What is the estimated low and high range for the equipment lease/purchase deposit for a 1-800-GOT-JUNK? franchise?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Type of Expenditure Amount Method of Payment
When Due To Whom Payment Is to Be Made Low High Equipment (Vehicle Lease with dump body) Lease/purchase deposit (Note 5) $10,000 $30,000 Monthly Lease Monthly Dealer/Seller/ Lessor/Finance Company
Source: Item 7 — Estimated Initial Investment (FDD pages 17–21)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the estimated initial investment for the equipment lease/purchase deposit ranges from $10,000 to $30,000. This deposit is specifically for the vehicle lease with a dump body. The payments are made monthly to the dealer, seller, lessor, or finance company.
The FDD notes that the total estimated cost for a truck is $77,750 for a gasoline-powered truck and $82,700 for a diesel-powered truck, including an approved dump body at an estimated cost of $25,100. The low-end estimate for the deposit assumes the truck is leased or financed and does not include applicable taxes or shipping. The high-end figure assumes a 20% down payment on the purchase of a truck, plus ongoing monthly payments.
1-800-GOT-JUNK? requires a minimum of two trucks, but franchisees with multiple subterritories may need more. While franchisees are only required to purchase or lease two trucks upon startup, they must purchase or lease additional trucks according to a schedule agreed upon with 1-800-GOT-JUNK?. Franchisees are required to use these trucks solely for the operation of the 1-800-GOT-JUNK? business.