Looking for ways to make more money? Why not consider generating a stream of passive income to supplement your paycheck, save up for retirement or perhaps take the vacation of a lifetime. A passive income stream does not require a significant time investment. Instead, it can be maintained on a flexible, part-time schedule. Continue reading to explore passive income ideas for 2022.
Ideal passive income ideas for 2022 follow a semi-absentee model
If you choose a semi-absentee, passive income stream, you’ll be able to continue to meet all of your current obligations. A semi-absentee business only requires a part-time commitment on a flexible schedule that fits around your current lifestyle. In other words, it’s a side hustle.
It’s essential to select a genuinely semi-absentee opportunity—one that doesn’t require a commitment of 40 hours per week. In addition, consider whether your passive income idea would require renting a space. Launching a business that requires renting or purchasing a building will require a great deal more overhead. It can also create unnecessary stress than a business that doesn’t need a physical address.
Is clothing recycling the passive income idea you’ve been looking for?
There are many passive income ideas for 2022, but only one Clothes Bin®. It’s a clothing recycling franchise opportunity that follows a proven business model. Since you don’t have to lease or purchase office space to run your Clothes Bin® franchise, you won’t have to worry about that overhead. And because you can run your business with a flexible schedule, it’s entirely possible to fit this business venture into your current lifestyle.
Once you become a Clothes Bin® franchisee, you’ll place Bins at strategic locations in your territory—like schools, gas stations, or parking lots. People in the community will bring contributions of clothing, shoes and other textiles to the Bins. You or your employees will periodically revisit the Bins to empty them and sell the contributions to textile recyclers. Even better, this franchise model is eco-friendly.
Partner with Clothes Bin and start generating passive income in 2022
The team at Clothes Bin® is committed to helping you become an accomplished entrepreneur with your own semi-absentee clothing recycling franchise. We have extensive experience working with people from all walks of life—full-time employees, first responders, veterans and those working one or more part-time jobs.
We look forward to answering all of your questions about our Clothes Bin® business model. Further, we provide extensive training and support services as you work to set up and optimize your business. It’s the ideal passive income idea for 2022. Contact us today and get ready to Win-Win with the Bin!
Franchising is widely considered one of the best business opportunities for veterans. Not only are franchises great for first-time business owners, but they also allow for flexible scheduling and don’t require any prior sales experience. Clothes Bin® is a recycling franchise that offers a fantastic opportunity for first-time business owners. If you’re a veteran with an entrepreneurial dream, this could be a promising way to own and operate your own business.
How Clothes Bin® Works
According to the EPA, 85% of textile waste ends up in landfills, creating 17 billion pounds of waste. Over time, it produces greenhouse gases, which contribute to climate change. Clothes Bin®, the first and only textile recycling franchise, addresses this issue. Here’s how it works. Bins are placed in convenient locations in your community, such as schools, gas stations, and parking lots.
Residents, instead of throwing out clothes and shoes, can place their contributions in Bin, which are independently owned by franchisees. In addition, each Bin is equipped with BLIP®— which monitors them and alerts the franchisee whenever one approaches its capacity and needs to be serviced. The contributions can be sold to local buyers, second-hand/thrift stores or a National Buyer Program.
It’s a semi-absentee franchise model that promotes environmental stewardship, and provides a source of clothes, shoes and textiles in the United States and throughout the world.
Why Clothes Bin® is a Great Opportunity for Veterans
A Clothes Bin® franchise appeals to many veterans because it allows for a flexible schedule– you can easily own and run your own franchise even if you already have a full-time job. The Bins are constantly working for you– you do not have to sort through any of the clothes and shoes yourself. Many veterans also enjoy the feeling that they are doing their part for the environment. Not only will you have the chance to own your own business, but you’ll also be helping out your community.
Clothes Bin also offers special discounts and financing opportunities for veterans to help them get started on their entrepreneurial journey. Finally, it’s an excellent opportunity to utilize the skills learned in the military—teamwork, self-sufficiency, and leadership.
How to Get Started with Clothes Bin®
One of the advantages of owning a franchise is you’ll receive all the training you need to operate your franchise and find the best locations for your Bins.
If you’re a veteran interested in learning more about how you can own your franchise, feel free to get in touch with us. We will provide you with the information you need to take advantage of the unique franchising opportunities we offer. If you’re looking for a side hustle to pursue while you continue your current career, then this could be a terrific opportunity for you. Contact us today to learn more about how you can join the Clothes Bin® family.
