What were the franchise fees for 1-800-GOT-JUNK? for the period ended May 31, 2024?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Revenue: Royalty fees
$ 17,877,954 $ 15,011,197 Sales Centre fees
13,515,783 10,244,752 Ad Fund fees
4,504,472 3,816,955 Franchise fees
139,476 183,562 Other
94,500 89,911
36,132,185 29,346,377
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the franchise fees for the period ended May 31, 2024, were $183,562. This figure reflects the total revenue 1-800-GOT-JUNK? recognized from initial franchise fees during this period.
For a prospective franchisee, this number provides insight into how much revenue 1-800-GOT-JUNK? generates from selling franchises. However, it does not reflect the actual initial franchise fee a new franchisee would pay. Franchise fees typically cover the costs associated with granting the franchise, including training, support, and the right to use the 1-800-GOT-JUNK? brand and system.
It's important to note that this is a consolidated figure and doesn't detail the specific franchise fee paid by individual franchisees. To understand the actual cost of opening a 1-800-GOT-JUNK? franchise, a potential franchisee should refer to Item 7 of the FDD, which outlines the estimated initial investment, including the initial franchise fee and other startup costs.