DaaBIN Store
DaaBIN Store franchises operate unique discount stores selling overstock, damaged items, end-of-lot products, returns, and open-box items at significantly reduced prices, with a diverse mix of SKUs, weekly new shipments, and flash sales. The business model focuses on bin-style retail attracting bargain hunters. Target customers are price-conscious shoppers seeking deals on various goods year-round.
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
5% royalty + 1% brand fund (both weekly on net sales). No fixed monthly fees.
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: Data for 2 franchised outlets and 4 company-owned outlets open for the entire period 1/01/2023 – 12/31/2023.
* Calculated average gross revenue from 2 franchised outlets (RL: $1,165,794.01, MC: $644,402.76) for 2023: ($1,165,794.01 + $644,402.76) / 2 = $905,098.39. Median gross revenue is the same as the average for two data points. Revenue top quartile is the highest reported franchise sales, and revenue bottom quartile is the lowest reported franchise sales.
Extracted Item 19 Section
How DaaBIN Store Compares to Other General Retail Franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
DaaBIN Store Current | $162K - $276K | $35K | 5.0% | 3 |
| ACE HARDWARE | $604K - $2.0M | $5K | N/A | 4,885 |
| DO IT BEST CORP. | $565K - $1.3M | $9K | N/A | 3,407 |
| WINDOW WORLD, WORLD OF WINDOWS | $123K - $331K | $45K | N/A | 209 |
| FLEET FEET, FLEET FEET TRIATHLETE | $229K - $545K | $45K | 4.0% | 192 |
| PRETZELMAKER | $392K - $573K | $25K | 7.0% | 129 |
General Retail Average 14 franchises | $502K - $1.0M | $108K | 5.7% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 14 General Retail franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
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 DaaBIN Store franchise?
The total initial investment to open a DaaBIN Store franchise ranges from $161,750 to $276,000. This includes a franchise fee of $35,000. Ongoing royalty fees are 5.0% of gross sales.
How much revenue does a DaaBIN Store franchise make?
According to the 2024 FDD, the average gross revenue for a DaaBIN Store franchise is $905,098.39. The median revenue is $905,098.39.
How many DaaBIN Store franchise locations are there?
As of the 2024 FDD, DaaBIN Store has 3 franchise locations. The company has been franchising since 2022.
Is DaaBIN Store a good franchise to buy?
DaaBIN Store shows several positive indicators: transparent financial performance data (Item 19). 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.
Interested in DaaBIN Store?
Talk to a franchise advisor to get personalized guidance and learn if DaaBIN Store is the right fit for you.
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