Traditional franchises require the owner to be on-premises to manage employees, close sales, and grow their business. As a result, most franchise owners have little time outside of business ownership for anything else, let alone a full-time career.
But what if you could do both?
A part-time franchise system offers the freedom and independence to grow your own business while tending to other obligations. Whether you’re looking to supplement your full-time income or interested in a long-term investment opportunity, here are some indications that a semi-absentee recycling franchise is right for you.
#1 – You’re searching for a side business
For many prospective entrepreneurs, investing in a franchise requires quitting a full-time career to pursue business ownership. However, some choose to invest in franchising because it doesn’t require a significant time commitment, leaving room for business owners to focus on other responsibilities. Essentially, semi-absentee franchising comes with all the benefits of owning your own business without having to sacrifice your all your time to run it.
#2 – You want a flexible schedule
Between achieving a comfortable work-life balance, taking care of your family and managing your responsibilities, a flexible schedule might seem like a pipe dream—but it doesn’t have to be.
Unlike traditional opportunities, semi-absentee models offer a flexible schedule, with many companies offering remote work opportunities. This gives you plenty of time to spend with family, work on other passion projects or take up new hobbies.
#3 – You want to diversify your portfolio
Whether you’re adding to your investment portfolio or preparing for retirement, multiple income streams can help you work toward financial security. When you invest in a part-time franchise system, you’re taking steps to make your money work for you while you maintain your full-time career—or enjoy your retirement.
#4 – You’re committed to sustainability
When you open a recycling franchise, you’ll have a valuable opportunity to give back to your community. Research shows that 85 percent of textile waste ends up in landfills, contributing to greenhouse gases and climate change. This statistic can be attributed to the lack of convenient ways to properly recycle old clothes, shoes and textiles.
When you invest in a Clothes Bin® franchise, you’ll become a member of a community committed to sustainability, filled with a team of professionals to help you run your business. In addition, by strategically placing Bins in the parking lots of gas stations, lifestyle centers, and convenience stores, you’ll provide a go-to for anyone looking to recycle items they no longer need or wear.
#5 – You’re an aspiring entrepreneur without experience
Even if you don’t have a business degree or a sales background, it’s still possible to turn your entrepreneurial dream into a reality.
When you invest in a semi-absentee recycling franchise with Clothes Bin®, you’ll have the opportunity to sell collected clothes, shoes and textiles at wholesale prices through our National Buyer Program. And by simply placing Bins in convenient, high-traffic areas, you won’t have to worry about keeping your Bins full or finding people to fill them. Rain or shine, your Bins will do the hard work for you.
Why Clothes Bin®?
With Clothes Bin®, getting started is easy. You won’t have to worry about inventory costs, soft openings or build-out costs. Your Bins are ready to work the moment you place them in the field, while our proprietary BLIP® technology alerts you whenever a Bin requires service.
Think Clothes Bin® might be the right semi-absentee recycling franchise for you? Contact us today to learn more, and Win-Win with the Bin.
Did you know that roughly 85% of all textile waste ends up in landfills each year? Unwanted clothes, shoes and textiles create almost 17 billion pounds of waste in landfills annually. Some people might look at these statistics and see a significant environmental problem. Others might see opportunity. If you’re looking for a side hustle that promotes environmental stewardship and supplements your current job or makes your retirement more comfortable, you might consider generating passive income from recycling clothes and shoes.
What exactly is passive income?
Passive income is not a full-time job or even a part-time job. Instead, it’s income that you receive from secondary sources, such as a side hustle, that doesn’t require a great deal of active involvement. Think of an investment portfolio, for example. You spend a little time each month looking after your investments and evaluating new potential investments while receiving dividends. Since passive income can be generated on a highly flexible schedule, you can continue to work your full-time job or enjoy your retirement while still receiving extra cash to make your lifestyle more comfortable and secure.
What is Clothes Bin and how can it generate passive income?
Clothes Bin is a franchise system with the dual purpose of making the Earth greener while making our franchisees’ more financially secure. It’s a franchise you can feel good about because you’re doing more than your fair share to keep recyclable waste out of landfills. Here’s how Bins can generate passive income for you:
You’ll place at least 20 Bins in strategic locations in your franchise territory.
People see the clearly marked Bins designated for textile recycling and provide contributions to them. It’s self-sustaining, passive advertising.
