Thinking About Buying a Franchise? Why 2021 Might Be the Best Time | College Hunks Hauling Junk & Moving
As we prepare to finally say goodbye to a challenging 2020, many of us are cautiously optimistic about what we hope to achieve in 2021, both personally and professionally. For the large number of people who aspire to take control of their career and future by owning a business, there has never been a better time to own a top-quality franchise. Consider these reasons why 2021 might be the best time to leap into franchise ownership.
Hedge Against Unemployment
As unemployment spiraled out of control throughout the United States in 2020, it was clear that the constant uncertainty of whether people would keep their jobs was almost as bad as actually losing those jobs. When you own your own franchise – particularly one that has a proven track record – you have certainty of employment. This valuable certainty which provides peace of mind is something that no other employer will provide, especially during a pandemic.
Control Your Own Career
The COVID-19 pandemic has been a springboard for soul searching for many people regarding how they want to work toward reaching both professional and personal goals. For those who prize work/life balance, want a meaningful way to escape the 9-to-5 rat race, and control their own money-making destiny, franchise ownership is the answer to a better quality of life. Owning your own business means that you are your own boss, and there is no better way to achieve a significant level of control over how you spend your time.
Low Interest Rates
Aspiring business owners have found a significant silver lining around the cloud that has been 2020 – low interest rates for commercial loans. There has never been a better time to finance your ownership of a top-quality franchise.
Low Commercial Real Estate Rental Rates
Rental rates are also at historically low levels and landlords are highly incentivized to offer perks to business owners who operate companies with a proven track record – like top-quality franchises.
Federal Funding Opportunities – Now is the time to take full advantage of all the new federal government funding options that are available for people who employ others. These include extra financial support from the 2020 CARES Act and the Small Business Administration (SBA).
You Can Easily Choose a Franchise that is Recession-Proof, Amazon-Proof, and Pandemic-Proof
Even during the 2009 Great Recession and COVID-19 pandemic, some franchisers flourished. College HUNKS Hauling Junk & Moving is one of these successful franchisors. This year, despite COVID-19 shutdowns, we succeeded as the only full-service residential and commercial service company that offers the valuable services our customers have come to rely on us for – moving, junk removal, donation pickups, and labor services in the United States as well as Canada. Listed in the top 3% of the nation’s best franchising opportunities, College HUNKS has continued to work to support our network of over 130 franchisees, add new franchisees, and work with potential franchisees who are concluding their financing arrangements.
This year, we pivoted quickly to adjust our business plan to remain profitable. College HUNKS franchises moved rapidly to implement new best practices that limit the spread of the virus. This how our franchise owners claimed success amidst challenges as leaders in an industry that is proving to be recession- and pandemic-proof. We made a few highly effective tweaks to our business model to adjust to the industry’s new normal:
- Curbside junk removal
- Express curbside junk removal
- No contact quotes
- No contact payment for services
- Additional support available for franchise partners from home/virtual settings, including the services of HUNKS’ Sales Loyalty Center (call center)
- Training for new franchisees conducted virtually
The College HUNKS’ Brand Central office continued to provide full support, including onboarding, pre-training, and training to our newest franchisees, so they would be ready to launch as soon as possible. “No other company in the local moving/junk removal space has the leadership, the teams, or the resources to come out of the other end of crisis with more market share than we had when we entered this time of uncertainty. We will continue to set the pace for our industry and for franchising,” said Founder of College HUNKS Hauling Junk & Moving, Omar Soliman. “We started in 2008, the beginning of five really challenging years of recession and rose to be the leader in our industry. Our team has the resources and bandwidth to provide support for our franchisees, employees, and customers. Helping them is our top priority – in difficult times and beyond.”
College HUNKS currently has over 400 franchise territories in the United States and Canada available, including incredible opportunities in the best areas of Massachusetts, Nevada, Louisiana, Texas, Tennessee, and California. Contact us today to learn how you can own a pandemic-proof franchise with College HUNKS Hauling Junk & Moving.