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CLOTHES BINS

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.

70
Locations
$162K–$217K
Investment
Since 2015
Franchising
ServicesDavie, FLRecycling Brands, LLCClothesBinFranchise.comDisclaimer

Franchise Costs

Franchise Fee
$49,500
Item 5 of FDD
Initial Investment Range
$161,940 – $216,980
Low: $161,940High: $216,980
Item 7 of FDD
Royalty Rate
N/A
Brand Fund
N/A
Item 6 of FDD
Fixed Monthly Fees
$672 – $972
Item 6 of FDD

$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.

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$0
Median Gross Revenue
$0
Top Quartile Revenue
$0
Bottom Quartile Revenue
$0
Average Net Income
$0

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

Key Insights

  • Top 10 largest franchise system in Waste Management
  • Lower than average SBA loan default rate in Waste Management
FranchiseInvestmentFeeRoyaltyLocations
CLOTHES BINS
Current
$162K – $217K$50KN/A70
Smash My Trash$372K – $492K$50K8.0%504
BIN THERE...DUMP THAT FRANCHISE AGREEMENT$116K – $235K$29KN/A226
JUNK KING$121K – $236K$55K8.0%172
1-800-GOT-JUNK?$184K – $294K$65K8.0%133
CRUSHR$150K – $383K$50K8.0%95
Waste Management Average
14 franchises
$221K – $375K$50K7.6%–

* 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

Top States
1TX
14
2FL
8
3NC
5
4AZ
4
5OH
4
6GA
4
7MO
3
8SC
3
9TN
2
10PA
2
11CO
2
12OK
2
13MI
2
14MN
2
15NE
2

+12 more states

SBA Loan History

Historical SBA 7(a) loan data for CLOTHES BINS franchisees (2017 – 2025)

Total Loans
20
Average Loan
$134,005
Total Volume
$2.7M
Default Rate
5.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

20 franchisee contacts on file from official FDD filings.

NameSBA Loan
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active
John Smith
ABC Franchise LLC
$350,000
2023 · Active

20 Contacts Available

Unlock all CLOTHES BINS franchisee contacts with verified contact information

Due Diligence

Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
2
Reacquired
0
Ceased Ops
1
Transfers
3
Sold to Franchisees
1
Projected New
30

Frequently Asked Questions

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.

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