You or your employee will service the Bins periodically, emptying them when they are near or full capacity.
The clothes and shoes will be sold in bulk.
You’ll deposit the checks and watch your bank account grow.
Clothes Bin is a passive income generator because there is little you need to do to maintain your business. You don’t need to worry about maintaining premises or tracking inventory. There’s no fuss over late shipments or high overhead. After you place your Bins, there is little that needs to be done except for emptying then and selling the contents. Moreover, the recycled textile industry as an avenue for entrepreneurship has remained relatively untapped— until now.
Who can benefit from a passive income generator?
If you wish you had more digits in your bank account, you could benefit from earning passive income. Clothes recycling is a good side hustle for people who already have full-time jobs or one or more part-time jobs. It’s also a solid gig for veterans, police officers, firefighters, and all other first responders.
Get started generating passive income with Clothes Bin
Are you interested in earning passive income on a flexible schedule that fits around your current job and other obligations? Perhaps you’re retired and looking for a new activity– while making the world a little more eco-friendly.
Get in touch with Clothes Bin® today to request information about our franchise opportunities. When you join the Clothes Bin® family, you take the first step in reducing textile waste and promoting sustainability in your community. Contact us today and get ready for a Win-Win with the Bin!
Navigating the transition from military to civilian life is uniquely challenging. Veterans face many obstacles, such as convincing employers that their valuable military skills transfer to civilian occupations. Plus, after spending lengthy deployments away from their families, veterans often desire a flexible schedule that allows them to develop stronger connections with their loved ones. The answer could be a recycling franchise opportunity that promotes environmental stewardship and provides a source of clothes, shoes and textiles in the United States and throughout the world.
Clothes Bin: A recycling franchise opportunity with a cause
Landfill waste is a significant problem for the environment. Specifically, textile waste (clothes and shoes) contributes nearly 11 million tons to landfills each year. Over time, this waste produces greenhouse gases, which accelerates climate change. Clothes Bin seeks to turn this problem into profit by connecting entrepreneurs to a proven franchise model involving clothes and shoe recycling.
As a Clothes Bin franchisee, you would be responsible for signing up locations to host a Bin on a property. Contributors would then bring their unwanted clothes and shoes to these Bins, essentially providing free inventory for your business. When the Bins reach near capacity, you or an employee will empty them and sell the contents to a wholesale clothing recycler, secondhand clothing store or similar entity.
And that’s it. It’s an incredibly simple process that makes both your wallet and the Earth greener.
Why is Clothes Bin uniquely well-suited to the military veteran community?
Clothes Bin is a semi-absentee business model, which means that, unlike most entrepreneurial ventures, it doesn’t require a full-time commitment or a rigid schedule. Instead, you can set up and run your franchise on a flexible schedule that you choose– giving you the freedom to pursue other investments and spend time with your loved ones.
In addition, most new businesses take a long time for entrepreneurs to build. But Clothes Bin is a turnkey franchise business that lets you get started quickly and put the skills you learned in the military– such as leadership, communication skills and self-sufficiency– to good use.
Favorable financial terms for the military veteran community
Clothes Bin’s corporate team understands the unique needs and concerns of the military veteran community. We want to do our part to help our valued veterans navigate the transition to civilian life. As such, we’re pleased to offer a significant discount on the initial franchise fee for all veterans who choose to become Clothes Bin franchisees. In addition, note that Clothes Bin offers additional discounts to all franchise owners who decide to purchase more than one franchise territory to optimize their profit potential.
In addition, military veterans have access to certain financial incentives that other aspiring entrepreneurs do not. For instance, the U.S. Small Business Administration (SBA) administers a Veterans Advantage Loan Program. It provides access to low-interest loans with other favorable terms to veterans and their spouses starting their own franchise business. This significantly reduces any financial obstacles to launching your own entrepreneurial venture.
Become a franchise business owner with Clothes Bin
Clothes Bin welcomes veterans who are interested in putting their hard-earned skills to good use by becoming entrepreneurs. If you would like to earn passive income while working a flexible schedule and enjoying autonomy, we would like to speak with you.
Clothes Bin is an exceptionally supportive franchise system that provides in-depth guidance to our franchise owners every step of the way—from initial set-up to ongoing maintenance and income optimization. Contact us today to learn about our proven process for turning Bins into cash. Get ready to have a win-win with the Bin!
