Clothes Bin

Overview

Clothes Bin is a franchise that focuses on textile recycling through conveniently placed collection bins. It aims to address the significant environmental issue of textile waste by providing a sustainable and profitable solution. Franchisees manage a network of bins, collecting used clothing and textiles for recycling, reselling, or repurposing.

History

Clothes Bin was established to create a green, eco-friendly business model that taps into the growing need for sustainable waste management. The franchise has grown steadily by emphasizing environmental responsibility and community engagement. It offers a low-overhead business model that doesn't require a traditional storefront, making it an attractive option for eco-conscious entrepreneurs.

Investment Breakdown

• Initial Investment: The total investment necessary to begin operation ranges from $156,210 to $208,130.
• Franchise Fee: The initial franchise fee is $49,900.
• Royalty Fee: 7% of gross sales.
• Marketing Fee: 1% of gross sales for the national marketing fund

Industry Snapshot

The textile recycling industry is part of a broader market focused on sustainable waste management. According to the U.S. Census Bureau, the clothing and accessory stores segment saw significant growth in 2021, reflecting a post- pandemic rebound. This growth highlights a consumer shift towards sustainable and eco-friendly practices, creating a favorable environment for franchises like
Clothes Bin.