DaaBIN Store franchise
2024 filing · April 1, 2024GrowingShares sales figures
DaaBIN Store at a glance
A discount store selling overstock, returned and open-box goods from bins. At the end of 2023 there were 11 DaaBIN Store locations in the US, 3 franchised and 8 company-owned, so most are run by the company itself.
The business
- Industry
- Retail
- Franchisor
- DaaBIN Store Franchising, LLC
- The company that sells the franchises
- Franchisor based in
- Cedar Falls, Iowa
What you pay
- Cost to open
- $162K–$276K
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of net sales, paid weekly
- Brand fund
- 1%
- 1% of net sales, paid weekly
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 11
- Franchised and company-owned
- Franchised
- 3
- Company-owned
- 8
- Change in 2 years
- +3
- Franchised locations, 2021–2023
- States
- 6
- Most in North Carolina, Iowa and Missouri
From DaaBIN Store Franchising, LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
DaaBIN Store among all franchises with the same figure.
| Figure | DaaBIN Store | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $218,875 | Costs less than 67% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 11 | Fewer than 60% of franchises |
How much a DaaBIN Store franchise costs
Opening one DaaBIN Store costs an estimated $161,750 to $276,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: DaaBIN Store Franchising, LLC, 2024 filing, page 20
DaaBIN Store franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: DaaBIN Store Franchising, LLC, 2024 filing, page 14
Royalty and ongoing fees
| Royalty | 5% of net sales, paid weekly. |
|---|---|
| Brand or marketing fund | 1% of net sales, paid weekly. |
| Computer Systems | $500 |
| Transfer fee | $10,000 plus any broker fees and other out-of-pocket costs we incur |
| Replacement/Additional Training fee | Currently, $250 per day |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: DaaBIN Store Franchising, LLC, 2024 filing, page 15
Other fees as filed, from pages 15–19. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures DaaBIN Store publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: DaaBIN Store Franchising, LLC, 2024 filing, page 43
How DaaBIN Store compares
Of the 302 retail franchises on this site, DaaBIN Store is the 112th cheapest to open and the 196th largest by number of locations.
| Figure | DaaBIN Store | Typical retail brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $162K | $198K | $222K |
| Cost to open, high end | $276K | $425K | $477K |
| Franchise fee | $35K | $35K | $40K |
| Royalty | 5% | 5.7% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 11 | 38 | 21 |
| Shares earnings figures | Yes | 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 | Opened | Closed |
|---|---|---|---|---|
| 2019 | 0 (0) | 0 | – | – |
| 2020 | 0 (0) | 0 | – | – |
| 2021 | 0 (0) | 1 | 0 | 0 |
| 2022 | 6 (+6) | 7 | +6 | 0 |
| 2023 | 3 (−3) | 8 | – | – |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Over 5 years, from the start of 2019 to the end of 2023, franchised locations went from 0 to 3 (+3). The earlier years come from the brand's 2022 filing.
Source: DaaBIN Store Franchising, LLC, 2024 filing, page 45
2019–2020: DaaBIN Store Franchising, LLC, 2022 filing, page 44
Where DaaBIN Store locations are
At the end of 2023, DaaBIN Store had locations in 6 states. The most are in North Carolina, Iowa and Missouri.
- North Carolina5
- Iowa4
- Missouri1
- South Carolina1
- Virginia1
- Wisconsin1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| North Carolina | 1 | 4 | 5 |
| Iowa | 1 | 3 | 4 |
| Missouri | 0 | 1 | 1 |
| South Carolina | 0 | 1 | 1 |
| Virginia | 1 | 0 | 1 |
| Wisconsin | 1 | 0 | 1 |
Source: DaaBIN Store Franchising, LLC, 2024 filing, page 46
Who owns DaaBIN Store?
DaaBIN Store franchises are sold by DaaBIN Store Franchising, LLC.
From DaaBIN Store Franchising, LLC’s 2024 filing.
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: DaaBIN Store Franchising, LLC, 2024 filing, litigation on page 14, bankruptcy on page 14
DaaBIN Store filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from DaaBIN Store Franchising, LLC’s 2024 filing, issued April 1, 2024; the earlier ones below are on record with the Minnesota Department of Commerce and the NASAA Electronic Filing Depository and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | April 1, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
| 2022 filing | – | NASAA depository | Locations, 2019–2020 |
Each link opens the filing as a PDF. See the newest filings across all brands.
