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Below is an in-depth analysis and side-by-side comparison of TurboHaul vs Bin There Dump That including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $60,000 - $90,000 | $73,050 - $128,250 |
Franchise Fee | $30,000 | $29,000 - $45,000 |
Royalty Fee | 7% | $500-$1K/vehicle/mo. |
Advertising Fee | 1% | $1.2K-$2.4K/truck/mo |
Year Founded | 1995 | 2001 |
Year Franchised | 2003 | 2004 |
Term Of Agreement | 5 years +5 | 10 years |
Term Of Agreement | 5 years +5 | 10 years |
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 | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
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Training | 1.Corporte Headquarters 5 Days 2. Franchisee Site 3 Days | On-The-Job Training: 12-20 hours Classroom Training: 35 hours |
Support | Field Operation Evaluation Field Training Franchisee Newsletter | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | Average Number of Employees: 2 Full-time, 0 Part-time Passive Ownership: Allowed, But Discouraged | Franchise can be run from home. 12.7% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | Yes |
International Expansion | - | - |
TurboHaul’s founder Kevin Daly grew up poor, so he and his brothers would go to local parks to look for bottles and cans that they could sell. Being the smallest, his brothers would hold him by his ankles to fish out cans and bottles from the trash bins. From those early experiences, he says he gained a "fever for recycling.” Then to make some money in college, he bought an old VW bus to help people move and haul their stuff. He saw a need and an opportunity in the marketplace and the idea for TurboHaul was born. After graduating college with a degree in logistics and marketing, he officially started TurboHaul with a rented U-Haul truck and an old computer in 1995.
TurboHaul has a very clear set of values that guide our decisions and formulate our company culture. We hire the best and brightest who share our values of hard work and unwavering integrity and then train them on the TurboHaul Way. Our proprietary systems and innovative truck designs allow TurboHaul to provide the fastest service at the most affordable rates in the industry. We remain committed to our customers and strive to delight them with each service.