VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2011) - Until now, the 50 million stressed-out Canadians and Americans who pack up and move each year have had few efficient, eco-friendly moving solutions. Vancouver-based FROGBOX, www.frogbox.com, which provides reusable plastic moving boxes and supplies, wants to make hassle-free, affordable and eco-friendly moving the norm in North America's major cities. The company hopes to attract a chunk of the billion-dollar moving market, and has secured capital from several big name and big money investors to help make it happen. The expansion will focus on selling a limited number of franchises to well-qualified candidates in major cities.
Currently operating in Vancouver, Seattle and Toronto, and recently named one of North America's "hot startups" by Entrepreneur Magazine, FROGBOX has now attracted two of Canada's most respected entrepreneurs - Jim Treliving and W. Brett Wilson, who have invested $200,000. Treliving is Chairman and owner of Boston Pizza International and Wilson is an investment banker and Chairman of Canoe Financial, a privately owned investment management firm. Both are panelists on the CBC television show Dragons' Den where FROGBOX made its successful pitch. Other investors include George Melville, who invested with Treliving and shares the title of Chairman and owner of Boston Pizza International, and Mike Tattersfield, CEO of Caribou Coffee, the second largest coffee chain in the US, who injected an additional $50,000.
"These investors bring not only capital, but also a wealth of experience in franchising and marketing," says FROGBOX founder Doug Burgoyne, who also holds an MBA from the Richard Ivey School of Business. "With their help we're well-positioned to attract quality franchisees to the team and bring our service to more North American cities."
"Doug has done a great job of creating a strong brand and a business concept that is perfect for franchising," said Treliving. "Given the size of the market, this business has huge growth potential," added Wilson. "That's why I'm in."
For more information about FROGBOX services, pricing, and franchise opportunities, please visit www.frogbox.com.
FROGBOX offers a convenient, affordable and eco-friendly alternative to the $5 billion North American cardboard moving box industry. They deliver reusable plastic boxes to individuals and businesses that are moving and then pick them up empty at the customer's new locations. As part of its commitment to the environment, FROGBOX routes their delivery trucks based on delivery location, uses waste stream bio-diesel and donates 1% of sales to local frog habitat restoration projects. FROGBOX currently serves Vancouver, Seattle and Toronto and began franchising throughout Canada and the US in 2011. For more information, please visit www.frogbox.com.