College Hunks Franchise Named to Inc. List of Fastest-Growing Businesses
Junk removal franchise’s 324% growth over three years gets magazine’s attention for the fifth year
College Hunks Hauling Junk continues to grab national headlines. The latest comes from Inc. magazine, which has named us to the 2014 Inc. 5000 List of America’s fastest-growing private companies. New locations, as well as better financial performance, led to 324% systemwide revenue growth, Inc. reports.
The recognition — our fifth time on the list — is just the latest accolade for our fast-growing junk removal franchise. In the listing, Inc. called attention to College Hunks Hauling Junk’s multiple services, which include junk hauling and removal, as well as full-service moving, labor services and temporary storage. Those multiple offerings within the moving and storage industry are among the reasons our franchisees continue to see remarkable success.
Improving economy fuels CHHJ’s dynamic growth
Since starting in 2004, College Hunks Hauling Junk has seen explosive growth. Average same-unit sales growth has continued for more than 33 months, with average franchisee revenue growing by 42.6% in the past two years. Systemwide revenues will continue to climb, co-founder and President Nick Friedman says, as the economy improves. New locations, as well as better financial performance, led to 324% systemwide revenue growth, Inc. reports.
“Home buying is on the rebound, and so people will be looking not only to move, but also to get rid of the junk they’ve accumulated in the home they’re now in,” Friedman said. “Our full range of services means that our franchisees can provide a ‘one-stop’ experience for customers in their market areas.”
According to the American Moving & Storage Association, the moving industry generates $9.7 billion a year. It also is highly fragmented, with many providers offering limited services. That’s why College Hunks Hauling Junk’s business model, which is built around a complete, low-cost removal, storage and relocation process, works.
Multifaceted business model works
The average revenue for our franchisees was $442,504 in 2013 — up 42.6% from 2011. Our strong business model is complemented by an award-winning marketing plan that helps each franchisee quickly become the first name area residents think of when they think about moving or junk hauling. This marketing savvy is also why College Hunks Hauling Junk has been featured on national television, including spots on The Oprah Winfrey Show, ABC’s Shark Tank, HGTV’s House Hunters, as well as in profiles in The Wall Street Journal, The New York Times, Forbesand many more.
Now our junk removal franchise brand looks to triple our number of locations during the next three years. The opportunities for entrepreneurs are nearly as vast as the growth potential.
“Even though we are growing fast, we still have prime territory available,” Friedman said. “Our competitors are sold out, but we’re still offering opportunity in very attractive markets. There’s no better time to become a part of our success.”
If you’d like to find out more about how College Hunks strives to be the best moving franchise to invest in, please fill out a form and start a conversation. We look forward to answering your questions.