5/10

Franchimp Summary Rating

2 /10
Higher than 80% of peers

Franchise Summary

Description
As a franchisee, you will operate a redbox+ business, which offers a roll-off container/portable toilet combination using our patented technology.
Company Background
RedBox+ is a revolutionary portable toilet solution that offers commercial and residential customers an environmentally-friendly, cost-effective alternative to the traditional porta potty. The patented RedBox+ technology combines two pieces of equipment into one: a solid waste container and a portable toilet. This unique combination means your guests will be able to relieve themselves in comfort without having to walk away from their event, spend time walking across your property or waiting in long lines for the nearest restroom facility. Our Mission Statement: Redbox+ provides innovative solutions that are both practical and profitable for our clients with minimal environmental impact
Franchise Opportunity
We all know that portable toilets are important for special events, but they can be expensive and hard to find. Portable toilets are often dirty, smelly and unsanitary. It's common for them to break down before the event is over. They're also difficult to find in many areas of the country - especially at short notice! Our patented RedBox+ toilet system solves all of these problems by combining a portable toilet with a dumpster-style container into one easy-to-use unit! No more tearing up your grass or digging holes on your property! The RedBox+ will blend seamlessly into any environment you choose without sacrificing quality or sanitation standards. Best of all? You'll save money when compared with renting traditional porta potties from other companies because our units are cheaper AND easier than those found elsewhere. Get started today by contacting us directly through the website!
Corporate Structure
Red Box +, LLC is a Minnesota limited liability company formed in February, 2014. They maintain our principal business address at 818 West Third Street, Winona, Minnesota 55987. They have offered franchises for redbox+ businesses since March, 2014.

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. Services-General Industry

$259,670 / unit

Franchise Type: Standard

Average Revenue During 2020

$259,670
$96,614
Industry Low
$5,825,720
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of redbox+ Franchisees

redbox+ Franchise System Development in 2022

FAQ

How much investment do I need to start my own redbox+ business?
Franchisees typically require at least $646 to $773 investment to get their redbox+ business started
What are the initial franchise fees for redbox+?
Franchisees typically need to pay at least $593 in fees directly to redbox+ in order to earn the right to launch their business
How much money can I make with a redbox+ franchise? What are the average revenues for a typical redbox+ business?
We estimate that the average revenue of an individual redbox+ unit is approximately $259,670. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a redbox+ unit? What is my contractual commitment?
redbox+ franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

2 /10
The Franchisor's investment costs ranges from $646,177 to $773,313 which is Much Higher than the $0 to $0 average in the Services-General 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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