Clothes Bin® is a for-profit, franchise that allows individuals across the country to earn money, while doing right by the planet. We often get asked how Clothes Bin® compares to “the competition,” so we’ll use this space to clarify a few common misconceptions. There are many ways to go green and combat textile waste. There are charities, businesses, entrepreneurs, recyclers, and boutiques all moving toward the same objective, though the business models and quality of program may differ.
Despite the fact that Richard Branson and Jeff Bezos have been to outer space, we currently only have one habitable planet to live in, so we’ve got to take care of it. Currently, 85% of textiles produced end up in landfills. The average American discards more than 81 pounds of textile waste each year, sending the equivalent of a full garbage truck to a landfill site every second. By 2030, we are expected to needlessly throw away 268 billion tons of clothing, shoes, and other textiles a year worldwide. This trajectory is unsustainable and will reach crisis proportions if something isn’t done today.
We are NOT a charity.
Organizations like the Salvation Army collect used textiles for resale. They oversee donation intake, sorting all items, and reselling or discarding what cannot be used.
Clothes Bin® is a green, for-profit recycling franchise that does not compete directly with charities. Textile contributions are not tax-deductible. We target the 85% of textiles that ordinarily end up in landfills, not the amount already donated to charity.
Clothes Bin® does offer fundraising programs by helping schools and other organizations raise money for their respective interests. We provide the Bins free of charge, and then pay the organization for the Bin contents based on a set price per pound.
We are NOT a recycling company.
Communities or businesses that are looking to partner with green initiatives can partner with large recycling companies within their state or that operate across state lines. They put up a donation receptacle, as they would have a trash receptacle, and the company arrives to cart the items away. Recycling companies can be a way to attract customers to a business or demonstrate stewardship for the Earth, but it generates profit for the company only, and not the community partner.
By contrast, Clothes Bin® is an independently-owned franchise meaning:
YOU own a flexible, part-time business with virtually no overhead.
YOU collect the profits of textiles collected and sold through your Bin.
We provide full franchise support covering all aspects of management and operations.
Our brand attracts veterans, teachers, executives, firefighters, police officers, entrepreneurs, and anyone looking for a side hustle that can enhance their livelihood.
What Makes Clothes Bin® Different?
You may have seen other collection containers in your area, but Clothes Bin® offers the latest technology.
The custom-designed Bins are constructed from galvanized steel to resist corrosion and warping.
The powder-coated paint is pre-mixed with a solution that wipes away graffiti with one ingredient.
The mailbox-style chute secured with a heavy-duty, tamper-proof master lock prevents theft.
BLIP technology monitors the fill levels of the Bins and proactively notifies franchisees at service time.
We opened our first franchise in November of 2016, Clothes Bin® is lead by executives with deep experience in textile recycling and management. We are listed among Entrepreneur Magazine’s “Top 500 franchises” and are among INC’s “Top 5,000 Fastest-Growing Private Companies in America.” If you’re looking for a way to go green and earn supplemental income, consider starting a local, SBA-approved Clothes Bin® franchise.
Recycling your old clothes, shoes, and textiles is a simple way for everyone to make a difference and keep the world green. Textile recycling is the modern, responsible alternative to get rid of those old items.
Before throwing away your unwanted clothes and shoes, think again. According to the Council for Textile Recycling, the average U.S. citizen throws away 70 pounds of textiles annually, accounting for nearly 5% of all landfill space. These numbers are not encouraging as sustainability becomes more widely understood and important to those who would rather be part of the solution than the problem.
Clothes Bin® is a national franchise of independently owned and operated Bins. With conveniently placed drop-off Bins, we are making it easy for folks to recycle their unwanted textiles. Find your local Clothes Bin® and start doing your part to preserve our planet.
What To Do with Old Clothes
All good things must come to an end, including your relationship with the clothing and shoes you know you will never wear again. Selling these items is a great option for those pieces that you never wore, rarely wore, or that have some real value to them. Donating your textiles is another option. Though, donation centers aren’t always reliable as they often are at capacity or not accepting new donations for whatever reason.
Franchisees who join Clothes Bin® have a unique opportunity to promote sustainability and reduce textile waste in communities all over the country. Our signature bright green drop-off Bins are easy to spot and make it convenient for locals to contribute their textiles and practice sustainability. Our management team combines over 125 years of experience in the recycled textiles and franchise industries, providing franchisees a process for collecting and distributing the contents of their Bins.
