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Best Franchise to Own | College Hunks Moving & Hauling Junk

When you are looking for the best franchise to own it may seem that the choices are endless. After all, there are more than 300 types of franchise businesses operating in the United States, so how do you know which franchise is right for you to purchase? The answer to that question becomes clear once you do a bit of soul searching and research. Consider these tactics to use in your franchise evaluation process as you search for the best franchise to own.

Understand Your Passions and Interests – You will always be more successful if you are doing what you are naturally interested in and feel passionate about. For inspiration, and to learn what types of available franchises support your interests, make a list of 5 types of businesses you could visualize yourself working in and managing.

Know Your Finances – Take one of the industries you are passionate about and Google the cost of owning that type of franchise. Since business start-up expenses and franchise fees vary widely by industry, take account of how much money you have on hand to purchase the franchise. Consider not only the costs involved in the buying process, but how much will it cost to run the business both short- and long-term. Typically, franchisers will require an initial franchise fee and subsequent subsidiary payments. There may also be other fees involved.

Select an Industry with Staying Power – Research the industry or industries you are interested in to understand the trends and future outlook for their industry. Pay special attention to long-term consumer trends and emerging industries, while also considering their customer markets, demographics, and geographical issues. In your Internet search for information, try accessing industry reports at websites such as bloomberg.com, ibisworld.com, and statista.com.

Evaluate Franchiser Quality – Once you have found a few franchises you are interested in, it’s time to do more homework. Research the company, its background, and what its franchisees have to say about it. You will want to know how long the franchiser has been operating, who its principals are and their backgrounds, and how popular its branded products and services are with consumers.

Try to speak with franchisees to find out how their businesses are performing and whether they are receiving good training and ongoing support. If possible, you may find it enlightening to speak with past franchisees so you can ask them about their exit from the business and get a feel for their experience with the franchiser. You may also find reviews of the franchise brands on various websites – both from consumers and their franchisees.

Choose a Business Model with Built-In Resiliency and Innovation – When you buy a franchise, you are buying into a business model that is supposed to have a demonstrated track record of success and is primed for future success. This means that the business plan should have the flexibility to adapt to changing market conditions and consumer preferences. The plan should also include goals for how to continually create new and interesting products and services to both retain and attract customers.

Make Sure You Will Receive Training and Ongoing Support – For you to successfully launch and continue to operate your franchise, you will need comprehensive training and a substantial ongoing support program from the franchisor. Ask to see what this program entails. Input from current and past franchisees will help you understand what the franchisor does to support their franchisees as opposed to what they say they do.

College HUNKS Hauling Junk & Moving has become the franchise of choice for many entrepreneurs looking for the best franchise to own. As a franchisor, College HUNKS scores high in all of the evaluation benchmarks important to potential franchisees. Over the years, College HUNKS has demonstrated that our concept fills a need and has staying power. We are the only full-service residential and commercial service company that offers moving, junk removal, donation pickups, and labor services across the US and in Canada.

Listed within the top 3% of all franchise opportunities in the United States, College HUNKS is rapidly building our national presence in the stress-free junk removal and moving space. With nearly 150 franchise locations operating nationwide in a network that reached $100 million in revenue in 2019, College HUNKS’ growth has not slowed down – even during the COVID-19 pandemic. Throughout the pandemic, we have continued to build our brand and bring more franchise partners into our network.

Opportunities to franchise with College HUNKS Hauling Junk & Moving are currently available in more than 400 territories in the United States and Canada, including areas of Boston, Las Vegas, New Orleans, Dallas, Memphis, Salt Lake City, Los Angeles, San Francisco, and San Diego. Contact the franchise development team at College HUNKS Hauling Junk & Moving to learn more about how to be part of our brand’s continued success – our franchisees are very vocal about their College HUNKS experience.