When considering investing in a franchise for the first time, you want to buy into a business that’s right for you. But it’s also important to understand the factors that can make your area a viable franchise territory. That’s because the old rule “location, location, location” doesn’t just apply when buying into a real estate market; it holds true when buying into a franchise as well.
Bin There Dump That has franchise operators throughout the United States and Canada, in big cities such as Dallas, Texas and Toronto, Ontario, and in little locales like Moore, Oklahoma and Regina, Saskatchewan. Even though these areas are very different, they share some common traits that make it possible for a Bin There Dump That franchise to thrive. If your location shares them as well, you could thrive too.
Here are five traits to look for that may make your geographic area more conducive to franchise success.
Unlike other dumpster rental companies, Bin There Dump That focuses on serving residential customers. Thus, our bins are specially designed to be residential friendly, meaning they fit in driveways, alleys and tight spaces that other bins can’t. This is one of the ways we differentiate from the competition, and it gives our franchise operators a competitive advantage.
However, if there aren’t an ample number of single family homes in your area, you may not be able to take advantage of it. Our goal is to create franchise territories with at least 100,000 single family homes.
We help protect the environment by providing professional hauling and dumping services that minimize waste, spillage and debris, and we respect the need for municipalities to protect the environment as well.
Unfortunately, some cities, towns and villages have strict laws governing waste haulers, and these laws make it difficult for our franchisees to operate. Other areas offer permits to only a select number of dumpster rental companies.
It’s important to thoroughly understand the regulations and restrictions in your area, so both you and Bin There Dump That will need to research accordingly.
We make it convenient for homeowners and contractors by bringing our bins to them and then bringing their garbage to the local landfill. These trips need to be convenient for our franchise operators as well. The less your trucks have to travel, the more time and energy you can put into servicing your customers and growing your business.
If there’s a heavy concentration of single family homes in your area, but not a lot of great dumpster rental options, then a Bin There Dump That franchise may be a great addition to your neighborhood, and a great investment for your future.
Carefully research your local market to determine if there are other companies and, if so, whether customers are satisfied with these providers.
Understanding your competitors’ pricing and value proposition will be important to know going forward.
The single most important element of a Bin There Dump That franchise is its operator, someone who is committed to the franchise, understands the importance of sales and marketing, and is willing to put in the time and effort to see the business grow. Without a strong leader in place, even a tried-and-true business model like ours can’t succeed.
Now that you know what it takes for a Bin There Dump That franchise to thrive in your area, find out what it takes for you to thrive in our franchise system.
Bin There Dump That is rapidly expanding, adding new franchise operators in new franchise territories all the time. You can be next! Request your free franchise kit to start the process of bringing a franchise to your area!