ChopValue franchise
2024 filing · April 22, 2024
ChopValue at a glance
A micro-factory that collects used chopsticks and other discarded materials and turns them into furniture, home goods and wall panels.
The business
- Industry
- Retail
- Franchisor
- ChopValue Franchising LLC
- The company that sells the franchises
- Franchising since
- 2020
- 4 years of selling franchises
- Typical size
- 1,500–4,500 sq ft
What you pay
- Cost to open
- $462K–$588K
- One micro-factory
- Franchise fee
- $65,000
- $40,000 for a second to fourth franchise
- Royalty
- 6%
- 6% of gross sales, paid weekly
- Brand fund
- 2%
- 2.0% of gross sales, paid with the royalty; it can rise to 3%
- Renewal fee
- See terms
- 50% of our then-current initial franchise fee.
- Agreement length
- 10 years
- Territory
- None
- No exclusive territory
Where it is
- Franchised, 2023
- 5
- As printed in the filing
From ChopValue Franchising LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
ChopValue among all franchises with the same figure.
| Figure | ChopValue | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $524,850 | Costs more than 66% of franchises |
| Franchise feePaid once, when you sign | $65,000 | Higher than 92% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
How much a ChopValue franchise costs
Opening one micro-factory costs an estimated $462,200 to $587,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are furniture, fixtures, and equipment ($295,000 to $320,000) and additional funds – for initial 3-month period ($60,000 to $90,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $32,500 | $65,000 | |
| Rent for First 3 Months | $15,000 | $21,000 | |
| Security Deposit | $10,000 | $14,000 | |
| Leasehold Improvements | $15,000 | $20,000 | |
| Signage | $500 | $1,500 | |
| Furniture, Fixtures, and Equipment | $295,000 | $320,000 | |
| Initial Training Expenses | $10,000 | $14,000 | |
| Point of Sale and Computer Hardware and Software | $1,500 | $3,000 | |
| Initial Inventory/Supplies | $12,000 | $15,000 | |
| Professional Services | $1,000 | $5,000 | |
| Grand Opening Promotional Expenses | $10,000 | $15,000 | |
| Insurance | $3,000 | $4,000 | |
| Additional Funds – For Initial 3-Month Period | $60,000 | $90,000 | |
| Total | $462,200 | $587,500 |
Source: ChopValue Franchising LLC, 2024 filing, page 12
ChopValue franchise fee
The franchise fee is $65,000, $40,000 for a second to fourth franchise. You pay it when you sign the franchise agreement.
Source: ChopValue Franchising LLC, 2024 filing, page 8
Royalty and ongoing fees
| Royalty | 6% of gross sales, paid weekly. |
|---|---|
| Brand or marketing fund | 2.0% of gross sales, paid with the royalty; it can rise to 3%. |
| Renewal Fee | 50% of our then-current initial franchise fee. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: ChopValue Franchising LLC, 2024 filing, pages 8 and 9
Other fees as filed, from page 11. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures ChopValue does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: ChopValue Franchising LLC, 2024 filing, page 35
How ChopValue compares
Of the 302 retail franchises on this site, ChopValue is the 253rd cheapest to open.
| Figure | ChopValue | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $462K | $198K | $222K |
| Cost to open, high end | $588K | $425K | $477K |
| Franchise fee | $65K | $35K | $40K |
| Royalty | 6% | 5.7% | 6% |
| Brand fund | 2% | 2% | 2% |
| Shares earnings figures | No | 187 of 302 | 2,147 of 3,352 |
Typical is the median across the 302 brands in retail franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2021 | 3 (+2) | 1 |
| 2022 | 6 (+3) | 1 |
| 2023 | 5 (−1) | 1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. Counts cover the United States and Canada.
These figures don't add up as printed: the 2023 counts come to 6, but the filing shows 10. Worth asking the franchisor.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: ChopValue Franchising LLC, 2024 filing, page 36
Where ChopValue locations are
At the end of 2023, ChopValue had locations in 5 states. The most are in British Columbia, Alberta and Massachusetts.
- British Columbia2
- Alberta1
- Massachusetts1
- Nevada1
- Ontario1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| British Columbia | 1 | 1 | 2 |
| Alberta | 1 | 0 | 1 |
| Massachusetts | 1 | 0 | 1 |
| Nevada | 1 | 0 | 1 |
| Ontario | 1 | 0 | 1 |
Source: ChopValue Franchising LLC, 2024 filing, page 37
Who owns ChopValue?
ChopValue franchises are sold by ChopValue Franchising LLC. It is a subsidiary of ChopValue Manufacturing Ltd.
From ChopValue Franchising LLC’s 2024 filing, page 6.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: ChopValue Franchising LLC, 2024 filing, litigation on page 8, bankruptcy on page 8
ChopValue filings
The figures on this page come from ChopValue Franchising LLC’s 2024 filing, issued April 22, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | April 22, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
