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College HUNKS Franchise Ownership FAQs

Answers to Common Questions about Our Junk Removal & Moving Business Opportunities

What is franchising and how does it work?

A franchise is a license granting you, as the franchisee, access to a franchisor's proprietary business knowledge, products, processes, and trademarks. This allows you to sell products or services under the franchisor's business name. To acquire this right (the franchise) you will typically pay the franchisor an initial startup fee and annual licensing fees. Initial franchise startup fees can range from $10,000 to hundreds of thousands of dollars, depending on the franchise and industry, while annual licensing fees and royalties can cost between 4% and 13% of the franchise’s annual revenue. Considered a less risky business startup by lenders and a viable way to enter a highly competitive industry, franchises operate based on the Franchise Agreement they sign with their franchisor.

Is owning a franchise profitable?

While many aspiring entrepreneurs wonder if owning a franchise is profitable, the answer to this question is very simple: Yes, owning the right franchise can be very profitable—and there are several benchmarks to use to determine if the franchise you are considering will be profitable. Profitable franchises have:

At College HUNKS Hauling Junk & Moving, we provide you with all this and more when you franchise with us.

What are College HUNKS Hauling Junk and College HUNKS Moving?

College HUNKS Hauling Junk® and College HUNKS Moving® are two of the fastest-growing franchises in the United States, which can be run independently or together. The businesses are using award-winning branding and proven business systems to revolutionize the multi-billion dollar moving and junk-hauling industries.

 

College Hunks Franchise Group Photo

Do I have to be in college? Do I have to be a hunk? Do I have to drive a truck or move stuff?

No! Your employees do the heavy lifting. Our franchise owners are simply the executive coaches on the sidelines. Your employees will be mostly college students. In our books, HUNKS are defined as Honest, Uniformed, Nice, Knowledgeable, Service professionals. Our franchise owners are of various ages and backgrounds.

Do you do lots of work on college campuses?

Actually, most of our clients are homeowners and businesses. We do our employee recruiting on college campuses, but the clients are typically upper-middle-class homeowners and/or commercial clients such as property managers, real estate agents, contractors, and storage facility managers.

What is the term of the franchise agreement?

The initial term of the College Hunks franchise agreement is 10 years, and it is renewable for an additional 10-year term.

Is the moving business profitable?

As the leading stress-free junk removal and moving franchiser with over 150 franchise locations nationwide in the US and Canada, at College HUNKS Hauling Junk & Moving, we have the answer ... Yes, the moving business is very profitable–if you do it right. To do it right, you need the right business model that is both recession- and pandemic-proof, and offers customers a stress-free experience. Your moving business needs to be supported by technology that makes it easy to run your business and you need marketing support to be sure your local business is noticed.

Is the junk removal business profitable?

Nationwide, the junk hauling business is bigger than many people imagine. The Bureau of Labor Statistics places a value of $10 billion on the junk removal industry, which comprises hauling, removal, and packaging. Your junk removal business can definitely be profitable if you have the right business model and you manage it properly. At College HUNKS Hauling Junk & Moving, we know this because the first College HUNKS location in Washington, D.C. became a million-dollar business in two years–just based on the strength of junk hauling.

Is it hard to start a moving company?

Starting any new business is challenging, and companies in the moving industry are no exception. So, it’s much more important to ask a more results-driven question–Is it hard to start a successful moving company?

The answer is it doesn’t have to be hard to start a successful moving company when you work with a business model that has proven successful in moving and junk hauling for more than a decade. This business model belongs to College HUNKS Hauling Junk & Moving and its 150+ franchise partners.

How much does it cost to start a moving company?

As America’s fastest-growing moving and highest-rated junk-hauling franchise, we at College HUNKS Hauling Junk & Moving have the answer to that question and the proven business model that works for anyone who wants to start a successful moving company. The minimum cost for starting a moving company under the College HUNKS Hauling Junk & Moving franchise is $108,700. For this fee, you are handed virtually everything you need to start a successful moving company–rather than trying to go it alone and starting your business from scratch.

How much money can you make hauling junk?

