1-800-GOT-JUNK is a popular junk removal franchise that has expanded across Canada. If you’re looking to start a franchise in Canada, here’s what you need to know:
1. Initial Investment Costs
The cost to open a 1-800-GOT-JUNK franchise in Canada typically falls within the range of CAD 150,000 to CAD 250,000. This investment covers:
- Franchise fee: CAD 55,000
- Vehicle purchase and setup: Around CAD 50,000 to CAD 100,000
- Lease and facility costs: Varies depending on the location
- Marketing and advertising fees: Typically 3% of gross sales
- Working capital: CAD 15,000 to CAD 50,000 to cover daily expenses.
2. Steps to Start the Franchise
Here are the key steps to opening a 1-800-GOT-JUNK franchise in Canada:
- Research and Application: Start by visiting the official franchise website to learn more about the business model. Submit a franchise application to express your interest.
- Meet with a Franchise Representative: After your application is reviewed, a representative will meet with you to discuss your qualifications, expectations, and location preferences.
- Secure Financing: Based on the investment cost, you may need to secure financing through personal savings, loans, or other funding sources.
- Training: You will undergo a comprehensive training program provided by 1-800-GOT-JUNK, which covers operations, marketing, and management.
- Location Setup: Choose an appropriate location for your business, which typically includes a warehouse and vehicles for junk removal.
- Launch Your Franchise: Once everything is in place, you can officially open your 1-800-GOT-JUNK franchise, starting with marketing campaigns to attract customers.
3. Ongoing Costs
- Royalty Fees: 10% of gross revenue, which is a common requirement for 1-800-GOT-JUNK franchises.
- Advertising Fees: Around 3% of gross revenue for national and local marketing campaigns.
Disclaimer: Information provided by https://worldbusiness.blog/ has no guarantee of accuracy and should be verified independently before making any business decisions.