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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.

INVESTMENT INFO

Estimates for the initial investment into a new franchise
Investment Info
Initial Franchise Fee: $40,000 to $60,000
Rent – 3 Months: $3,600 to $9,000
Lease, Utility and Security Deposits: $3,600 to $7,200
Paint and Signage: $3,100 to $5,500
Service Vehicle – Deposit on Lease or Finance: $0 to $22,000
Equipment and Hand Tools: $2,000 to $6,000
Office Equipment and Supplies: $2,000 to $6,000
Business Licenses & Permits: $500 to $3,000
Professional Fees: $1,000 to $2,500
Insurance Deposit: $500 to $5,000
Training Expenses: $1,500 to $5,000
Business Ramp-Up Advertising: $10,000 to $20,000
Additional Funds: $28,000 to $80,000
TOTAL ESTIMATE INITIAL INVESTMENT $95,700 to $231,200
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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.

Find out in minutes if you pre-qualify financially for funding that can make franchise ownership easy!

Funding Calculator by Tenet Financial Group: 401k Financing

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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.

More Ways To Finance

You may have more liquid assets than you realize. In addition to what you have in your checking and savings accounts, you may have an extra car in your driveway or a boat in your garage that can be sold to help get your business started. We’re happy to help you explore your options—just fill out the form to download our free franchise report, and we’ll set up a call.

Some common ways people finance their business include:

  • Home equity loans—If you have owned your home or other real estate property for several years, you may have equity that can be easily tapped to start a College HUNKS franchise. Home equity loans are generally the least expensive way to finance a small bus
  • SBA loans—These are one of the most common tools for financing a new business. The U.S. Small Business Administration will ask for extensive documentation about your proposed business, as well as your financial information. The SBA will also ask you to pr
  • Tap retirement funds without penalty—If you have a 401(k) or an IRA, you may not need a loan at all. You can roll your savings over into a self-directed IRA that can then be used to start a business. The process can be tricky, but a skilled financial advi

Our team is here to guide you through the financing process.