Find Your Nearest Textile Recycling Bin
Clothes Bin® franchise owners are all over the U.S. Drop-off Bins are usually located in:
parking lots outside
busy lifestyle centers
shopping malls
convenience stores
Look for our bright green Bins and bring all your old, outdated, worn-out, worn-down clothes and shoes. Our franchise owners will sell them to local, regional, national, and international buyers who will recycle them responsibly.
How To Reduce Clothing Waste in Your Community
According to the United States Environmental Protection Agency, the textile recycling industry recycles nearly 3.8 billion pounds of post-consumer textile waste (PCTW) each year. That is about equal to 15% of all PCTW. That means approximately 85% of our national PCTW ends up in our landfills. Folks want to help bring this statistic down, and they need access to more Bins.
Become a Clothes Bin® Franchise Owner
Clothes Bin® is an ideal opportunity for anyone looking to supplement their earnings as a semi-absent franchise owner. You work from home while your Bins work 24/7. Each Bin is equipped with our proprietary BLIP® technology, enabling franchise owners to map out their Bin locations and receive an alert whenever a Bin approaches capacity or requires service.
Ready to turn your passion for the environment into your own business? Learn more about our franchise opportunities here.
A Part Time Franchise Business Opportunity That Works Full Time
According to the Recycled Textiles Association, in 2012 about 85% of textile waste ends up in landfills where it occupies unnecessary landfill space. This overwhelming statistic is rooted in the lack of a convenient way for people to properly recycle or dispose of clothes, shoes and textiles.
How Does This Textile Recycling Business Opportunity Stack Up?
The average American discards approximately 70 pounds of clothes, shoes and textiles each year. Most of these items end up in local landfills, which amounts to an astounding 16.9 billion pounds of preventable waste each year.
Unlike other typical recyclables such as bottles, cans and paper goods, most local municipalities do not offer a convenient way for their citizens to properly recycle textiles.
Current recycling trends according to the United States Environmental Protection Agency
TEXTILES: Most people don’t know that textiles can be recycled making them the greatest opportunity for future growth: 85% Growth Opportunity
NEWSPAPERS: Paper recycling is one of the most popular form of recycling: 28% Growth Opportunity
SODA CANS: Recycling remains a popular preference for consumers as long as it is convenient: 50% Growth Opportunity
Why Should You Own a Clothes Bin Franchise?
Proven Business Concept
Strong Franchise Support Program
State Of The Art Technology
Hands On Business Opportunity
Clothes Bin® is a national franchise system made up of independently owned bins that are operated by franchisees.
You’re looking to be a part of an experienced team of industry professionals by joining a franchise system with a proven concept. That’s why we created a strong franchisee support program backed by state-of-the-art technology and our Clothes Bin® Corporate Buy Back Program, so that the items you collect are easier to monetize.
This affordable franchise offers a flexible work schedule, low overhead and competitive margins, making it the ideal opportunity for veterans, firemen, teachers, entrepreneurs, part-time workers and anyone looking for a hands-on business.
The part-time nature and flexibility of owning and operating a Clothes Bin® franchise also makes it a great fit for existing franchisees in other systems who are looking to diversify and expand their interests into another industry.
Compliment Your Other Franchises or Part-time Job With Clothes Bin Franchise Opportunity
Clothes Bin® compliments your other franchises or part-time job. The flexibility of the Clothes Bin® franchise makes this the perfect opportunity for individuals who own other franchises, are looking to capitalize on their free time or supplement their part-time job or profession.
Open 24 hours a day. Bins act like cash machines by making money while you sleep.
Help others do their part for the environment. Your Clothes Bin® franchise will play an important part in keeping clothes and textiles out of your local landfills.
No sales experience needed. The Bin® does all of the selling by compelling your customers to fill the bins. Simply place each bin in a convenient location and your customers will do the rest.
Consistent sales. Our Clothes Bin® Corporate Buy Back Program provides an option for the Company to purchase your collected clothes, shoes and textiles at wholesale prices: How it works
What makes Clothes Bin Franchise the “Best Business Opportunity” for You?
Clothes Bin® is a part-time franchise opportunity that works full-time:
The Bin® is your hardest working employee. They work 24/7/365 without overtime pay and they never call in sick. For them, HR stands for “Happily Recycling.”
