Asset Franchise Sale in Denver-Full franchise rights at a reduced Cost

Douglas County, CO

Seller Financing Available
Asset Franchise Sale in Denver-Full franchise rights at a reduced Cost
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Asking Price: $135,000

Established: 2017

Asset Franchise Sale in Denver-Full franchise rights at a reduced Cost

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Asset Sale Description

Asset Franchise Sale Description

Current Franchisee is looking to sell full rights to the Clothes Bin franchise in Denver, CO. This is a turn-key opportunity – no buildout or marketing required. Business has already achieved a break-even point! Franchise has been fully operational for over a year. This is an asset sale and comes with a major discount from the original purchase of the franchise business. The Clothes Bin franchise is nationally recognized and ranked in esteemed publications such as Entrepreneur Magazine in which it was ranked #73 in the top new franchise category of 2019. This is a semi-absentee business model requiring approximately 5 hours or less per week with 1 employee (part-time Driver). This Driver role can also be fulfilled by the Franchise Owner - eliminating a need to hire any employees!
The franchise territory has 40 bins located throughout the Denver metro area. Strategically located in the parking lots of shopping centers, convenience stores, schools, etc. These bright green bins are the go-to for anyone looking for a convenient way to recycle their clothes, shoes and textiles and keeping them out of landfills. The collected donations are then sold to a wholesale textile buyer based on a price per pound system. 40,000 lbs. are sold every 6-7 weeks for approximately $14,000 per transaction.
These state-of-the-art bins pro-actively notify you when they are approaching capacity and need to be serviced. This allows the franchisee to visualize their territory on an interactive map that includes their placed bins. This powerful technology also maps out the most efficient collection route and helps the Franchisee determine bin performance.
Rain or shine, day and night – these bins are working for you!

Detailed Information

Location:
Douglas County, CO
Facilities:
Assets include:40 Steel bins, Franchise Territory Rights (Golden, Littleton, Highlands Ranch, Arvada, Lakewood), 2015 GMC 16' Box Truck (used for servicing the bins), Locks, Pallet Jack, 2 Uline canvas rolling carts, Rented 56' Trailer, Rented Parking spot for Trailer and parking spot for GMC Box Truck.
Financing:
3rd-Party Financing available for qualified applicants
Support & Training:
The Franchise Corporate team combines over 125-years of collection and distribution experience in the recycled textiles industry. Online training on Software System; General Overview of Franchise Operations 2-Day Training Program at Corporate Office in South Florida. Hands-on training and classroom training, Placement and Delivery, Operational Training.
Reason for Selling:
Current Owner no longer has the bandwidth to operate the franchise business
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Asset Sale Listed By:
Jen Rieck

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