The franchised business being offered is Clothes Bin, which involves the operation, management, and placement of recycling collection bins for clothes, shoes, and textile items.
Company Background
FLSC Recycling, LLC is a family-owned and operated business that was established in 2015. The company offers Clothes Bin franchises for the operation, management, monitoring and placement of recycling collection bins for clothes, shoes and textile items. It also provides clothing pickup services to residential homes as well as commercial properties including apartments complexes. FLSC Recycling has been offering its franchise since January 2015.
Franchise Opportunity
Recycling is important, but it can be hard to know where to start. According to the EPA, only about 34% of recyclable materials were actually recycled in 2014. That means 66% of that material went into a landfill or incinerator. FLSC Recycling, LLC offers a convenient and easy way for you to recycle your clothes, shoes and textiles with our Clothes Bin franchise program. With over 100 locations nationwide, we make recycling easy for you no matter where you live.
Corporate Structure
The franchisor is FLSC Recycling, LLC, a Florida limited liability company formed in December 2014, whose parent is Recycling Brands, LLC.
Royalties and Marketing Fees
Royalties : A weekly fee equal to: (i) commencing on the day of Franchisee?s receipt of its first shipment of 20 Bins, $120 per week; (ii) commencing on the day of Franchisee?s receipt of its second shipment of 20 Bins, $240 per week; and (iii) commencing on the day of Franchisee?s receipt of any additional shipment of Bins (beyond the initial package of 40 Bins), the greater of (y) $6 per Bin that Franchisee has purchased and received, whether or not any or all of the Bins are placed at Bin Locations within the time limits required by the Franchise Agreement, or (z) $240 per week.
Royalties : A weekly fee not greater than One Dollar and Fifty Cents ($1.50) per Bin that Franchisee has purchased and received, whether or not any or all of the Bins are placed at Bin Locations within the time limits required by the Franchise Agreement.
Royalties : A weekly fee not greater than One Dollar and Fifty Cents ($1.50) per Bin that Franchisee has purchased and received, whether or not any or all of the Bins are placed at Bin Locations within the time limits required by the Franchise Agreement.
Earnings Transparency
7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Clothing & Accessories Industry
$400,191 / unit
Franchise Type: Standard
Average Revenue During 2022
$400,191
$400,191 Industry Low
$1,301,330 Industry High
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
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Name
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Phone Number
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Clothes Bin Franchise System Development in 2024
FAQ
How much investment do I need to start my own Clothes Bin business?
Franchisees typically require at least $161,940 to $216,980 investment to get their Clothes Bin business started
What are the initial franchise fees for Clothes Bin?
Franchisees typically need to pay at least $135,290 in fees directly to Clothes Bin in order to earn the right to launch their business
How much money can I make with a Clothes Bin franchise? What are
the average revenues for a typical Clothes Bin business?
We estimate that the average revenue of an individual
Clothes Bin unit is approximately
$400,191. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Clothes Bin unit? What
is my contractual commitment?
Clothes Bin franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
7 /10
The Franchisor's investment costs ranges from
$161,940 to $216,980
which is
Much Lower
than the $0 to $0 average in the Clothing & Accessories industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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