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7 Steps to Owning a Franchise

February 17, 2020

7 Steps to Owning a Franchise

Millions of entrepreneurs have found that owning a franchise is a career game-changer that delivers financial success, autonomy, and personal fulfillment. Franchisees enjoy the freedom and flexibility of managing their own location – plus they are an important part of a proven and well-supported business model.

Sound good? Read on.

Franchise ownership is also relatively simple to achieve – especially with College HUNKS Hauling Junk & Moving, an award-winning business concept.

Just follow these 7 steps and you will be well on your way to franchise success.

1. Decide What Type of Franchise is Right for You

With thousands of franchise concepts available, you have an excellent chance of finding one that fits with your interests and purpose. For example, College HUNKS Hauling Junk & Moving’s mission has inspired many to franchise with us. Our purpose is to “Move the World” emotionally by eliminating stress for people who are moving or dealing with clutter, and by creating opportunities for entrepreneurs and hard workers who are eager to learn how to build a business.

2. Provide the Franchisor with Your Background Information

This isn’t as complicated as it sounds. Start by having a chat with the franchisor’s representative. Next, it will take just a few minutes to complete an application which details some very basic information. With College HUNKS Hauling Junk & Moving, this is not a contract – it’s just so we can determine if we are a good fit for you.

3. Conduct Due Diligence on the Franchisor

You will want to know as much about your franchisor as possible as you move further along in the process. College HUNKS Hauling Junk & Moving provides you with our free, 15-page franchise report that provides additional details outlining what makes our franchise opportunity truly exceptional.

4. Explore at Close Range How the Franchisor Operates

To know first-hand how your franchisor can support your success, you have to see their business in action. Visit their headquarters so you can meet with top management, ask questions, see processes and understand day-to-day operations. College HUNKS Hauling Junk & Moving hosts a Discovery Day for potential franchisees, so they have the opportunity to get a clean and balanced view of our world – information that’s necessary for you to make a solid, informed, and pressure-free decision.

5. Carefully Review Your Franchise Agreement

After you and your franchisor are certain that you are a match, you will likely receive a franchise agreement that will specify all of the terms of your partnership. With College HUNKS Hauling Junk & Moving, there is a two-week waiting period to sign it, so you have plenty of time to review it with your legal counsel.

6. Make Sure You Receive What You Need to Launch

Depending on your franchisor, you will need to receive access to company systems, marketing materials, and much more. College HUNKS Hauling Junk & Moving provides a pre-opening checklist, access to training portals, and a support team that works with you to order trucks, obtain insurance, and get any licensing that is required in your area.

7. Plan Time for Training and Preparation

Your franchisor should also provide you with comprehensive training. College HUNKS Hauling Junk & Moving’s training for franchisees is a five-day program at our headquarters that includes a detailed review of the systems you will use to manage and grow your business and so much more. We also provide continuing support, both in person and virtually, because your success is important to us.

College HUNKS Hauling Junk & Moving offers an awarding-winning business model for franchisees, who currently number more than 100 locations nationwide. We pride ourselves on being a one-stop-shop for anyone going through a transition in their life, and on supporting the success of our franchisees. We want you to thrive! For this reason, our 7 steps to franchise ownership are simple and straightforward.

Contact us today to begin your journey to franchise ownership!