How Much Does a College HUNKS Franchise Cost?
Owning Our Franchise Costs Less Than You May Think
College HUNKS Hauling Junk & Moving® is a low-cost franchise with tremendous growth potential. In fact, average franchise revenue grew by a whopping 337% in the past 7 years, from $442,000 to $1,311,000 last year (2020) as our existing franchise owners matured and we continued to expand our market share in the fragmented junk-hauling and moving industries. The cost to start a College HUNKS franchise varies depending on whether you intend to offer both junk removal and moving, or just one service.
The total investment necessary to begin operation of a College HUNKS franchise is $108,700 to $273,200. This includes at least $40,000 to $60,000 for the Franchise Fee, and working capital to cover expenses during the first six months of operations. The cost may be higher if you choose to launch the junk-hauling and moving concepts simultaneously, since the truck requirements are different and would vary depending on whether or not you leased or purchased your trucks with other variables. Full information is available in our current Franchise Disclosure Document.
Most junk removal franchise owners finance the startup costs. If you have at least $75,000 in liquid capital (cash, home equity, 401(k) or IRAs, sellable assets like extra vehicles, etc.) and a net worth of $200,000, you can probably start a College HUNKS Hauling Junk & Moving franchise.
Financing Your Franchise
There are many ways to fund a franchise, and College HUNKS Hauling Junk & Moving franchise owners have tapped a variety of sources to get their businesses started. Generally, if you have $75,000 in liquid assets and a net worth of $200,000, there’s a good chance you will be able to finance a College HUNKS Hauling Junk & Moving franchise. Keep in mind, if you have more than enough cash to get started, it may make sense to conserve some of your cash for the startup phase of your business.