College Hunks Hauling Junk Franchise Cost Reviews

College Hunks Hauling rubbish and Moving is a rubbish removal and moving firm established in the United States that was started in 2003 by Omar Soliman and Nick Friedman, who were college mates at the time. The College Hunks Hauling Junks Franchise began with a simple idea: providing a competent and dependable service for consumers in need of rubbish removal and relocation assistance.

College Hunks has over 100 sites around the United States, offering residential and business customers rubbish removal, relocation, donation pickups, and labor services. The company’s services are well-known for being environmentally friendly, with the goal of donating or recycling as much of the waste as possible. The firm has garnered multiple honors and recognition for its great service, including being named one of the fastest-growing companies by Inc. Magazine and Entrepreneur Magazine. College Hunks is also dedicated to giving back to the community, with a particular focus on youth education and entrepreneurship. 

The market for managing global waste had a worth of $1,612.0 billion in 2020. It is projected to increase to $2,483.0 billion by 2030, with a compound annual growth rate of 3.4% from 2021 to 2030. These statistics indicate the growth story of College Hunks and has a promising future for upcoming franchises.

What is College Hunks?

College Hunks Hauling Junk and Moving is a firm headquartered in the United States that provides junk removal and moving services. They have over 100 sites nationwide and provide eco-friendly services to residential and business customers. The organization is well-known for its professionalism, dependability, and dedication to long-term sustainability. College Hunks has won various honors and accolades for its outstanding service.

Is College Hunks a Franchise Opportunity?

Yes, College Hunks is available as franchises. Entrepreneurs interested in starting their rubbish removal and moving service under the College Hunks brand can apply for franchising. The organization will provide you with training and assistance as a franchisee to help you manage your business successfully. Entrepreneur Magazine named College Hunks as one of the top franchises in the United States, and they have a proven business plan that has helped many franchisees prosper in the market.

How many College Hunks Franchises are there?

There are around 175 College Hunks franchised units operational in the United States and Canada.

Facts That Nobody Told You About College Hunks 

• College Hunks Hauling Junk and Moving were founded in 2003 by two college friends, Nick Friedman, and Omar Soliman, while they were attending the University of Miami.
• College Hunks is also known for its unique branding and marketing, including its signature orange and green color scheme and its fun and catchy slogans, such as “You Got Junk, We Got Trunks” and “Moving Mountains Together.”
• The company has a strong emphasis on community involvement and has partnered with organizations such as Feeding Children Everywhere and the Make-A-Wish Foundation to give back to local communities.
• College Hunks was featured on the television show Shark Tank in 2011 and received an investment from billionaire entrepreneur Mark Cuban.

College Hunks Hauling Junk Franchise Reviews                                   and Information
Industry Type	Services Franchises
Sub Category	Eco-friendly junk removal and moving services
Year Established	2003
Company Name	College Hunks Hauling Junk and Moving
Founder/Management Head	Omar Soliman and Nick Friedman
Franchising Started	2007
Employees at Company H.O	250
Franchise Expansion Plan	United States and Canada
Number of Units	181
Number of Franchise Units	175
Social Media Handles	Facebook
	Twitter
	Youtube
	Instagram
Company Office location	4411 W Tampa Bay Blvd, Tampa, FL 33614, United States

College Hunks Franchise Requirements 

• You must meet the minimum financial requirement, which includes a minimum that was of $200,000 And liquid capital of $50,000.
• You must have a good credit history and a strong credit score.
• You should have strong leadership and management skills and a passion for providing exceptional customer service.
• You must be the link to learn and follow the college system and participate in the company’s training program.
• You must have a strong work ethic and be willing to work hard to build your business.
• You must be able to pass a background check.
• You should have a positive attitude and desire to succeed.
• You should be able to manage and motivate employees effectively.
• Easter has excellent communication and interpersonal skills.
• It would help if you were committed to the College Hunks brand and operating your business in compliance with its standards and guidelines.

