Rubbish Works logo

Rubbish Works Franchise

Audited Financials
Home ServicesEst. 2005Charlottesville, VA
www.rubbishworks.com

Risk Score

Pending analysis

Investment Range

$117,100 - $195,000

Franchise Fee

$55,000

Total US Locations

4

Business Summary

Rubbish Works, LLC offers franchises for home-based, mobile businesses that provide full-service junk-removal services to residential consumers. Rubbish Works franchisees operate their businesses typically from a van or truck and a home office, and they are responsible for identifying and soliciting their own customers.

Corporate History

Rubbish Works, LLC was formed in Delaware on October 12, 2020. The company operates under its corporate name and as RUBBISH WORKS. It began offering franchises in November 2020. Rubbish Works, LLC acquired the assets of the Rubbish Works junk-removal services business from ColorGreen, LLC on November 2, 2020. ColorGreen, LLC had previously acquired the rights to the Rubbish Works system in March 2015 from Rubbish Works Holdings, LLC (RWH). RWH originally offered franchises for the Rubbish Works business from July 2005 until it sold the system to ColorGreen in March 2015. One or more affiliates of RWH operated Rubbish Works businesses from at least July 2005 to October 2010.

Financial Overview

Investment Range

$117,100 - $195,000

Franchise Fee (Low)

$55,000

Franchise Fee (High)

$65,000

Royalty %

6%

Marketing %

2%

Equipment Costs (Low)

$5,750

Equipment Costs (High)

$15,500

Working Capital

$31,250

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

The FDD highlights that Rubbish Works, LLC's financial condition, as reflected in its affiliate Premium Service Brands, LLC's financial statements, calls into question Rubbish Works, LLC's ability to provide services and support to franchisees. The consolidated financial statements for Premium Service Brands, LLC (the guarantor) show net losses of $687,795 in 2024 and $733,879 in 2023. Additionally, Premium Service Brands, LLC had a members' deficit of $5,873,114 as of December 31, 2024, indicating that its total liabilities exceeded its total assets. While the auditors issued an unqualified opinion on these consolidated financial statements, the FDD explicitly notes the concern about Rubbish Works, LLC's financial capacity.

Financing Details

Rubbish Works, LLC does not offer any direct or indirect financing to its franchisees. The franchisor also does not guarantee any notes, leases, or other obligations of its franchisees.

Performance Metrics

Total US Locations

4

Franchised Units

4

Corporate Units

0

Franchising Since

2005

Agreement Terms

Initial Term

10 years

Renewal Term

10 years

Renewal Conditions

To renew their franchise, Rubbish Works franchisees must provide written notice between six and nine months before their initial term expires. They must be in good standing, meaning they have consistently complied with all terms of the Franchise Agreement and any other agreements, and are not in default. Franchisees will need to sign Rubbish Works, LLC's then-current Franchise Agreement, which may include different terms and conditions, such as higher fees (royalties, contact center fees, technology fees, marketing fund contributions, or accounting and business advisory services fees), a change in the size or composition of the protected territory, and mandatory minimum periodic royalty requirements. Franchisees must pay a renewal fee equal to the greater of 25% of the then-current initial Franchise Fee or $15,000. They are also required to perform all necessary maintenance, updating, refurbishing, and replacement of their vehicles and any leased or owned business premises to reflect current brand standards. Finally, the franchisee and their supervisory/operational manager(s) must attend and successfully complete any retraining programs required by Rubbish Works, LLC, meet current qualification requirements, and sign a general release of claims.

Training & Support Program

Franchisor Assistance

Rubbish Works, LLC provides a range of assistance to its franchisees. Before opening, Rubbish Works, LLC designates a protected territory, offers an initial training program, and provides access to its confidential Brand Standards Manual. It also furnishes a list of approved suppliers for equipment, signs, and opening inventory, assists with setting up mandatory software systems, websites, and email accounts, consults on alternative office locations if the franchisee chooses not to operate from home, and suggests pricing policies. After the business opens, Rubbish Works, LLC offers ongoing support by providing additional opening assistance (upon request and approval) related to sales, promotions, and operations. It offers periodic general guidance via telephone, email, facsimiles, and newsletters, covering topics like authorized services, operational methods, accounting procedures, and marketing strategies. Rubbish Works, LLC may conduct periodic onsite visits for consultation and guidance, and it makes ongoing training and operational assistance available as deemed necessary. The franchisor also provides updates to the System, Brand Standards Manual, approved suppliers, and products, and approves advertising materials. Additionally, Rubbish Works, LLC maintains a contact center for centralized customer service and scheduling for all businesses operating under its system and suggests pricing policies.

Initial Training Hours

80

Training Location

Corporate offices in Charlottesville, Virginia, and virtual sessions

Ongoing Support

After their Rubbish Works business opens, franchisees receive ongoing support in several ways. Rubbish Works, LLC provides periodic advice and general guidance through telephone, email, facsimiles, and newsletters. At its discretion, the franchisor may conduct periodic visits to the business for consultation, assistance, and guidance in various aspects of operation and management, and it makes ongoing training and operational assistance available as needed. Rubbish Works, LLC also provides updates to the System, the Brand Standards Manual, approved suppliers, and approved products. Franchisees receive approval for their advertising materials. Rubbish Works, LLC maintains a contact center for centralized customer service and scheduling for all businesses operating under the system. Franchisees are also required to attend an annual convention, and additional refresher training or regional meetings may be mandated.

Franchise Requirements

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

hybrid

Owner Participation

hands-on

Territory Type

protected

Territory Size Requirements

Each Rubbish Works franchise operates within a protected territory defined by zip codes. This geographic area is designed to contain not less than 50,000 to 80,000 single family dwellings.

Staffing Notes

Rubbish Works, LLC requires that each Rubbish Works business be under the direct, 'on-premises', full-time supervision of a Designated Manager who has successfully completed the initial training program. This manager can be the franchisee if they are an individual, or an individual selected by the franchisee if it is a business entity. Rubbish Works, LLC does not control the hiring, compensation, supervision, or termination of the franchisee's employees, nor is it a joint employer. Franchisees are solely responsible for implementing an approved training program for their own employees and ensuring they are qualified and adhere to Rubbish Works, LLC's operational standards.