Smash My Trash
Who are we
What to know about Smash My Trash franchise? Smash My Trash is a national provider of on-site waste compacting services in the United States. Their unique solution is designed to help businesses reduce their waste disposal costs while also making it easier and more efficient to manage their trash. They offer a variety of services, including on-site waste compacting, waste management consulting trash removal and recycling, and more. Their team of experts works with the customer to tailor a solution that meets their specific needs and budget. Smash My Trash provides their franchisees with all the necessary training and support to get started in the business. They also offer a variety of marketing materials to help franchisees promote their businesses. Smash My Trash is based in Westfield, IN. Scroll down to learn more!How much does a Smash My Trash franchise cost?Are you wondering how much is a Smash My Trash franchise? Before starting a Smash My Trash franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Smash My Trash franchise is $339,850 and can go all the way up to $400,500. Keep in mind, you should also allocate additional funds to live off of while the Smash My Trash business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Smash My Trash franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Smash My Trash business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Smash My Trash franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.
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Franchisees
Updated on Aug 8, 2024Reviews
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Could be a great franchise if corporate management was better and more supportive of franchisees. Also, there is a high amount of risk due to issues with haulers. That risk can only be mitigated by going deeper out of pocket for a waste hauling business to protect smash business.
The other franchisees are a great bunch of people and the concept of the business is great. It's nice to help companies become more environmentally friendly and save money at the same time.
Corporate management and risk associated with the business model. Basically, unless you also want to get into hauling, you risk your business evaporating if you have trouble with a hauler. Also, the greed of the franchisor is over the top. The franchise was sold as an "absentee owner" franchise and it is very far from that.
NoNeutralDisapprovesOverall good brand with a service that is very appreciated by 95% of the customers.
Great concept, disruptive to the industry in a good way, customers LOVE us, recurring revenue model, systems are decent, Smash Trucks are attention getters and helps with sales, physical location not required, reasonable franchisor leadership.
Required truck development schedule that is completely unreasonable (likely pushed by Franchise Fastlane when they got involved) along with minimum royalties tied to this truck development schedule for a double whammy. You're required to buy trucks when your revenues and schedule does not support the case, and the minimum royalties kick in where actual royalties are 25% instead of 8%, depending on progress made. ALL territories are treated equal, so smaller to mid size markets CANNOT support the development schedule forced on you, and the opportunities are much more limited than large metro areas or industrial/manufacturing/port cities. All awards given at national conference basically reward only franchisees in these large, opportunity rich, cities... National accounts are also only beneficial to these same opportunity rich cities, and all others get slim pickings, and on top of that have to pay an additional 10% referral royalties for a year... so for national accounts, and forced minimum royalties on a development schedule unrealistic in small-mid markets, you could be paying 35% royalties.
YesPositiveApprovesFrom day one of discovery day, I have been all in and will continue to be.
Vision and continued disruption
Honestly, I believe in this brand and the leadership. I feel we are all driving in the same direction with the same determination. It's exciting. I cannot really think of a thing that I dislike. I love what I do.
YesPositiveApprovesThe company should focus on the success of the franchisees as much as the success of the company.
I like the recurring revenue model.
I don't like the minimum royalty charges that are over the 8% royalty fee of revenue. The minimum royalty charge is 15% of revenue. I feel like this is good for the franchisor and bad for the franchisee. It impacts profitability in a big way.
YesPositiveApproves
How much will it cost
- $49,500