Published on entrepreneur.com
Employees: 7 franchise-company employees
Tom Cannon worked in sales, marketing and distribution for a manufacturing company when a buddy's move inspired a business idea: Give movers access to the same reusable plastic boxes that manufacturers use to store and move small parts. BungoBox was born. Renting from BungoBox costs half as much as buying cardboard boxes, says Cannon, and saves time on packing and unpacking.
Not many people were moving when the company launched in 2009, but “we didn't know the difference,” says Cannon, who teamed up with his cousin Bob Cannon. “We were still growing.” The recession had its benefits: “We bought our building out of foreclosure and got our trucks for a fraction of what we would have paid,” he says. The company, which is a franchise, now has 20 locations in the United States and Canada.