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 113% in the past 7 years and jumped by $121,000 last year (2019) 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 $95,700 to $231,200. 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, or if you decide to purchase multiple zones.
Most junk removal franchise owners finance the startup costs. If you have at least $50,000 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.
Reasons to Be Confident in the Investment
Our systems and support are designed to help our franchise owners succeed—and we are so confident in the plan for your business that we offer franchise partners the opportunity to opt out of their franchise agreement if the business is not performing to their expectations after 18 months in business. If you own at least one full zone and fail to reach $180,000 in Gross Sales during your first 18 months of operations, and you have followed the System with no material defaults, you may exit the business and we will refund 50% of your initial franchise fee for your first zone.
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 $50,000 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.