Smash my Trash Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$49,500
Investment required
$360,000 – $481,000
Royalty fee
8.00%

Smash My Trash: Revolutionizing Waste Management with Innovation

Established in 2018, Smash My Trash is a forward-thinking franchise headquartered in Carmel, Indiana. The company specializes in mobile waste compaction, helping businesses reduce their commercial waste volume by as much as 70%.

This service not only lowers operational expenses for clients but also supports environmental sustainability by decreasing CO2 emissions and minimizing the frequency of waste pickups. After launching its franchising program in 2019, Smash My Trash has rapidly grown, now serving over 10,000 customers across more than 41 states.

What sets Smash My Trash apart in the waste management sector is its ability to merge cost efficiency with eco-friendly practices. Its business model is built on recurring revenue and operates in a market with limited competition, ensuring a unique position in the industry.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial franchise fee $49,500
Rent, Utilities and Leasehold Improvements $500 – $4,000
Operating Assets $500 – $2,000
Market Introduction Program $2,500 – $5,000
Computer System $6,900 – $40,500
Insurance $2,000 – $10,000
Trucks $262,500 – $310,000
Licenses and Permits $500 – $1,000
Dues and Subscriptions $350 – $1,000
Professional Fees $2,500 – $5,000
Travel, lodging and meals for initial training $2,000 – $3,000
Additional Funds – 3 months $30,000 – $50,000
Total Estimated Initial Investment $360,000 – $481,000

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Number of units

2023
Franchised units

244

427

530

Company-owned units

1

19

19

Total units

245

446

549

Franchise Disclosure Document

Training

The training provided by Smash My Trash includes an Initial Training Program and ongoing training. The Initial Training Program is mandatory for the Principal Executive and General Manager before opening the franchise.

It includes classroom instruction, remote training (via internet), on-the-job training, and self-study programs. This training is conducted at the franchisor's headquarters in Carmel, Indiana, at a designated Smash My Trash Business, or virtually.

The franchisor also provides ongoing training, which may include additional courses, online programs, and evaluations that must be completed periodically. Franchisees might be required to acquire specific equipment or technologies to participate in these training programs.

Additionally, conventions or other events may also form part of the ongoing training requirements, ensuring franchisee personnel are updated on operational and brand standards.

While the franchisor offers the Initial Training Program for up to three participants at no charge, franchisees are responsible for associated costs, such as travel and accommodation.

For any extra attendees or additional training required due to unsatisfactory performance, fees may be applicable. This structured approach ensures franchisees align with the brand's operational and service standards.

Territory Protection

Smash My Trash grants franchisees a designated territory where no other Smash My Trash business will be established or licensed to serve customers directly, as long as the franchisee complies with the agreement. However, the franchisor may engage in certain activities, like regional marketing, within the territory.

Territory rights are not fully exclusive, as franchisees may face competition from other franchisees or franchisor-owned outlets. The franchisor can also modify territory boundaries under specific conditions, such as performance issues or during franchise renewal.

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