Semi Absentee Franchise Asset Sale (2 territories), Atlanta, GA

Atlanta, GA (Fulton County)

Semi Absentee Franchise Asset Sale (2 territories), Atlanta, GA
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Asking Price: $160,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $160,000

Inventory: $10,000

Established: 2017

Semi Absentee Franchise Asset Sale (2 territories), Atlanta, GA

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Business Description

Established Business for Sale

Current Franchisee is looking to sell full rights to the Clothes Bin franchise in Atlanta, GA (2 territories). This is an Asset Sale opportunity.

This is a turn-key opportunity – no buildout or marketing required. Business quickly achieved break-even point, and currently making profit! Franchise has been fully operational for over a year.

This is a semi-absentee business model requiring approximately 5 hours or less per week with 1-2 employees (part-time Drivers). This Driver role can also be fulfilled by the Franchise Owner - eliminating a need to hire any employees.

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.

The franchise territories have 40 bins located throughout the North and West Atlanta area, including cities such as Atlanta, Brookhaven, Sandy Springs, Dunwoody, Norcross, Tucker, Vinings, Smyrna, Villa Rica, etc.

Strategically located in the parking lots of shopping centers, gas stations, 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 7-8 weeks for approximately $14,000 - $16,000 per transaction.

These state-of-the-art bins pro-actively notify you when they are approaching capacity and need to be serviced, in order to optimize operational costs. This allows the franchisee to visualize their territory on an interactive map that includes the 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:
Atlanta, GA
Inventory:
Included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Franchise rights over two territories, 40 galvanized steel bins, GMC 16' box truck (used for servicing the bins), 53' trailers (2), pallet jack, 600 lbs gorilla rolling carts (2), rented parking spot for trailer and truck. (Home Based)
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 recycle and textile industry. The provide a two day training program in corporate office in South Florida. Training on sensor technology software. Training on accounting and QuickBooks. Operation training and bin delivery.
Reason for Selling:
Owner unable to operate and grow the business due to extensive travel in new job
Home-Based:
This business is Home-Based
Franchise:
This business is an established franchise
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Business Listed By:
Juan Esteban

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