Unclaimed Luggage Empire

A business that partners with airlines to acquire and resell unclaimed luggage through retail and online channels, while also managing donations and recycling of items.

Key Points:

• Core Business Model:

  • Partners exclusively with airlines to acquire unclaimed baggage (0.3% of all luggage)
  • Takes possession after standard waiting period (around 21 days)
  • Only retailer of lost luggage in the nation
  • Located in Scottsboro, Alabama

• Revenue Streams:

  • Retail store sales of recovered items
  • Online sales through unclaimedbaggage.com
  • Sells items like collector's items (e.g., Rolling Stones leather jacket for $500)

• Additional Operations:

  • Donates portion of recovered items to charities
  • Recycles orphaned bags
  • Operates large facility with tens of thousands of square footage

• Business Advantages:

  • Exclusive partnerships with airlines
  • No direct competition as the only player in the space
  • Turns waste into profit
  • Creates jobs in lower-income areas
  • Environmentally conscious by reducing waste

• Founded by Doyle Owens:

  • Built simple but effective business model
  • Turned unwanted items into profitable venture
  • Created significant wealth through basic concept