Bin There Dump That Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$116,200 - $235,400
Franchise Fee
$29,000
Min Cash Required
$10,000
Total US Locations
226
Business Summary
Bin There Dump That operates a business that offers waste removal and disposal services for both residential and commercial properties. The service involves placing bins on a customer's property for trash or waste, which Bin There Dump That then collects and disposes of. Bin There Dump That focuses on providing a 'mini disposal service' to its customers.
Corporate History
Bin There USA, LLC was formed as a Delaware limited liability company on December 16, 2010. Bin There Dump That began offering franchises in the United States in the second quarter of 2011, focusing on waste removal and disposal services. Its parent company, That Franchise Inc. (TFI), was incorporated in Canada in June 2003 and has been franchising Bin There Dump That businesses in Canada since then.
Financial Overview
Investment Range
$116,200 - $235,400
Franchise Fee (Low)
$29,000
Franchise Fee (High)
$55,000
Minimum Cash Required
$10,000
Equipment Costs (Low)
$64,800
Equipment Costs (High)
$136,000
Working Capital
$15,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Bin There Dump That has an accumulated deficit, which is reflected as a negative member's deficit in its financial statements. This financial condition leads the franchisor to explicitly state in its FDD that it calls into question Bin There Dump That's financial ability to provide services and support to franchisees.
Financing Details
Bin There Dump That does not offer any direct or indirect financing to its franchisees. Bin There Dump That also does not guarantee any notes, leases, or obligations for franchisees, nor does it sell or assign any financing arrangements to third parties.
Performance Metrics
Total US Locations
226
Franchised Units
226
Corporate Units
0
Avg Square Footage
4,000
Franchising Since
2011
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
1
Litigation Summary
Bin There Dump That has one litigation case to disclose. In March 2021, Bin There Dump That filed a lawsuit against a franchisee in Fredericksburg, VA, and its principal. The complaint alleged that the franchisee repeatedly breached the franchise agreement and sought to prevent them from continuing to use the Bin There Dump That marks. The franchisee filed a counterclaim. The case was settled in May 2021. However, in late 2021 and early 2022, the defendants violated the settlement, prompting Bin There Dump That to file a motion for contempt. In May 2022, a consent order was entered by the court, finding the defendants in contempt, permanently enjoining them from operating their business in Richmond, VA, and requiring them to pay $25,000 to Bin There Dump That, which was subsequently paid. No other litigation is required to be disclosed for Bin There Dump That.
Bankruptcy History
Bin There Dump That has no bankruptcy history to disclose.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their Bin There Dump That franchise agreement, franchisees must provide written notice to Bin There Dump That between 9 and 12 months before the current term expires. They must purchase or lease and install any new equipment (including vehicles) as Bin There Dump That reasonably requires, and ensure full compliance with the franchise agreement, including current use of system software, insurance requirements, and attendance at annual conferences. Franchisees are also required to upgrade their business to current standards, pay all outstanding accounts, complete any re-training if requested, sign Bin There Dump That's then-current franchise agreement (which may have different terms and higher payments), pay a renewal fee, and execute a general release of claims against Bin There Dump That and its affiliates.
Training & Support Program
Franchisor Assistance
Bin There Dump That provides pre-opening assistance to its franchisees, including designating their operating territory, offering advice and guidance on selecting and purchasing equipment, vehicles, and supplies, and providing a Start-up Kit. Franchisees also receive initial training and access to Bin There Dump That's confidential Manual. For ongoing support, Bin There Dump That engages in national and regional advertising (funded by franchisee contributions), offers additional and refresher training (mandatory for significant system changes, optional for other courses), provides specifications and approved supplier lists, and offers advice and guidance on purchasing, promotions, and operational matters. Bin There Dump That may also develop new techniques, products, and services, which franchisees will be required to implement at their own expense.
Initial Training Hours
63
Training Location
Oakville, Ontario
Ongoing Support
After the initial training, Bin There Dump That provides ongoing phone and email support during reasonable business hours. Franchisees also receive updates to the operations manual, specifications, and approved supplier lists. Bin There Dump That engages in national and regional advertising programs and may offer additional or refresher training, with attendance being mandatory for significant system changes. Franchisees and their personnel may also be required to attend an annual convention or continuing education seminar. Bin There Dump That provides ongoing advice and guidance on various operational matters, including purchasing, promotions, and new technologies, and may require franchisees to implement system changes at their own expense.
Franchise Requirements
Ideal Candidate Profile
Bin There Dump That is looking for franchisees who are willing to devote the majority of their time and attention to operating their business, providing direct, on-premises supervision or ensuring a trained and competent manager does so. The business can be operated by a single person or with employees, depending on the franchisee's choice and growth. Franchisees and their principals are expected to diligently fulfill their obligations and not engage in other businesses without prior consent from Bin There Dump That.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Full-Time
Territory Type
Protected
Staff Count
1
Territory Size Requirements
Bin There Dump That territories are defined geographically, with boundaries determined by factors like the proximity of other Bin There Dump That franchisees, population density, demographics, projected growth, market statistics, and local competition. The minimum territory size for a Bin There Dump That franchise is an area with a population of 100,000 people, based on the most recent U.S. census data. The precise boundaries for each franchisee's territory are described in Exhibit B of the Franchise Agreement.
Staffing Notes
Bin There Dump That allows franchisees to operate the business as a one-person operation or to hire employees as the business grows. Franchisees are required to maintain a competent and conscientious staff sufficient to service customers and adhere to Bin There Dump That's staffing and service criteria, which may include specific positions designated by Bin There Dump That. All staff must cooperate with Bin There Dump That and its representatives and conduct business professionally. Employees are also required to comply with Bin There Dump That's dress code, brand standards for personal appearance, and identify themselves with the Marks while on the job. Franchisees are expected to foster a cooperative and respectful work environment for their staff.