It may come as a surprise that the junk hauling business in the United States is very substantial and for those who approach it correctly—quite profitable. The Bureau of Labor Statistics places a value of $10 billion on the junk removal industry which comprises hauling, removal, and packaging. The average College HUNKS franchise revenue sales were $1.31 million in 2020 for locations in business for at least a year.

Is junk hauling a good business?

The nationwide numbers alone make the case that junk hauling is a good business to be in:

  • Junk removing, hauling, and packaging is a $10 billion a year industry, according to the Bureau of Labor Statistics.
  • The average homeowner spends about $150 to $350, or $1.50 per foot to remove junk, with removal costs averaging $70 to $570.
  • The junk removal industry in the United States is expected to be as much as an $80.7 billion market by 2023.

 

How do I start a successful moving company?

As the national trend of more people moving residences becomes the norm, many see a viable business opportunity in starting a moving company. College HUNKS Hauling Junk & Moving is ranked within the top 3% of all franchise opportunities in the United States. We have such a successful business model that the average College HUNKS’ franchise revenue in 2020 was $1.31 million. Our business model, which offers customers a stress-free moving experience, is both recession- and pandemic-proof.

How do I start a junk removal business?

Many people who want to be part of America’s $10 billion junk removal industry wonder how they can start a junk removal business. What they really need to know is how to start a successful junk removal business. At College HUNKS Hauling Junk & Moving, we know how to beat the junk removal competition because we have done it for ourselves and for our 150+ franchise partners, who are all enjoying success in the industry that is part of a growing trend. If you are interested in starting a junk removal business, we would love to tell you about franchising with College HUNKS and why this could be just the opportunity you’ve been looking for.

Is junk removal a good business to start?

Take a look at the junk removal industry numbers—it’s hard to miss the opportunity for success in the junk removal industry.

  • Junk removing, hauling, and packaging is a $10 billion a year industry, according to the Bureau of Labor Statistics.
  • The average homeowner spends about $150 to $350, or $1.50 per square foot, to remove junk, with removal costs averaging $70 to $570.
  • The junk removal industry in the United States is expected to be as much as an $80.7 billion market by 2023.

Our business model, which combines junk removal and moving services, has proven recession- and pandemic-proof.

What is the franchise fee?

The franchise fee is $40,000 for those who wish to operate one concept. The fee is $60,000 for those who wish to operate both.

What is the royalty rate?

The royalty rate is 7% of gross sales.

What is the advertising contribution?

College HUNKS franchise owners pay a 2% Brand Development Fee that supports marketing efforts coordinated at the national level.

How much can I make as a College HUNKS franchise owner?

The Item 19 section of our FDD outlines historic financial performance for College HUNKS businesses.

College HUNKS Hauling Junk & Moving® provides a free Franchise Information Report which includes the Item 19 Financial Performance Representations to potential franchise partners. We understand how important it is to create a realistic revenue projection for a new business, so we encourage you to request a Franchise Information Report for more in-depth financial details.

Are there any incentives for veteran franchisees?

Because veterans naturally have what it takes to become a successful College HUNKS Hauling Junk & Moving franchise partner, we have been named one of the top-rated franchise opportunities for veterans by Franchise Business Review. And now it’s even easier for veterans to become part of America’s fastest-growing moving and highest-rated junk-hauling franchise. We have increased our veterans discount on our franchise fee from $5,000 to $7,500–over 10% off–to make it easier for those who have proudly served in our Armed Forces to become franchise partners with College HUNKS. We offer this discount for veterans because we are grateful for your service and confident you will succeed with your own College HUNKS franchise.

How many veterans own franchises?

For many veterans leaving the military, owning a franchise is the perfect way to start their own business and help them return to the workforce successfully. In fact, the number of veterans who are franchise owners might surprise you. While veterans comprise about 7% of the US population, about 14% of all franchise owners are veterans, according to industry research completed in 2020. We have been named one of the top-rated franchise opportunities for veterans by Franchise Business Review and are proud to have military veterans operating successful franchise locations around the country. Currently, College HUNKS has around 20 veteran franchise partners.

Is it Better to Buy a New Franchise or Start a New Company?