How much does a College Hunks franchise cost

The cost of being a College Hunks Hauling Junk franchise depends on some criteria, including location, territory size, etc. According to the company’s website, the first franchise costs go from $45,000 to $65,000, and the projected total investment ranges from $89,300 to $208,200. Equipment, transportation, office space, and marketing materials are all expenditures. Other recurring expenses, such as royalties and marketing costs, may apply. Specific charges may vary depending on the franchise and area, and interested applicants should contact the firm for further information.

How much does it cost to franchise a College Hunks Hauling Junk in the United States?

According to the company’s website, the first College Hunks franchise costs go from $45,000 to $65,000, and the projected total investment cost ranges from $89,300 to $208,200.

College Hunks Franchise Cost and Price
College Hunks Franchise Fee	$45,000 – $65,000
College Hunks Hauling Junk Franchise Cost	$89,300 – $208,200
Royalty Fee	7%
Advertising Fee	2%
Term of Agreement	10 Years
Is franchise term renewable?	NO
Renewable Franchise Fees	–

How much do College Hunks franchise owners make?

As per the latest FDD, the Average Annual Gross Sales (AUV) of the company in 2021 was $1,638,839.

What is College Hunks franchise profit?

I will analyse the College Hunks profit and years to recoup the investment (ROI).

AUV	Estimated Annual Profit (10%)	Estimated Annual Profit (15%)	Estimated Annual Profit (20%)
$ 1,037,467	$103,746	$155,620	$ 207,493
Recoup mid-point$ 221,100	3 years	2.5 years	2 years

The estimated College Hunks Hauling Junk franchise profit is in the range of $103,746  to $207,493  and it will take 2 to 3 years to recoup the investment. 

According to industry standards, getting a return on the franchise investment is a fantastic return on investment.

College Hunks Training to Franchises

Franchise owners can take advantage of the training and support offered by franchisors to operate their businesses effectively. This can include on-the-job training and classroom instruction, with up to 24 hours of hands-on experience and 40 hours of classroom training provided. The ongoing support options can vary and may include marketing assistance, help with managing finances, and regular updates on industry trends.

College Hunks Operations to Franchises

When it comes to operating this franchise, absentee ownership is not allowed and it cannot be run from a home or mobile unit. However, running it part-time is possible. The franchise requires a minimum of four employees to run. Exclusive territories are available for this franchise, allowing for a certain area to be designated to the franchisee for business operations. These additional details can help potential franchisees determine whether or not this franchise is suitable for their needs and goals.

How is College Hunks Territory Granted to Franchises

College Hunks Hauling Junk and Moving give its franchisees specific territory to help them begin and expand their operations. The territory size of each franchisee is determined by the corporation based on population density, demography, and market demand. Exclusive portions are offered to franchisees to preserve their business interests and prevent competition from other College Hunks franchises in the same region. The corporation performs market research to find locations with significant service demand and then assigns territory to franchisees. Franchisees can expand their domains as their businesses grow and demonstrate success by negotiating with neighboring franchisees or working with the franchisor to gain more area.

What is the Franchise Term of Agreement and Renewal?

The initial term of the agreement offered by the company is 10 years which cannot be renewed.

Does College Hunks provide Financial Assistance to Franchises?

No, College Hunks Hauling Junk and Moving does not provide direct financial assistance to its franchisees. Still, it does offer guidance and resources to help franchisees secure financing through third-party lenders.

 

Pros & Cons of Buying a College Hunks Franchise

Pros of owning a College Hunks

1. Established brand: College Hunks is a well-established national brand with strong brand recognition, which can help franchisees attract customers in their local markets.
2. Multiple revenue streams: The company offers various revenue streams, including junk removal, moving, and labor services, which can help franchisees generate additional income and increase profitability.
3. Comprehensive training and support: College Hunks provides extensive training and support to its franchisees, including initial training, ongoing support, and a dedicated franchising support team.
4. Proprietary technology platform: The company provides its franchisees with a proprietary technology platform to help them manage their businesses, including features such as CRM, scheduling, and invoicing.
5. Exclusive territories: Franchisees are granted exclusive domains to protect their business interests and prevent competition from other College Hunks franchises in the same area.