Getting started is easy. No build-out, construction inspections or soft openings to worry about. Your bins are ready to get to work the moment you place them in the field and if the location isn’t working for you, you simply relocate the bin to another location. It’s that simple.
Rain or shine, day and night your bins are working for you. BLIP® will monitor each bin and tell you when they need to be serviced. Our unique system will even layout the most efficient collection route.
Simple to manage. Unlike many other franchise opportunities, Clothes Bin® franchisees never have to worry about food costs, spoilage or ongoing inventory management and holding costs.
Affordable franchise. Third-party financing and affordable franchise options make it easier to get started. We even provide discounts for the military, veterans, police and firemen.
Financing is available* Qualified franchisees may receive third-party financing with approved credit.
For interested candidates concerned about financing their Clothes Bin® business investment, there are many ways to secure startup franchise financing.
Financing for Franchises
10-Year SBA Franchise Loans
SBA franchise financing with the SBA 7(A) loan secures you up to $5 million with a 10-25 year repayment term at a prime rate generally ranging from 2.25% – 4.75%. The funds can be used for almost anything startup-related, including the cost of the bins, space and truck rentals, licenses, permits, accounting services, training, computer software, uniforms, and business cards. The only exception is the payment of ongoing franchise fees or royalties. These loans are relatively easy to qualify for, but you’ll need a 10% down-payment on the total cost of the loan to get started.
Third-Party Franchising Loans
Our franchisees can obtain third-party financing through a lender with approved credit. Examples include:
OnDeck Capital – Short-term loans and lines of credit are available to franchisees who need fast access to cash, even if they’re new to entrepreneurship or lack perfect credit. Loans range from $5,000 to $500,000 with terms of three to 36 months. Interest rates can start as low as 9% but vary up to 99%, depending on the applicant’s qualifications. Funds can be used for anything except for the franchise fee with approval in as little as a day.
Apple Pie Capital – Apple Pie Capital works exclusively with franchises. Equipment loans start at $15,000, and financing for new units starts at $100,000. Interest rates and terms vary because they work with various lenders, but their industry expertise can be a great asset to new franchise owners or franchisees looking to expand.
CAN Capital – CAN Capital provides short and medium-term loans ranging from $2,500 to $250,000, subject to equally wide-ranging terms. While the requirements can be lofty, CAN Capital’s fast application process and willingness to work with franchisees who have current debt makes them worth considering.
Funding Circle – This alternative lender offers $25,000 to $500,000 loans with terms from six months to five years at 4.99 to 22.99% APR. Qualifications include a minimum credit score of 620 and at least two years in business. There is no annual revenue requirement. Applications are quick, easy, and approved in as little as three days. Like CAN Capital, Funding Circle works with franchisees who have other debts, which can be conveniently consolidated.
These lenders also offer affordable franchise equipment financing.
401k Rollovers
401k business financing, or Rollovers for Business Startups (ROBS), is a common method of funding franchise businesses. With this financing method, you draw money out of your retirement account without incurring an early withdrawal fee or tax penalty. Unlike loans, there is no interest charged to access this capital. You won’t need collateral, business experience, or a credit score. You can borrow up to 50% of your account balance, up to a maximum of $50,000. As you earn money and pay yourself a salary, you can put money back into your account to grow your nest egg. It could take up to three weeks to access cash this way, but you can use the funds for any business-related purpose.
Home Equity Line Of Credit (HELOC)
Homeowners can borrow funds against the equity invested in your home. Use the funds any way you want, including to pay franchise fees. A home equity line of credit can be repaid in monthly installments over several years. Once the loan has been repaid, you may be eligible to borrow more.
Get More Information on Franchise Financing
There are many ways to make your dream of franchise ownership come true. Fill out our form to request more about third-party financing options for franchisees.
Veterans comprise roughly 7 percent of the U.S. population, but they account for 14 percent of franchise business owners. More than 238,000 former military and their spouses have capitalized offfranchise opportunities for veterans in the last five years alone. Financial incentives like investment discounts and small business grants make it easier for veterans to make the transition.
Why a Franchise Makes the Perfect Small Business for Veterans
When it comes to small business for veterans, few opportunities are as suitable. Here’s why:
Freedom – A franchise, particularly the semi-absentee franchise, can be managed in less than 40 hours per week, leaving room to spend time with family and pursue a civilian career or other investments.
