With the tough economy of the last several years, it is no surprise that many small businesses are still proceeding with caution. Some, like us, however, are doing quite the opposite. In other words, all the discouraging news doesn't keep us from attempting to be the next big thing in franchising history.
That's why we launched a franchising option for BungoBox in early 2011 and since then have sold 16 franchises in the U.S. and Canada. Franchises are a key component of BungoBox’s strategy, for they will provide the network necessary for us to target the interstate moving market and expand nationwide.
In the U.S., we expect to sell 150 franchise locations in the next three years as part of a steady and strategic growth strategy.
With that said, those looking to purchase a BungoBox franchise won’t have to spend $1 million to get up and running. Depending on the market, it takes a $75,000 to $100,000 investment to launch a franchise. The initial cost paid to BungoBox includes BungoBoxes and other required rental equipment, marketing material and $30,000 in reserve capital. Franchisees will also need a small warehouse space — about 1,000 to 1,500 square feet — to store and clean the boxes and to purchase at least one delivery truck.
New franchises locations have started with one employee or a staff and a full time General Manager. After that, It can ramp up pretty quick, if you follow the system and work really hard.
Click here to learn more about BungoBox franchise opportunities.