BIN THERE...DUMP THAT FRANCHISE AGREEMENT

Item 7 outlines the initial investment range of $116,200-$235,400, covering franchise fee ($29,000), vehicles, bins, and working capital. Ongoing fees include fixed royalties starting at $600/month per vehicle (rising annually), advertising at $120/month per vehicle (also increasing), and up to $500/month technology fee—structured around fleet size rather than revenue percentage, which keeps costs predictable as you scale. Item 19 shines here: average gross revenue of $284,741 across units, with a median of $286,628, suggesting solid mid-tier performance without heavy outliers skewing the top end; no profit figures are provided, but these grosses support viability in a recession-resistant industry.

System health looks robust with 226 locations (up 9% from 207 in 2023 to 225 in 2024), 13 projected new units, just 1 non-renewal, and 9 transfers—indicating low churn and franchisee interest. SBA data bolsters this: 64 loans averaging $289,006 with an impressively low 1.6% default rate, showing lenders' confidence and financing ease. One litigation case involved a termination dispute settled via consent judgment, plus contempt issues, but it's isolated amid franchising since 2011; overall, metrics point to a healthy, expanding network worth considering for hands-on operators eyeing $250K+ grosses in waste services.