Cons of Owning a College Hunks Hauling Junk 

1. High initial investment: The initial investment required to start a College Hunks franchises can be increased, which may make it difficult for some prospective franchisees to secure financing.
2. Ongoing fees: Franchisees must pay ongoing expenses, including royalties and advertising fees, which can reduce profitability.
3. Limited flexibility: Franchisees must adhere to the company’s policies and procedures, which can limit their ability to make independent decisions about how to operate their businesses.
4. Competitive market: The junk removal and moving industries are competitive, meaning franchisees may face competition from other established companies in their local markets.
5. Labor-intensive business: The junk removal and moving industries require significant physical labor, which may only suit some franchisees or employees.

What is College Hunks Hauling Junk Franchise Reviews?

Positive Reviews

“I recently used the College Hunks franchises for a move, and I was blown away by the exceptional service I received. The movers were prompt, professional, and efficient, making the entire process a breeze. They handled my belongings with care and ensured everything was placed exactly where I wanted it. I highly recommend College Hunks for anyone in need of moving services.”

“I had a fantastic experience with the College Hunks franchising when I hired them for junk removal. The team arrived on time and worked quickly to remove all of the items I needed to dispose of. They were polite, friendly, and respectful throughout the entire process. I would definitely use College Hunks again in the future.”

“I cannot say enough good things about the College Hunks franchises. From start to finish, the entire process of using their services was smooth and stress-free. The staff was incredibly helpful and accommodating, and the movers were prompt and professional. I would recommend College Hunks to anyone looking for a reliable and efficient moving or junk removal service.”

Negative Reviews

“My experience with the College Hunks franchises was disappointing. Despite making an appointment well in advance, the movers showed up an hour late, causing me to miss an important appointment. Once they arrived, they were slow and unprofessional, causing the move to take much longer than anticipated. I would not recommend College Hunks to anyone.”

“I was extremely dissatisfied with the junk removal services provided by the College Hunks franchises. The team was careless with my belongings and damaged several items during the removal process. They also left a mess behind, failing to clean up properly after themselves. I would not use College Hunks again.”

“I had a terrible experience with the College Hunks franchises. The movers were rude and unprofessional, and they did not take care to ensure my belongings were handled properly. Several items were damaged during the move, and the movers did not seem to care. I would not recommend College Hunks to anyone in need of moving services.”

College Hunks Franchise Rankings

The College Hunks Hauling Junk Ranked

• #290 in the year 2023 under Franchise 500 Ranking
• , #139 in 2022 under Fastest-Growing Franchises,
• #66 in 2022 under Top Franchises for Veterans,
• #121 in 2022 under Fastest-Growing Franchises (USA and Canada), and
• #62 in 2022 under Top Franchises for less than $150,000. 

Franchise Deck Analysis and Overview

The College Hunk Hauling Junk franchise is a rapidly growing business in the moving and junk removal industry. Although it may take some time to expand the business initially, once it is established in the right locations, the average earnings can range from $500,000 to $600,000 per year. This franchise offers a variety of services including moving, packing, storage, and junk removal, making it a versatile and profitable option for those interested in the industry. College Hunks also offers extensive training and support to its franchisees, ensuring their success in the business. With its impressive growth and profitability, the College Hunks franchising presents a promising opportunity for entrepreneurs seeking a lucrative and fulfilling career.

Potential Risks to consider before investing in a College Hunk Franchise

1. High initial investment: The initial investment required to start a College Hunk franchise can be increased, which may make it difficult for some prospective franchisees to secure financing.
2. Ongoing fees: Franchisees must pay ongoing expenses, including royalties and advertising fees, which can reduce profitability.
3. Limited flexibility: Franchisees must adhere to the company’s policies and procedures, which can limit their ability to make independent decisions about how to operate their businesses.
4. Competitive market: The junk removal and moving industries are competitive, meaning franchisees may face competition from other established companies in their local markets.
5. Economic downturns: Economic downturns can significantly impact the junk removal and moving industries, as consumers may have less disposable income to spend on non-essential services.
6. Market saturation: The junk removal and moving industries are already crowded with established companies, making it difficult for new franchisees to develop a foothold in some markets.
7. Labor availability: The junk removal and moving industries require significant physical labor, which may be difficult to find in some markets, particularly during peak periods.
8. Regulatory compliance: The junk removal and moving industries are subject to a range of regulations and requirements at the local, state, and federal levels, which can be complex and time-consuming to navigate. Franchisees may need to hire additional staff or consultants to help them stay in compliance.

