CLOTHES BINS
Clothes Bin franchises enable operators to place, manage, monitor, and optimize recycling collection bins for clothes, shoes, and textiles at various public locations such as stores, apartments, and schools. Franchisees collect the donated items, transport them, and resell them in bulk to buyers in the textile recycling, thrift, and retail industries without sorting or altering the materials. The business targets general public donors for collections and wholesale buyers seeking affordable used textiles, with revenue driven by sales volume and market prices influenced by factors like location demographics and global conditions.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
$120/wk royalty ($6/Bin min $120) + $100/wk BLIP technology fee ($5/Bin min $100) + $200/mo accounting (up to $500/mo); national ad fund up to $1.50/Bin/wk (not currently collected); minor weekly fees for email, Google Voice, and ACH ~$25/wk combined.
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 13 of our franchisees' financial statements for the 12-month period from January 1, 2024 through December 31, 2024. All 13 franchisees had more than 20 Bins in one territory.
* All figures are directly extracted from the 'Franchisees' Businesses' table on page 1 of the OCR document, representing the performance of 13 reporting franchisees for the 12-month period of January 1, 2024 through December 31, 2024. 'Average Income' is considered 'average_net_income' based on the description in Note 2, which states it's calculated by taking Gross Revenue less Cost of Goods Sold and Expenses. The 'High' and 'Low' values for Gross Revenue are used for revenue_top_quartile and revenue_bottom_quartile, respectively, as they represent the highest and lowest numbers in the data set as per Note 1. A profit range (best_guess_profit_low/high) could not be calculated due to the absence of specific expense percentage ranges or quantified total expenses beyond the average net income figure provided.
Extracted Item 19 Section
How CLOTHES BINS Compares to Other Waste Management Franchises
Key Insights
- Top 10 largest franchise system in Waste Management
- Lower than average SBA loan default rate in Waste Management
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
CLOTHES BINS Current | $162K - $217K | $50K | N/A | 70 |
| Smash My Trash | $372K - $492K | $50K | 8.0% | 504 |
| BIN THERE...DUMP THAT FRANCHISE AGREEMENT | $116K - $235K | $29K | N/A | 226 |
| JUNK KING | $121K - $236K | $55K | 8.0% | 172 |
| 1-800-GOT-JUNK? | $184K - $294K | $65K | 8.0% | 133 |
| CRUSHR | $150K - $383K | $50K | 8.0% | 95 |
Waste Management Average 14 franchises | $221K - $375K | $50K | 7.6% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 14 Waste Management franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+12 more states
SBA Loan History
Historical SBA 7(a) loan data for CLOTHES BINS franchisees (2017 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a CLOTHES BINS franchise?
The total initial investment to open a CLOTHES BINS franchise ranges from $161,940 to $216,980. This includes a franchise fee of $49,500.
How much revenue does a CLOTHES BINS franchise make?
According to the 2025 FDD, the average gross revenue for a CLOTHES BINS franchise is $358,953. The median revenue is $241,537.
How many CLOTHES BINS franchise locations are there?
As of the 2025 FDD, CLOTHES BINS has 70 franchise locations. The company has been franchising since 2015.
Can you get an SBA loan for a CLOTHES BINS franchise?
Yes, SBA loans are available for CLOTHES BINS franchises. Historical data shows 20 SBA 7(a) loans have been approved for CLOTHES BINS franchisees, with an average loan amount of $134,005. The historical default rate is 5.0%.
Is CLOTHES BINS a good franchise to buy?
CLOTHES BINS shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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