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Updated RecentlyClothes Bin vs NextGen Great Sealcoating Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Clothes Bin vs NextGen Great Sealcoating including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $156,145 - $199,965 | $72,850 - $179,100 |
| Franchise Fee | $40,000 | $15,000 |
| Royalty Fee | - | 7.5% |
| Advertising Fee | - | 1% |
| Year Founded | 2014 | 2005 |
| Year Franchised | 2015 | 2018 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | Yes/- |
| Inventory | -/- | Yes/- |
| Receivables | -/- | -/No |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 33 hours Classroom Training: 10.5 hours |
| Support | - | Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Clothes Bin
Clothes Bin® is a national franchise system made up of independently owned bins that are operated by franchisees.
The Clothes Bin® mission is to help people reach their
entrepreneurial dream of business ownership through a semi-absentee
franchise system that promotes environmental stewardship, stimulates the
economy and provides a source of clothes, shoes and textiles in the
United States and throughout the world.
This affordable franchise offers a flexible work schedule, low
overhead and competitive margins, making it the ideal opportunity for
veterans, firemen, teachers, entrepreneurs, part-time workers and anyone
looking for a hands-on business.
- Simply put, there’s no storefront to build out, no inventory to buy and nothing gets spoiled over time.
- Overhead is low.
- The franchise can be managed part-time, on your own time. No set hours to keep or store to maintain.
#389 in Franchise 500 for 2021. Not in Franchise 500 for 2020.
About NextGen Great Sealcoating
!["NextGen]("https://fddexchange.com/wp-content/uploads/2020/10/NextGen-Great-Sealcoating-300x152.jpg")
NextGen Great Sealcoating is committed to providing you with the highest
quality driveway sealcoating & repair service, using the highest
quality products available. We staff courteous and professional people
whose goal is to deliver outstanding results and ensure your
satisfaction.
Seeking new franchise units in the following regions/states: