Our Moving Franchise is Built to Scale
College HUNKS® Junk Removal and Moving Franchises Are Designed to Scale Up Quickly
There’s a simple reason that College HUNKS Hauling Junk & Moving® became a media darling, and it goes beyond the catchy name for the business. Omar Soliman discovered massive unmet demand for junk-hauling services when he first started the business in Washington, D.C., as a way to make money in the summer of 2003 with help from his best friend, Nick Friedman. They decided to pursue the business in earnest in 2005. Within two years, they were generating seven-figure revenue.
When they started, they were only offering junk hauling. They had one diesel truck and an 800 number that directed calls to their cell phones. They were doing it all by themselves, with nobody to help and few systems to rely on. Nick likes to tell this story: “We had a 1-800 number on the truck that people could call to book a job or complain about how the truck was being driven. People would call the number, and we’d apologize for our drivers’ bad driving while we were driving the truck. I probably ‘fired’ myself three or four times for my driving.”
Ready to get started? Give us a call today (878) 205-2146 and begin your growth path with College HUNKS®.
Growing Their Company
He and Omar quickly learned that they couldn’t do everything themselves if they wanted to grow the business. They re-read The E-Myth, which stresses the importance of creating systems to help duplicate success within a business and guide other people to help them work productively and help the business achieve scale.
Our moving and junk removal franchise owners today benefit from the systems that Omar and Nick created, which has powered consistent growth. The original College HUNKS® operation in Washington, D.C., is still in growth mode, and its success is being duplicated by operations nationwide.
Advanced Systems to Help You Grow
Among the many systems you receive as a College HUNKS® franchise partner is a Truckonomics guide that helps you gauge the numbers of your junk removal and moving franchise opportunities. It helps you determine when it’s the right time to add another truck to your fleet, for example.
Patrick Lombardi bought the Nashville franchise of College HUNKS Hauling Junk & Moving® in November 2012 with help from cousin and co-owner Stephen Bienko, who also owns locations in New Jersey and Florida. Patrick notes that the Nashville business has been able to ramp up quickly, from just two trucks when they first bought the franchise to eight trucks in spring 2014. Each truck represents revenue growth for the Nashville franchise.
Here’s a look at the revenue potential for College Hunks Hauling Junk & Moving® vehicles:
|Jobs Per Day||4||Average truck performs 4 jobs per day|
|Rent – 3 Months:||$600 to $2,500|
|Average Revenue Per Job||$349||Not including recycling income|
|Work Days Per Month||26||6 days per week (Mon-Sat)|
|Monthly Gross Sales||$36,296|
|Monthly Cost per Truck-Payroll Related (6 days per week operating 10 hours per day)*|
|Driver Lead||$3,380||$13.00 per hour at 3,120 hours per year (6*10*52) (assumes bonus incl.)|
|Wingman||$2,860||$11.00 per hour at 3,120 hours per year (6*10*52)|
|FICA/FUTA||$665||10.65% (7.65% + 3%) of personnel costs (driver + navigator)|
|Workers Comp||$936||15% of personnel costs (driver + navigator)|
|Monthly Costs- Fuel per Truck and Other Variable Costs|
|Fuel & Other Variable Truck Costs||$1,815||5% of monthly Gross Junk Sales (Tracking, Fuel, Parking, Tolls)|
|Disposal/Transfer Fees||$2,904||7% of monthly Gross Junk Sales|
|Vehicle Insurance||$500||Per truck - decreases as additional trucks added|
|Truck Payment||$950||Assuming truck is financed/leased|
|Local Advertising||$3,630||10% of Sales|
|Truck Maintenance||$300||Oil changes, tires, tarp replacement, etc.|
|Royalty||$2,541||7% of monthly Gross Sales|
|First Contact Sales & Loyalty Center Fund||$2,210||Assuming $945 ($799 Junk Only) flat fee plus call center bookings needed for 4 jobs per day ($19 per booking)|
|National Brand Development Fund||$726||2% of monthly Gross Sales|
|Total Monthly Costs**||$23,416|
|Plus Recycling Income||$725.92||Approximately 2% of monthly Gross Sales|
|Net Operating Profit Per Truck**||$13,606|