For a redbox+ operating franchisee resembling the 2025 Item 19 population, a defensible independent scenario produces approximately $14,000 to $205,000 in annual pre-tax manager-run owner earnings. An active owner who replaces a full-time general manager may receive approximately $129,000 to $321,000 in estimated owner-operator benefit, but the added amount compensates the owner for labor and is not passive business profit.
Item 19 reports revenue and selected operating expenses, not owner profit. The strongest same-brand evidence is 2025 revenue for 63 operating franchise owners and selected cost data from 49 reporting franchise owners. Because repairs, maintenance, rent, equipment economics, depreciation, interest, and several other costs are not fully reconciled, the article uses a scenario model rather than presenting an official earnings figure.
- Legal franchisor
- RedBox+ International, LLC; parent: BELFOR Franchise Group, LLC.
- FDD basis
- Franchise Disclosure Document issued March 30, 2026; Item 19, pp. 56–62; Item 20, pp. 62–67.
- Applicable business
- U.S. redbox+ waste hauling, roll-off dumpster, dump trailer, and portable toilet rental business.
- Population
- 63 owners operating continuously through 2025, collectively holding 241 territories; selected expense data from 49 owners.
- Public sources
- official U.S. redbox+ franchise website, IRS Corporation Income Tax Returns, BLS OEWS, U.S. Census NAICS, and FTC franchise guidance.
- Date checked
- July 18, 2026.
Revenue, not earnings; the 63-owner population averaged 3.8 territories per owner.
An allocated territory measure; owners did not report each territory as a separate business.
77.8% of operating owners reported the full KPI and expense dataset used in Item 19 Parts III and IV.
Approximate effective royalty plus current brand marketing and required local advertising, before fixed technology charges.
2022 corporate tax-return net income divided by total receipts for NAICS 562; broad proxy, not a redbox+ result.
May 2023 BLS annual mean wage for general and operations managers in waste management and remediation services.
What does the redbox+ FDD actually report?
The 2026 FDD reports 2025 revenue, utilization metrics, and selected expenses, but it does not report operating profit, EBITDA, net income, cash flow, owner compensation, or distributions. The official figures cover owners operating for the full calendar year, and the strongest owner-level revenue statistic is the $1,049,148 median.
Item 19 states that 63 operating franchisees collectively held 241 operating territories. The average owner held 3.8 territories, so the official per-owner revenue should not be interpreted as a typical one-territory unit. The expense subset is narrower: 49 reporting franchisees, representing 77.8% of operating owners and 78.4% of operating territories.
| Official 2025 cohort | Owners | Average territories per owner | Median revenue per owner |
|---|---|---|---|
| Fourth quartile | 15 | 2.9 | $359,467 |
| All operating franchisees | 63 | 3.8 | $1,049,148 |
| First quartile | 16 | 5.0 | $2,089,823 |
Source: 2026 redbox+ FDD, Item 19, pp. 56–62. The FTC explains that Item 19 is the required location for franchisor sales or earnings claims and that buyers may request written substantiation. See the FTC Consumer’s Guide to Buying a Franchise.
How does reported revenue translate into possible annual owner earnings?
The modeled manager-run result is approximately $14,000 in the conservative scenario, $72,000 in the base scenario, and $205,000 in the upside scenario. These are independent pre-tax estimates for the operating-owner population, not official redbox+ profit disclosures and not probabilities.
Estimated manager-run owner earnings = FDD revenue anchor × scenario marginEstimated owner-operator benefit = manager-run earnings + $115,340 manager labor value
The revenue anchors use actual Item 19 cohort medians: fourth-quartile median, systemwide median, and first-quartile median. The base margin is the IRS 2022 corporate “net income (less deficit)” divided by total receipts for Waste Management and Remediation Services: $8.589 billion ÷ $125.984 billion = 6.8%. Because the IRS measure is broad and not franchise-specific, the conservative and upside scenarios use 3.8% and 9.8%, a transparent sensitivity of minus or plus 3 percentage points.
| Scenario | FDD revenue anchor | Margin assumption | Manager-run earnings | Owner-operator benefit |
|---|---|---|---|---|
| Conservative | Fourth-quartile median owner revenue | 3.8% | $14,000 | $129,000 |
| Base | All-owner median revenue | 6.8% | $72,000 | $187,000 |
| Upside | First-quartile median owner revenue | 9.8% | $205,000 | $321,000 |
Manager-run residual versus owner-operator benefit, rounded to the nearest $1,000.
Interpretation: the owner-role gap is labor value, not extra passive profit. Sources: 2026 redbox+ FDD Item 19; IRS 2022 Corporation Income Tax Returns, Table 5.1; BLS May 2023 waste-industry wage estimates.
How does active ownership change the result?
An active owner can capture the value of a general manager’s work, but that labor component must not be confused with passive business profit. Item 15 permits the equity-owning Operating Principal to supervise day-to-day operations; otherwise, the business must be supervised by a full-time general manager who reports to the Operating Principal.
- Manager-run owner earnings
- Residual business income after normal operating expenses and a market manager-compensation assumption, before personal income taxes and financing principal payments.
- Owner-operator benefit
- Manager-run residual plus the market value of the management labor personally performed by the owner. It combines business return and compensation for work.
