Garbage Works Franchise Prices, Charges, Revenues, Earnings (2023 Evaluate)

On this unique Franchise Chatter FDD Discuss put up, you’ll study the next:

Part I – Estimated preliminary funding (franchise prices) for a Garbage Works franchise, based mostly on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise charge, royalty charge, and advertising and marketing charge for a Garbage Works franchise, based mostly on Objects 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned Garbage Works retailers in the beginning of the yr and the tip of the yr for 2020, 2021, and 2022, based mostly on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the Garbage Works franchise alternative

Part V – Presentation and evaluation of Garbage Works’ monetary efficiency representations (common revenues and/or earnings), based mostly on Merchandise 19 of the corporate’s 2023 FDD, together with info on the:

• 2022 common, median, highest, and lowest job measurement for the 4 Garbage Works franchisees who have been open and reporting product sales for the complete 2022 fiscal yr

Part VI – Key ratios, comparables, computations, and analyses for the Garbage Works franchise alternative (unique content material for Platinum subscribers)

Part I – Garbage Works Franchise Prices

• Garbage Works franchise prices, based mostly on Merchandise 7 of the corporate’s 2023 FDD:

• Franchise Charge:  $65,000
• Car:  $1,500 to $5,000
• Actual Property and/or Leasehold Enhancements:  $0 to $3,000
• Gear and Provides:  $1,250 to $3,500
• Insurance coverage:  $2,000 to $5,000
• Signage:  $3,000 to $4,000
• Expertise Charge:  $5,000
• Grand Opening:  $2,500 to $5,000
• Coaching Bills:  $2,000 to $4,000
• Licenses/Bonds:  $100 to $1,500
• Skilled Charges:  $1,500 to $3,000
• Extra Funds (3 months):  $22,500 to $40,000
• Whole Estimated Garbage Works Franchise Prices:  $106,350 to $144,000

Part II – Garbage Works’ Preliminary Franchise Charge, Royalty Charge, and Advertising and marketing Charge

• Garbage Works’ preliminary franchise charge, royalty charge, and advertising and marketing charge, based mostly on Objects 5 and 6 of the corporate’s 2023 FDD:

• Franchise Charge:  $65,000
• Royalty:  6% of Gross Gross sales; $150 per week, minimal
• Advertising and marketing Fund:  2% of Gross Gross sales
• Promoting Cooperative Charge:  as much as $10,000 or 2% of Gross Gross sales per yr, whichever is bigger

Part III – Variety of Franchised and Firm-Owned Garbage Works Retailers

Franchised

2020

• Retailers on the Begin of the Yr:  0
• Retailers on the Finish of the Yr:  0
• Internet Change:  0

2021

• Retailers on the Begin of the Yr:  0
• Retailers on the Finish of the Yr:  8
• Internet Change:  +8

2022

• Retailers on the Begin of the Yr:  8
• Retailers on the Finish of the Yr:  10
• Internet Change:  +2

Firm-Owned

2020

• Retailers on the Begin of the Yr:  0
• Retailers on the Finish of the Yr:  0
• Internet Change:  0

2021

• Retailers on the Begin of the Yr:  0
• Retailers on the Finish of the Yr:  0
• Internet Change:  0

2022

• Retailers on the Begin of the Yr:  0
• Retailers on the Finish of the Yr:  0
• Internet Change:  0

Part IV – Information Updates on the Garbage Works Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for the Garbage Works Franchise (Merchandise 19, 2023 FDD)

Common, Median, Highest, and Lowest Job Measurement for Franchised Companies Throughout the 2022 Fiscal Yr

• Garbage Works surveyed the 4 franchisees who have been open and reporting Gross Gross sales for the complete 2022 fiscal yr concerning their common job measurement in the course of the 2022 fiscal yr. The under info displays the responses from these 4 franchisees.

• The under info doesn’t embrace info for the three franchisees who weren’t open and reporting info in the course of the full 2022 fiscal yr.

• Common Job Measurement:  $305
• Median Job Measurement:  $360.14
• Highest Job Measurement:  $449.92
• Lowest Job Measurement:  $270.37

• This quantity is consultant of franchised Companies that reported all 12 months in 2022.

• All knowledge pulled from franchisee-submitted experiences and assumed to be correct.

• Garbage Works has not audited or verified this info. This info has not been individually audited or verified by an impartial licensed public accountant, and it could not have been ready on a foundation per typically accepted accounting rules.

• Some retailers have offered this quantity. Your particular person outcomes could differ. There isn’t any assurance that you simply’ll promote as a lot.

Part VI – Garbage Works Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️