000||As incurred||Monthly|
|Leasehold Improvements||$0-5,000||Lump sum||Before opening|
|Prepaid Expenses/Insurance||$600-1,440||Lump sum||Before opening|
|Pre-Opening Payroll||$4,500-12,000||Bi-weekly||As incured|
|Additional Funds – 3 months||$14,250-33,000||As incurred||Before opening|
The Initial Franchise Fee ranges between $54,000-78,000, depending on the population size within the territory (between 450,000 and 650,000 population). The Initial Franchise Fee is calculated as $0.12/person in the territory.
Our minimum financial requirements are $50,000 in liquid assets and a $150,000 net worth.
Our franchisees all use non-CDL Isuzu trucks that can be driven by anybody with a driver’s license in good standing. You will start your business with one truck and scale your business by adding additional trucks. Our operational support will work with you to determine when the appropriate time would be to purchase additional trucks for your business.
The royalty rate is 8% monthly of gross revenue.
As with any business, there are ongoing fees and expenses associated with operating your business. Other than royalty, there are two other fees paid to Junk King.
Territories are created based on zip codes. The population size within a territory ranges between 450,000-650,000 people.
Yes. Some of our franchisees choose to hire a manager to run their Junk King Franchise while others choose to operate the business themselves. Our franchisees must all be involved in the business, even if they are not managing the daily operations. Regardless of how you choose to manage your business, we do require that all franchisees as well as their managers attend our week-long training program at our corporate headquarters in San Francisco, CA.
Your Junk King Franchise will service residential, business, and local government customers.
Junk King franchisees are provided with a strong support system, from pre-opening throughout the life of the franchise. Support includes initial training, operational support, and a marketing team dedicated to helping our franchisees grow their business. Our proprietary software Netware helps our franchisees run the daily operations of their business, from employee scheduling, reporting, job scheduling, and tracking trucks in real time.
A new Junk King Franchise starts with 2-3 employees.
We estimate that about 60% of truckload is recyclable, reusable, or able to be repurposed. Our franchisees either resell items in good condition or donate gently used furniture or appliances. This practice not only helps the community, but it also reduces dump fees and generates income. Scrap metal and other items can be recycled, and the rest of the items that are not salvageable can be brought to the dump.
The initial term for a Junk King franchise is 10 years and is renewable for an additional 10-year term.
Typically, a new Junk King franchise can be up and running within 5-12 weeks of signing your Franchise Agreement.