What is the lowest Gross Revenue in the range for 1-800-GOT-JUNK? franchisees operating for more than 36 months but less than 48 months?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisees operating for more than 36 months, but less than 48 months $205,620 1/50% $205,620 $292,039/ $119,201 $34,622 1/50% $34,622 $58,408/ $10,836
Source: Item 19 — Financial Performance Representations (FDD pages 42–48)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, franchisees operating for more than 36 months but less than 48 months reported a range of gross revenues. The lowest gross revenue in that range was $119,201. The average gross revenue for this group was $205,620. This data is based on the performance of U.S. franchisees. One out of two franchisees in this category performed at or above the average. The average gross revenue per subterritory for this group was $34,622, with the lowest in the range being $10,836. One out of two franchisees in this category performed at or above the average per subterritory.
This information is valuable for prospective franchisees as it provides a benchmark for expected revenues during the third and fourth years of operation. However, it's important to note that these figures are gross revenues and do not reflect the costs of sales or operating expenses, which would need to be deducted to determine net income or profit. The FDD also states that individual results may differ, and there is no assurance that a new franchisee will achieve the same level of sales.
Prospective franchisees should consider these figures as estimates and conduct their own due diligence, including reviewing the list of current and former franchisees in Exhibit A of the FDD, to gather more detailed information on potential earnings and expenses. They should also inquire about the factors that contribute to the success of higher-performing franchisees and the challenges faced by those with lower revenues. Understanding these factors can help a new franchisee develop a business plan and strategies to maximize their potential for success with 1-800-GOT-JUNK?.