Structure – It’s easy to feel adrift when transitioning from the rigorous, highly structured military life to civilian life. Franchise operators receive all the information they need to run a successful business.
Hit the Ground Running – It can take a long time to build a business from scratch. By contrast, franchises are turnkey-ready businesses that allow veterans to put their skills to work immediately.
No Experience Necessary – Franchise businesses appeal to first-time business owners, as they offer support for planning, operations and marketing. Most brands have name recognition already.
Special Rates – Over 500 franchise companies openly promote investment opportunities to veterans and offer discounts or incentives to help veterans get their franchises started.
Executive-Level – It can be frustrating to move from a top rank in military service to the bottom of the ladder. Owning a franchise allows veterans to maintain high status in an executive role.
Why Veterans Make Great Franchise Business Owners
Franchise companies love veterans and promote veteran business opportunities for many reasons:
Skills – Veterans possess strong management and communication skills. They are well-suited to the highs and lows of running a business and appreciate the structure that franchising provides.
Referrals – Veterans often keep in contact with other like-minded individuals. If a particular opportunity is working, they are likely to hire veterans as employees and help friends grow the franchise.
Customers – Veterans spend 16% more than the average U.S. household, and they like to support veteran-owned businesses whenever possible. Also, the general public places great trust in veterans.
Company Standards – Veterans take great pride in their work and often elevate the company’s standards by working toward a higher mission, acting respectfully and strengthening the franchise.
Branding – Consumers are choosing businesses based on mission, values, and which causes they support. Providing veterans with business opportunities puts the franchise in a more favorable light.
Business Grants for Veterans
While the V.A. itself doesn’t facilitate a transition to franchise ownership, many other organizations offer business grants for veterans. The U.S. Small Business Administration runs a Veterans Advantage loan program to support veterans looking to start a franchise. Additionally, companies like Clothes Bin® provide a discount for veterans opening their first franchise.
Contact Clothes Bin® for Veteran Business Opportunities
Clothes Bin® proudly ranks among the top franchise businesses for veterans to start. The concept is simple: the green bins are located around town; contributors add their used and unwanted clothing to the containers; you send them for recycling. Then, you get paid. Most owners put in less than 40 hours per week managing their franchise, which makes it an ideal opportunity to scale up or pursue on the side of other pursuits.
Entrepreneur Magazine lists us as one of the “Top 100 New Franchises.” The Clothes Bin® team combines over 125 years of experience in collecting and distributing recycled textiles. An astounding 17-BILLION POUNDS of clothing waste ends up in landfills unnecessarily each year, so you can think of us as part of the Green Movement to turn this tide.
According to the Recycled Textiles Association, in 2012 about 85% of textile waste ends up in landfills where it occupies unnecessary landfill space. This overwhelming statistic is rooted in the lack of a convenient way for people to properly recycle or dispose of clothes, shoes and textiles.
Public demand for green solutions has never been higher, yet the recycled textile recovery industry remains relatively untapped, until now.
Clothes Bin® is a for-profit, franchise that allows individuals across the country to earn money, while doing right by the planet. We often get asked how Clothes Bin® compares to “the competition,” so we’ll use this space to clarify a few common misconceptions. There are many ways to go green and combat textile waste. There are charities, businesses, entrepreneurs, recyclers, and boutiques all moving toward the same objective, though the business models and quality of program may differ.
Communities or businesses that are looking to partner with green initiatives can partner with large recycling companies within their state or that operate across state lines. They put up a donation receptacle, as they would have a trash receptacle, and the company arrives to cart the items away. Recycling companies can be a way to attract customers to a business or demonstrate stewardship for the Earth, but it generates profit for the company only, and not the community partner.
You may have seen other collection containers in your area, but Clothes Bin® offers the latest technology.
Recycling your old clothes, shoes, and textiles is a simple way for everyone to make a difference and keep the world green. Textile recycling is the modern, responsible alternative to get rid of those old items.
SBA franchise financing with the SBA 7(A) loan secures you up to $5 million with a 10-25 year repayment term at a prime rate generally ranging from 2.25% – 4.75%. The funds can be used for almost anything startup-related, including the cost of the bins, space and truck rentals, licenses, permits, accounting services, training, computer software, uniforms, and business cards. The only exception is the payment of ongoing franchise fees or royalties. These loans are relatively easy to qualify for, but you’ll need a 10% down-payment on the total cost of the loan to get started.
