DaaBIN Store Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
DaaBIN Store is a liquidation retail franchise operating bin stores where shoppers dig for discounted overstock merchandise, with prices dropping through the week. Franchisees run the stores, managing sourcing, restocking, and sales.
FranchiseVerdict summary · 2026
A DaaBIN Store franchise requires a total initial investment of $162K – $276K, including a $35K franchise fee and an ongoing 5.0% royalty[2]. The 2024 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2024 FDD issuance
Overview
- Investment
- $162K – $276K
- 18th pct Retail
- Avg gross sales
- N/A
- Company-owned onlyn=1
- Royalty
- 5.0%
- 6th pct Retail
- Units
- 1
- 1st pct Retail
- SBA charge-off
- N/A
Quick verdict · Retail · color = vs category peers
Green = favorable by >10% vs Retail avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $162K – $276K including a $35K franchise fee, 5.0% ongoing royalty.
- RETURNSEntity: DAABIN STORE FRANCHISING, LLC (the Franchisor). Audited Balance Sheet only, as of May 16, 2022 (startup/inception). No income statement is presented, so revenue and net income are not reported (null). Figures in whole US dollars, not scaled. Balance sheet reconciles: total assets $5,020 = total liabilities $0 + total owner's/shareholders' equity $5,020 (single line: Retained Earnings (Deficit) $5,020).
- RISKVerdict C (Average), verdict score 43/100 (higher is better).
- DATAItem 19 reports affiliate store historical rather than annual gross sales, so unit revenue is not directly comparable. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- DaaBIN Store Franchising, LLC
- Parent company
- DaaBIN Store, Inc.
- CEO title
- Manager
- Andrew Weichers
- Incorporated in
- IA
- HQ
- 4426 Butterfield Road, Cedar Falls, IA 50613
- Auditor
- Naper CPA Group (Omar Alnuaimi, CPA)
- Audited financials
- Franchisor revenue
- $0
- vs $3.2M prior year
Overview
About
- CEO
- Andrew Weichers
- Headquarters
- IA
- Founded
- 2022
- FDD year
- 2024
- States available
- 4
Can you afford it, and what does the money buy?
Entry cost runs 47% below the typical retail franchise.
Source: FDD 2024 · Items 5–7
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $50K | $100K |
| Equipment, build-out, other | $77K | $141K |
| Total initial investment | $162K | $276K |
Source: DaaBIN Store 2024 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $162K – $276K
- Top 40% of category vs category
- Liquid capital req'd
- $50K – $100K
- Top 40% of category vs category
- Franchise fee
- $35K – $35K
- Top 40% of category vs category
- Royalty
- 5.0%
- percentage · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Transfer fee | $10K |
| Renewal fee | $0 |
| Inventory (initial) | $25K – $30K |
| Total fee load | 6.0% of rev |
What do units actually make?
Source: FDD 2024 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
DaaBIN Store did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one DaaBIN Store unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
23%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2024 FDD
Financial Performance
Entity: DAABIN STORE FRANCHISING, LLC (the Franchisor). Audited Balance Sheet only, as of May 16, 2022 (startup/inception). No income statement is presented, so revenue and net income are not reported (null). Figures in whole US dollars, not scaled. Balance sheet reconciles: total assets $5,020 = total liabilities $0 + total owner's/shareholders' equity $5,020 (single line: Retained Earnings (Deficit) $5,020).
Company-owned outlets only - not franchisee performance
Based on a single reporting unit - not a system average
- Item 19 type
- affiliate store historical
- Sample size
- 1
- vs category median 47 · small
- Reported figure
- $910K
- A single outlet — not a range
- Reporting year
- 2022
- Fiscal year the figures cover
- Source filing
- FDD 2024
- Disclosed in the 2024 filing, covering 2022
- Transparency
- 4 / 10
- vs category median 3 / 10 · above
Compared against 278 Retail brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Retail average of 8.9%.
Disclosure
Item 19 reports affiliate store historical rather than annual gross sales, so unit revenue is not directly comparable.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Retail averages
How DaaBIN Store Compares
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 1
- Opened
- 1
- Last reporting year
- Closed
- 0
- Turnover rate
- 45.5%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 4 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.
4
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
DaaBIN Store exhibits HIGH RISK profile with catastrophic unit decline, undisclosed profitability, false going concern status, and high entry cost—suggesting a potentially failing system in survival mode.
Litigation (Item 3)
No litigation required to be disclosed.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Naper CPA Group (Omar Alnuaimi, CPA)
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 43 / 100 verdict
- 01HIGHGoing Concern status is FALSE — franchisor may lack financial viability or stability
- 02MEDHigh initial investment ($161,750–$276,000) combined with undisclosed profitability creates unfavorable risk/reward ratio
- 03MINOR5% royalty on net sales means franchisor extracts revenue even if franchisees are unprofitable
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | exclusive |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 2 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Cedar Falls, Iowa |
| Jury trial waiver | Yes |
| Governing law | IA |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed.
Items 10, 11
Training & Operations
- Classroom training
- 31 hrs
- On-the-job training
- 13 hrs
- Training location
- Cedar Falls, IA or franchisee's location
- Ongoing training
- Optional
- Time to open
- 2 mo
- From signing to launch
- Site selection
- franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Square POS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Square POS
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a DaaBIN Store franchise?
The total investment to open a DaaBIN Store franchise ranges from $162K – $276K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do DaaBIN Store franchise owners earn?
DaaBIN Store does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the DaaBIN Store FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the DaaBIN Store FDD and qualifies whose outlets they describe.
What is DaaBIN Store's franchise failure rate?
SBA 7(a) loan charge-off data is not available for DaaBIN Store (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many DaaBIN Store franchise locations are there?
As of their most recent FDD filing, DaaBIN Store has 1 total units in the United States, including 0 franchised units and 1 company-owned units. 1 new units were opened in the latest reporting year.
Is DaaBIN Store a good franchise to buy?
FranchiseVerdict rates DaaBIN Store as a C-grade franchise with a verdict score of 43 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent DaaBIN Store, you can request corrections or provide updated information.
Other Retail franchises
Compare similar franchise opportunities in the Retail category
Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.