Why Dumpster Rental Franchises Are a Lucrative Business Opportunity

The Nine Most Important Benefits Of Running Your Own Dumpster Rental Franchise

For prospective entrepreneurs looking to start their own business, franchises can be one of the most lucrative business opportunities available. But not all franchises are equal, and some tend to provide a higher return on investment than others.

One of the most lucrative franchises to invest in? A dumpster rental service like Gorilla Bins. Dumpster rentals are in high demand right now, and those who choose to work with an established franchise will often see an incredible return on investment. Keep reading to learn more about the dumpster rental industry and the numerous benefits of starting your franchise.

What is a Dumpster Rental Franchise?

As the name suggests, a dumpster rental franchise specializes in providing dumpster rental and waste management services to various clients.

At Gorilla Bins, we follow a simple three-step process for waste removal. Our customers start by choosing their bin size and arranging for drop off; then once it has been filled, we take it away for them.

Once we collect your dumpster, we ensure that all of your waste is disposed of responsibly by:

Manually and mechanically sorting all construction and demolition waste
Sending all cardboard and paper items to pulp mills to be reused
Recycling all plastic
Grinding clean wood into chips to be used for biomass energy
Reusing concrete for clean fill
Recycling scrap metal through local dealers

Why You Should Consider Starting Your Own Dumpster Rental Franchise

There are so many reasons to consider becoming a dumpster rental franchisee. The main being that it’s incredibly lucrative from a business perspective.

Here are a few reasons why starting a dumpster rental franchise will benefit you as a business owner.

Take Advantage of Growing Demand

The demand for waste disposal services is currently at an all-time high, especially with construction, renovation, and other projects generating significant amounts of waste. This demand is only expected to increase over the next 10 years.

A recent market report found that the dumpster rental industry has a compound annual growth rate of 6.0% which could increase to $1.4 billion by 2027.

Generate a Diverse Customer Base

Dumpster rental services are used by both residential and commercial clients, ensuring a steady stream of business. Therefore, this type of franchise can diversify its customer base and target a wide range of people, including:

Contractors
Homeowners
Property managers
Event organizers

There are Lower Startup Costs

The startup costs associated with starting a franchise can be lower than other types of businesses. However, this will depend on the franchise you are working with and the franchise and royalty fees they charge.

You Get Access to Training and Support from the Franchisor

One of the best parts about starting a franchise is that you will receive training and ongoing support from the franchisor, giving you the tools you need to become a successful franchise owner.

While the level of support and training varies amongst franchisors, you can typically expect to receive guidance on the following aspects of owning a franchise:

Selecting a location, setting up operations
Using the franchisor’s branding and merchandising
Recruiting and training employees
Managing customer service
Creating marketing and advertising plans
Following proper sales procedures
Managing day-to-day operations
And more.

For franchisees who don’t have experience with dumpster rentals, waste disposal, and franchising, receiving this type of support can be invaluable.

Existing Brand Recognition

When it comes to building a successful business and bringing in customers, brand recognition is everything. When you partner with an established franchise, you’ll benefit from existing brand recognition, making your franchise more recognizable and trustworthy to customers, which can significantly boost sales and customer loyalty.

Develop a Loyal Customer Base

The types of customers that will be using your services tend to require using dumpsters on an ongoing basis. If they like working with your franchise, you can generate many loyal, long-term customers.

Dumpster Rentals Businesses Are Easy to Scale

Furthermore, franchises benefit from the collective buying power of the entire franchise network, which means franchisees can get discounts on supplies, equipment, and inventory, reducing operating costs and increasing profits.

Independent businesses might not have the same negotiation power with suppliers. Considering these facts, it’s fair to say that a dumpster rental franchise can be incredibly profitable and, therefore, easier to scale compared to other types of businesses.

Exclusivity Over Territory

Franchisors typically grant franchisees an exclusive territory where no other franchisee from the same brand can operate. This territorial protection means you don’t have to worry about competing with other franchisees and can become your area’s go-to dumpster rental service.

There’s Significantly Less Risk Involved

It’s no secret that starting any type of business involves a significant level of financial risk that you must be willing to take on. However, when your business is a franchise, there is significantly less risk due to the benefits we’ve covered in this article.

Ready to get started on your dumpster rental franchise journey? Why not consider partnering with Gorilla Bins?

Gorilla Bins is Ontario’s leading waste management franchisor with several locations across the Greater Toronto Area. We proudly offer all of our franchisees extensive training and support to help them be successful and we are always looking for new franchisees to join our family.
Get in touch with our team today to learn more about Gorilla Bins and how we can help set your franchise up for success.