What Does it Cost to Become a Junk Junk Baby! Franchisee, and How Much Can I Make?

Junk Junk Baby! offers a low-cost franchise opportunity in the waste industry, with a franchise fee of $45,000 and a development fee for additional units.

Read the original at 1851 Franchise
What Does it Cost to Become a Junk Junk Baby! Franchisee, and How Much Can I Make?

TL;DR

Junk Junk Baby! offers a low-cost franchise opportunity in the waste industry with a franchise fee of $45,000. The company is looking to expand its brand by bringing on new owners and scaling its services to more areas.

Junk Junk Baby!, an emerging junk removal brand that began franchise efforts in 2021, offers a bevy of benefits to those looking to own their own business in the fast-growing $75 billion waste industry. The company is excited to bring on new owners and scale the Junk Junk Baby! name by bringing valuable services to homeowners in more expansive areas.

Those who are interested in investing in just one Junk Junk Baby! territory can expect to invest $84,775 to $131,500, which includes the $45,000 franchise fee, while multi-unit agreements are available for $159,775 to $206,500. — including the $45,000 fee — and a $75,000 development fee for additional units.

“This is an exceptionally low-cost model, and the benefits of that go beyond cost savings,” said Eric Myers, CEO and founder of Junk Junk Baby! “It’s a simple, streamlined business that just about anyone can run. You don’t need a bookkeeper or manager or even any specialized skills. You just need to share our passion for taking care of people.”

The low initial investment cost for one territory covers everything new franchisees will need to get started and is all outlined in the brand’s 2022 Franchise Disclosure Document (FDD). These expenses include lease fees, utilities, equipment, inventory, signage, software, a grand opening marketing fund, insurance, training/travel expenses, professional hired services, a wrapped vehicle and permits.

Royalties and a brand development fund will be paid weekly, while technology fees are paid monthly. Local marketing spending requirements are $1,500 per month for the first year of operations and then 10% of gross sales monthly from then on. Renewals of franchise agreements are offered at 25% of the current fee to a new owner or $12,500 to the existing franchisee.

This affordable and attractive business model allows Junk Junk Baby! franchisees to tap into the growing demand for residential junk hauling services and enjoy the industry's many benefits, including steady revenue, flexible schedules, no experience necessary, and a strong potential for a fast return on investment.

According to the brand’s FDD, the average monthly gross sales for the original Junk Junk Baby! unit in Boston, Massachusetts, has grown significantly over the last three years. The gross revenue was approximately $230,000 in 2019, climbed to $320,000 in 2020 and rose again to $470,000 in 2021. An impressive 49% of that money was net profit for the business.

All of these perks showcase why Junk Junk Baby! is a great investment option. Franchise owners can open territories and become part of an emerging brand that is set to be a top name in the junk hauling service sphere. The company’s model has been tested, honed and proven successful over the past twelve years, resulting in a franchise model that allows new owners to hit the ground running and scale quickly.

“We’ve seen increasing demand for our service everywhere we look, especially over the last three years, despite the hardships in the world. We know there are passionate and talented entrepreneurs who can execute this model all over the country, and we are excited to offer this opportunity to them,” Myers said. “Right now, we’re focused on building a rock-solid foundation of franchise owners close to home before we move into markets all over the U.S.”

Junk Junk Baby! is starting its franchising efforts by targeting markets across the Northeast for development so that they can offer a deep level of support.

In this story

This story was originally published in 1851 Franchise on August 29, 2022. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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