What is the renewal fee for a 1-800-GOT-JUNK? franchise?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 6: Other Fees]
Name of Fee Amount Due Date Remarks Transfer Fee $10,000 You are required to pay $2,500 upon announcing your intention to sell, and the balance upon transfer.
Renewal Fee $7,500 Within 3 months before expiration of current term. This fee is partly intended to defray legal and administrative costs incurred by us when you renew your franchise agreement. See Section 19 of the Franchise Agreement.
Source: Item 6 — Other Fees (FDD pages 11–17)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the renewal fee for a franchise is $7,500. This fee is due within 3 months before the expiration of the current franchise term.
The FDD specifies that this fee is intended to cover the legal and administrative costs that 1-800-GOT-JUNK? incurs during the franchise renewal process. Prospective franchisees should factor this cost into their long-term financial planning, as it represents a significant expense when renewing their franchise agreement.
It is important to note that, like many other fees, this amount is subject to change. While the initial renewal fee is fixed at $7,500, 1-800-GOT-JUNK? retains the right to modify the fees that future franchisees will be required to pay. Therefore, the renewal fee could be different when the franchisee's term is up for renewal.