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1-800-Got-Junk franchise financing options

Compare costs, fees and where to get financing for a 1-800-Got-Junk.

Overall costs for 1-800-GOT-JUNK run anywhere from $170,000 to $193,000. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your 1-800-GOT-JUNK franchise may result in higher or lower fees.

Franchise fees

1-800-GOT-JUNK franchise fees total around $160,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $160,000 to $160,000
Royalty 8% of gross revenue.
Estimated total $160,000 to $160,000

Equipment fees

Equipment fees total $2,750 for 1-800-GOT-JUNK. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Computer hardware and software $1,500 to $4,000
Estimated total $1,500 to $4,000

Real estate fees

Real estate will set you back $3,100 for 1-800-GOT-JUNK, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Real estate and rent $1,200 to $5,000
Estimated total $1,200 to $5,000

Training fees

1-800-GOT-JUNK initial training costs total $2,750, which comes in under the nationwide average of $9,788.
Training Cost
Training expenses $1,500 to $4,000
Estimated total $1,500 to $4,000

Insurance costs

Initial insurance costs for 1-800-GOT-JUNK run $2,900. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $800 to $5,000
Estimated total $800 to $5,000

Other expenses

Miscellaneous expenses for 1-800-GOT-JUNK total $10,000 — less than the nationwide average of $69,970.
Other Cost
Miscellaneous opening costs $5,000 to $15,000
Estimated total $5,000 to $15,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for 1-800-GOT-JUNK is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the 1-800-GOT-JUNK franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to 1-800-GOT-JUNK about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $181,500 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a 1-800-GOT-JUNK — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of 1-800-GOT-JUNK opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if 1-800-GOT-JUNK franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $170,000. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
Fora Financial business loans
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
National Funding business loans
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
Bitty Advance business cash advances
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.

Compare up to 4 providers

How 1-800-GOT-JUNK stacks up

Compare how 1-800-GOT-JUNK holds up against two similarly sized franchises.
Seva Beauty 1-800-GOT-JUNK GradePower Learning
Average Franchise fees $25,000 $160,000 $40,000
Average Equipment fees $3,000 $2,750 NA
Average Real estate fees $13,500 $3,100 NA
Average Training fees $1,500 $2,750 $3,150
Average Inventory fees $3,600 NA NA
Average Marketing fees $1,500 NA NA
Average Licenses and permits fees NA NA NA
Average Insurance fees NA $2,900 $3,000
Average Admin fees NA NA $9,000
Average Personnel fees NA NA NA
Average Other fees $32,500 $10,000 NA

Bottom line

1-800-GOT-JUNK franchise costs run a total of $181,500. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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