Business ownership, whether you’re buying a franchise or starting a new business, can be rewarding and overwhelming at the same time. When trying to decide whether buying a franchise or starting a new business is better, there’s a lot to think about but in short, buying a franchise business makes more sense because the hard work of establishing the brand, creating a business model that works, etc. has already been done – you take on less risk.

Franchises have proven business plans in place that make it ideal for entrepreneurs who want a structured business model from day one. A franchise company is only as successful as its franchise owners and for this reason, some franchise businesses, such as College HUNKS Hauling Junk and Moving, provide business coaching and mentorship opportunities for franchisees. Guiding new owners through the process of opening their doors and landing their first customer can help them get off the ground with confidence.

A few other reasons buying a franchise is better than starting a new company that you should keep in mind include:

  • Franchising gives entrepreneurs access to a network of other like-minded franchise owners and resources that provide knowledge and industry insight.  
  • Securing financing is easier with franchises because they have a higher success rate than independent businesses – as much as 90% compared to a 15% success rate of businesses that start from scratch. Lenders are often more willing to work with you if you are buying a franchise that has a proven track record.
  • Successful franchise brands have already established marketing strategies that work and are ready to help each franchisee put those into action.
  • An established franchise brand has already worked out the kinks with everything related to running the business, including technology and brand identity to stand out from the competition.

If structure, support, and proven strategies are important to you, then buying a franchise is the better choice. To learn more about franchising with College HUNKS, contact us today. 

Is Operating a Franchise Easy or Hard?

Running any business comes with its challenges and operating a franchise is neither easy nor hard. However, there are key factors in operating a franchise that make it easier than a traditional business.

The hardest initial task of starting and running any business is developing an infallible plan that is profitable. Franchises make operating a business easier by providing owners with a proven business plan that maps out everything such as daily operations, marketing, and financial plans. These plans remove the guesswork that sometimes plagues business owners and disrupts their success. The bulk of the administrative work needed for any startup is already completed with a franchise. It's also important to mention that getting a franchise business off the ground is easier than getting a new business up and running because obtaining financing is typically easier for franchises. Lenders see franchise businesses as a sure thing because they have a proven business model and numbers to back it up. In day-to-day operations, owning a franchise provides a clear plan of action for the owner, management, and staff to follow and reach revenue goals. Franchising is considered easier than running your own business because it provides access to support and mentorship for smaller day-to-day milestones and larger goals, like scaling your business.

Although franchises are easier in their structure and proven systems, they are not without challenges – and that’s to be expected with any business. Duties such as adequately staffing, managing employees, and ensuring customer satisfaction are direct responsibilities of a franchise business owner. College HUNKS values the individuality our franchisees bring to their business. Our goal is to make franchises an easier choice in business ownership. Contact us to discuss what you can expect when operating a franchise.

What Are The Benefits of Franchise Opportunities?

If you’re looking at starting a business, franchise opportunities come with many benefits that make them an attractive option for entrepreneurs.

Business Coaching, Guidance, and Mentorship

Starting a business can be overwhelming. Joining a franchise, however, gives you access to a wealth of business information in the form of written resources, training sessions, one-on-one business coaching, mentorship by another franchisee, and more. Guidance on how to successfully open and operate your franchise business is invaluable and built-in with franchise opportunities. When you buy a franchise, you have the advantage of being in business for yourself, but not by yourself.

Built-in Brand Recognition

Very few franchises go unknown, as franchisors have already established themselves as long-standing brands with years of repeated local and national advertising, partnerships, and market share. They have identified and learned how and where to target customers who want their product or service. This gives franchise owners instant credibility within their community and eliminates the stress and time needed to develop a logo and brand image normally associated with a start-up.

Higher Success Rate

Due to national brand recognition and a proven business plan, franchises experience a 90% success rate compared to independent business startups which have a 15% rate of success.

Securing Business Capital is Easier

The proven business model and profitability record of a franchise make securing financing or raising capital easier than it would be for a start-up. Want to learn more about the benefits of becoming a College HUNKS Hauling Junk & Moving franchise owner? We’d love to tell you all about it – contact us!

Request A FREE College HUNKS Financial Information Report!