- BizOp or Franchise: Franchise
- Name: Junk King
- Category: Cleaning Services
- Subcategory: Junk Removal
- Cash Investment: $75,000USD
- Net Worth Requirement: $150,000 USD
- Home-based: No
- Passive investment allowed: Yes
- Financial Assistance: Yes
- Veteran discount: No
- Item 19 YES
Overall Rating (90 out of 100)
WHAT IS THE PRODUCT OR SERVICE THEY OFFER THE CONSUMER?
Junk King offers the community easy and professional junk removal. They take just about anything :
- Yard Waste
- Hot Tubs
- Construction Waste
- Trash & Garbage
- Foreclosure Clean Outs
They have a comprehensive approach to recycling and their operations revolve around a warehouse based recycling hub.
WHAT IS THEIR BUSINESS MODEL?
They are a premier white collar business system in a large, fragmented blue collar industry with company operations showing five years of sustainable growth.
Junk King is a diversified income model with 4 distinct revenue streams:
- Consumer/residential income
- Commercial/industrial business
- Government contracts
- Each channel builds their network and overall community presence
- Diversified income stream is more recession resistant and steadier month to month
Their territories are 25-400% bigger than their closest competitors’, creating a truly scalable business opportunity:
- Population of 350,000 minimum vs. 250,000 for their nearest competitor
- Average territory is approximately 900,000 population
- Territories are fully protected
WHAT DO THEY OFFER THE BUSINESS OWNER?
Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: Yes
Training: One week at company HQ and one week in franchisee territory.
They generate multiple revenue streams with an integrated marketing system, national lead generation and call center support. Their marketing efforts include:
- Local marketing (direct mail, Yellow pages, Valpak, couponing, target offers)
- Local and national SEO (Search Engine Optimization)
- Local PPC (Pay Per Click, e.g. Google Adwords, etc.)
- National 800 # and call center support
- National marketing initiatives
Their professional junk removal service also includes aa proprietary Junk Netware software program, a state of the art review and referral platform that measure 10 customer service metrics for each and every job, mobile invoicing, and personalized support in operations, finance, and business development.
WHO ARE THEY LOOKING FOR?
Junk King is looking for highly motivated professionals to scale targeted, blue chip markets. Their territories are twice as large as their nearest competitor, creating a truly scalable business opportunity for entrepreneurial franchise owners. They are seeking prospects looking to manage a P & L versus working in the field.
The initial investment for a Junk King franchise ranges from $87,000 to $150,000 on average, depending on the size of the market.
Start Up Costs
For a market of 500,000, the approximate start-up expenses are as follows:
MY OWN OPINION
What I love about Junk King is that it appears to be a very blue-collar business, yet you, as the owner, run it as a white collar operation, and it’s truly a scalable business opportunity. Start small and grow. The territories are HUGE. The Junk King franchisee in the Phoenix area, services the entire Phoenix metro area and beyond!
Although I hope never to be a hoarder, my husband and I have our share of “junk” at our house. When it seems we are busting at the seems with unneeded stuff, we call on the Junk King. They show up when expected in their bright red shirts and happily remove the items we have grown tired of. You can schedule the service within a 2-hour window and they will call you 15 minutes prior to showing up, so they are considerate of your time. They will provide you with a written estimate (and guarantee to beat any other written estimate) and if you agree to the price, most of time they can remove your rubbish immediately. They are professional and I’m always confident that whatever we had that can be recycled, WILL BE RECYCLED. To say they are a green company is an understatement. They take recycling very seriously and a good part of their revenue is attributed to that operation. With each job, up to 60% is recycled.
They also provide dumpster rentals for those big jobs. Whether you are renovating your home or office, or just cleaning out the garage to make room for your car, renting a dumpster is as easy as ABC. Schedule a time for it to be dropped off, fill it up and they will come pick it up when your done. You can sometimes get a discount if you schedule online.
The dumpster rental service is even more valuable in the commercial sector. Big jobs like construction sites need removal of a vast array of material and property management companies are constantly dealing with tenant transitions and the removal of debris and scrap left behind.
Hauling junk isn’t the most glamorous of businesses, but it certainly is virtuous. Committing to properly removing garbage, trash, clutter, and junk, means you care about the environment and you want to lessen the load on landfills and reduce the unwanted waste in cities all over the country. I find this work honorable. Nothing disturbs me more than seeing the results of people dumping their junk and garbage out in the beautiful Arizona desert. They think they are getting away with something for free, but the toll this takes on our environment is significant.
Becoming a Junk King franchisee means you can hold your head up high, and make a pretty penny at the same time.
Does this business interest you?
Contact me for more information.