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College HUNKS Hauling Junk and Moving Becomes First Franchisor to Accept Cryptocurrencies as Franchisee Fee

May 11, 2021

College HUNKS announces it will accept Bitcoin and Ethereum as forms of payment for its Franchise Fees

College HUNKS Hauling Junk and Moving®, an innovative industry leader in stress-free solutions for moving and junk-hauling needs, announced today it will now accept Bitcoin and Ethereum as payment for the upfront franchise fees. College HUNKS has always prided itself on being tech-enabled, and acceptance of Cryptocurrency is one step further in that evolution. 

The up-front franchise fee for the combined junk and moving franchises is $60,000 USD, which today would equate to approximately one Bitcoin or approximately 15 Ether. Both of those leading Cryptocurrencies are at an all-time high. In the past 12 months, Bitcoin has increased in value by 97.45%. Ethereum has risen 364.60% in the past 12 months.  

"We recognize that Cryptocurrencies are an acceptable form of payment and we want to lead the Franchise Industry in this area, starting with our up-front franchise fees," stated Nick Friedman, Visionary and Co-Founder of College HUNKS. "Coming out of the pandemic, College HUNKS has experienced similar exponential growth to Bitcoin and Etherium, growing nearly 100% and is on pace to do over $200 million in sales this year."

College HUNKS awarded 50 new franchises this year, a record-breaking number since its inception in 2005. The company has plans to continue evaluating blockchain and cryptocurrency innovations for various other forms of payment in the future, including the possibility of client moving and junk removal services, employee compensation, and has even flirted with the idea of developing its own Cryptocurrency tokenization, "HunkCoin", as a form of employee stock options.

This announcement comes on the heels of increasing innovative businesses making similar announcements, such as Tesla. Professional athletes, including the #1 NFL Draft Pick Trevor Lawrence, who accepted his entire NFL Signing Bonus of nearly $25 million in Cryptocurrency, are continuing to request payment in the form of Cryptocurrency. 

"We recognize the financial independence Crytocurrency investments are creating, and franchising is an ultimate way to lock that in for life”, states Friedman. “We pride ourselves on being tech-enabled, innovative, and disruptors of the moving and junk removal industry, as well as the franchise industry overall. The franchise industry is the largest creator of jobs in the country, and this will hopefully open up the opportunities to a new segment of prospective franchise owners who are looking for ways to diversify their cryptocurrency gains into an operating business that makes a positive impact." 

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About College HUNKS Hauling Junk and Moving
College HUNKS Hauling Junk & Moving® was originally founded by two college buddies with a beat-up cargo van and now has over 150 franchises providing full-service tech-enabled residential and commercial moving, junk removal, donation pickups, and labor services in the United States as well as Canada. H.U.N.K.S., which stands for Honest, Uniformed, Nice, Knowledgeable, Service, is a socially conscious, values-based organization, and has a national partnership with U.S. Hunger, which strives to end childhood hunger. For every service the HUNKS complete, two nutritious meals are donated to a family or child in need, and within three years of this partnership, donations have exceeded two million meals. Today, the company strives to become recognized as an iconic brand, renowned for its world-class company culture and service, while also providing a viable employment and franchise opportunity to pursue personal and professional fulfillment.