- Debt service
- Interest may be reflected in the broad IRS margin, but loan principal is not an operating expense. Principal payments reduce cash available to the owner and are not deducted in the published scenario.
- Taxes and capital spending
- No personal income tax is estimated. Replacement trucks, containers, major repairs, and other capital expenditures can materially reduce cash flow even when accounting profit is positive.
The $115,340 labor-value assumption is the May 2023 BLS annual mean wage for general and operations managers in Waste Management and Remediation Services. It is an employer wage benchmark, excludes self-employed owners, and is older than the revenue period; local market wages can be materially lower or higher.
FDD source: 2026 redbox+ FDD, Item 15, pp. 48–49. Wage source: BLS industry-specific OEWS estimates for NAICS 562000.
Which disclosed costs consume the revenue before an owner gets paid?
At the 2025 average owner revenue of $1,154,068, selected disclosed and derived cost categories account for about 76.1% of revenue before several material expenses are considered. The remaining 23.9% is not owner earnings; it must still absorb repairs, maintenance, rent or storage, vehicle and equipment economics, office costs, licenses, taxes, interest, depreciation, and other expenses not fully reconciled in Item 19.
Analytical cost coverage using Item 19 averages, Item 6 fees, and minimum technology charges.
Calculation: disposal 26.6%, fuel 5.6%, average payroll ÷ average revenue 24.2%, average insurance ÷ average revenue 5.5%, effective royalty 7.5% assuming even monthly revenue, brand marketing 1.25%, local advertising 5%, and published minimum technology/software charges approximately 0.5%. Sources: 2026 FDD Items 6 and 19.
The current royalty is tiered from 8% to 6% of Gross Sales. The Brand Marketing Fee is currently 1.25% of Gross Sales, and local advertising is the greater of $2,500 per month or 5% of Gross Sales. Required technology includes a $1,750 annual fee, a CRM fee beginning at $285 per month for one truck and one technician, website telephone charges, and required accounting software. The official redbox+ franchise cost page confirms that the model is equipment-intensive, but the public page does not provide an owner-profit figure.
Why is the official revenue evidence not a clean single-territory earnings figure?
The Item 19 owner figures are portfolio-level results, while the territory figures are allocated calculations rather than independently reported unit economics. Owners with multiple territoriesoperated and accounted for them as one business, so the FDD divided portfolio revenue by territory count to calculate per-territory revenue.
The overall median revenue per operating territory was $253,205 and the average was $301,686, but a new one-territory owner still needs the required truck, containers, insurance, technology, marketing, and operating infrastructure. The FDD does not provide a profit-and-loss statement for one-territory owners, nor does it isolate owner-operated and manager-run cohorts.
Item 20 also matters for interpretation. The system ended 2025 with 253 franchised territories, unchanged from the start of the year, after 10 openings, nine terminations, and one outlet ceasing operations for another reason. There were no company-owned outlets. This means the article cannot use company-operated economics as a same-brand proxy.
What could push actual earnings below or above the modeled range?
Revenue scale, territory count, truck and container utilization, disposal cost, labor productivity, and owner involvement are the dominant earnings drivers. The uncertainty is not merely statistical: Item 19 omits a fully reconciled income statement, and the external margin proxy combines many different waste businesses.
- Revenue concentration: confirm whether contractor accounts, seasonal work, and national or regional accounts materially change pricing or fees.
- Disposal economics: obtain local landfill and transfer-station rates, tonnage assumptions, contamination charges, and surcharge history.
- Fleet economics: model maintenance, tires, downtime, replacement reserves, depreciation, and the timing of a second truck.
- Labor structure: identify whether the existing owner population includes a paid general manager, dispatch staff, drivers, and portable-toilet service labor.
- Territory allocation: request owner-level results for franchisees with one, two, and three or more territories rather than relying only on the blended 3.8-territory average.
- Financing: separate interest, principal amortization, and equipment replacement from operating earnings; the FDD does not provide franchisor financing.
- Closed and transferred operations: speak with current and former franchisees listed in Item 20 and ask about the reasons for terminations, transfers, and operating exits.
The FTC recommends scrutinizing the source, limitations, and assumptions behind an Item 19 claim and requesting written substantiation. See the FTC’s guidance on evaluating franchise financial performance representations.
What is the strongest defensible redbox+ owner-earnings range?
The strongest defensible range is approximately $14,000 to $205,000 in annual pre-tax manager-run owner earnings, or $129,000 to $321,000 in owner-operator benefit, for a business resembling the 2025 multi-territory Item 19 population. The range is scenario-based, not official, and actual losses remain possible—especially at low revenue, with heavy debt service, weak utilization, high disposal costs, or a single-territory cost structure.
The most important earnings driver is revenue scale relative to fixed fleet, labor, and territory infrastructure. The largest unresolved uncertainty is the absence of a same-brand, fully reconciled profit measure segmented by territory count and owner role.
Before relying on the range, a buyer should verify Item 19 substantiation, obtain complete profit-and-loss statements from comparable current franchisees, separate one-territory from multi-territory economics, and confirm whether payroll already includes a full-time general manager. The official redbox+ franchise FAQ directs prospects to the current FDD for investment details but does not publish owner earnings.