FranchiseVerdict
Bin Blasters logo
FV-00306·CAUTIONStandard76

Bin Blasters

OtherFranchising since 2021Website
Investment
$129K – $364K
45th pct Other
Avg revenue
50th pct Other
Royalty
6.0%
17th pct Other
Units
8
34th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $129K – $364K including a $30K franchise fee, 6.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 72/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
  • No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Bin Blasters Franchising, LLC
Parent company
null
Incorporated in
Utah
HQ
1177 S 1400 E, Spanish Fork, Utah 84660
Auditor
Naper CPA Group
Audited financials
Franchisor revenue
$77K
vs $229K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Bin Blasters unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $129K–$364K
Working capital
$
FDD reports $20K–$25K

Unlevered ROIC · per unit

45%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$269K
Payback
27 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Bin Blasters franchisees operate a mobile/commercial trash bin cleaning and sanitization service, servicing residential and commercial accounts. Day-to-day operations involve scheduling service routes, managing equipment, handling customer service, and executing bin cleaning using specialized trucks or portable equipment. The business model is service-based with recurring revenue potential from contract accounts.

CEO
Casey Evertsen
Founded
2021
FDD year
2025
States available
3

Item 7 · what it costs

The Vitals

Total investment
$129K – $364K
All-in to open one unit
Liquid capital
$20K – $25K
Cash you must have on hand
Franchise fee
$30K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
8
Opened
2
Last reporting year
Closed
2
Turnover rate
25.0%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
+60.0%
Compounded over last 3 years
2023
8±0
Franchised units
2024
8
Franchised units
2025
5
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 12 · 3 states reported

The Territory Map

FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.

3

states with franchisees (per FDD Item 12)

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
2
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

72
Risk · 0-100
CAUTION72 / 100

Bin Blasters is a micro-franchise with critical transparency gaps, no financial performance data, unprotected territory, and franchisor stability concerns—presenting extreme difficulty in validating investment viability.

Score breakdown · what drove the 72 / 100 rating

  1. 01MINOROnly 8 units system-wide with unknown/stagnant growth trajectory suggests minimal scale and market validation
  2. 02MEDNo average revenue or net income disclosure (missing Item 19) prevents ROI assessment and suggests weak unit economics
  3. 03HIGHGoing concern status is FALSE, indicating potential financial instability at franchisor level
  4. 04MINORUnprotected territory creates direct competition risk between franchisees in same market
  5. 05MINORWide investment range ($129K–$364K) with no clear revenue correlation suggests unpredictable unit economics
  6. 06MED6% royalty on undisclosed sales makes break-even analysis impossible for prospective franchisees
  7. 07MINORTiny franchise system (8 units) increases franchisor failure risk and support sustainability concerns

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Number of Households
Protected territory
No
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Utah

Item 11

Training & Operations

Classroom training
19 hrs
On-the-job training
29 hrs
POS system
Jobber
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

1 numbers

Locked
(435) 754-••••
UT

One-time purchase · CSV download · Validation questions included

FDD download

Bin Blasters · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above