Is the College Hunks Profit Worth the Franchise Cost?

Although it may require an initial period of time to expand the business, once it is expanded in suitable areas, the average earnings typically fall within the range of $500 to $600 K every year.

College Hunks Franchise Success and Failure Rate

The below table will highlight the College Hunk franchise success and failure rate for the last 3 years. This will supplement your decision-making process.

Year	Format	Start	End	Change
2019	Franchise Owned	102	114	12
Company Owned	2	4	+2
2020	Franchise Owned	114	129	15
Company Owned	4	3	-1
2021	Franchise Owned	129	152	23
Company Owned	3	3	0

Competition Analysis of College Hunks Franchises

College Hunks	Cost to Franchise	Franchisee Fees	Royalty + Ad fees	Expected Profit	Recoup of Capital	FD Rating
College Hunks	$89,300 – $208,200	$45,000 – $65,000	7% + 2%	$ 207,493	2-3 years	4.1/5
Realty One Group Franchise	$43K – $225K	$15,000 – $22,000	2%	–	–	3.7/5
The UPS Store Franchise	$122K – $508K	$9,500 – $29,950	5% + 2.5%	–	–	3.5/5
HomeVestors of AmericaFranchise	$80K – $456K	$39,000 – $80,000	–	–	–	3.3/5
Signal Franchise	$93K – $241K	$85,000 – $170,000	4% + 3%	$6.6 million		4/5
Smash My Trash Franchise	$340K – $401K	$50000	8% + 1%	30.43%	–	3.3/5

The Franchise Deck rating for the College Hunk franchise is 4.1/5.0.

Conclusion: Will You Buy the College Hunks franchise for Sale?

The College Hunks Hauling Junk franchise is a viable and lucrative opportunity for entrepreneurs seeking a profitable and versatile business in the moving and junk removal industry. While it may take some time to scale up the business, the median profits can range from $500,000 to $600,000 per year once established in the right locations. 

With its comprehensive training and support for franchisees, the College Hunk offers a promising chance for success. Additionally, the franchise offers exclusive territories and the potential for growth, making it a strong investment for those looking to build a long-term career in the industry. With its impressive profitability and growing demand, the College Hunk franchise opportunity is definitely worth considering for anyone looking to enter the industry.

Entrepreneurs who want to open a franchise in the cleaning opportunities categories can look at 

1. The UPS Store Franchise
2. HomeVestors of America Franchise
3. Card My Yard Franchise
4. School of Rock franchise 
5. Interim HealthCare Franchise
6. 1-800 Got Junk Franchise
7. Servpro franchise
8. Gatsby Glass Franchise
9. Ace Hardware Franchise
10. Anago Cleaning Franchise

Frequently Asked Questions (FAQs)

1. Is the College Hunks franchise profitable?

Although it may require an initial period of time to expand the business, once it is expanded in suitable areas, the average earnings typically fall within the range of $500,000 to $600,000 annually.

2. Can you make money owning a College Hunks?

As per the latest FDD, the Average Annual Gross Sales of the company in 2021 was $1,638,839.

3. Is College Hunks a franchise?

Yes, College Hunks is a franchising opportunity.

4. How much is a College Hunks franchise?

The initial investment for a College Hunk franchise ranges from $95,000 to $203,000.

5. How do College Hunks franchises make money?

College Hunks franchises make money by providing customers with junk removal and moving services, earning revenue from service fees, hourly rates, packing and storage services, and ancillary products.