College Hunks Hauling Junk/College Hunks Moving

#191

At a Glance

Products & Services: Junk removal, moving & labor services

Number of Locations: 148

Total Investment: $100K - 167.95K

Founded: 2003

Began Franchising: 2007

About College Hunks Hauling Junk/College Hunks Moving

College Hunks Hauling Junk got its start in the summer of 2003 when a group of college buddies borrowed an old cargo van and began offering customers help with sorting, moving, recycling and disposing of unwanted items. The next year, Omar Soliman submitted his busines plan for College Hunks Hauling Junk to the University of Miami's Leigh Rothschild Entrepreneurship Competition and won first place. After graduating, he and co-founder Nick Friedman continued to grow the junk removal business, and in 2007 they started franchising.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2012	132	0	0	16
2011	92	0	0	16
2010	73	0	0	15
2009	50	0	0	20

Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.

Startup Costs, Ongoing Fees and Financing

Total Investment: $100,000 - $167,950
Franchise Fee: $35,000 - $40,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 5 years, renewable

Financial Requirements

Net Worth: $150,000
Liquid Cash Available: $60,000

Operations

100% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4 - 6. Absentee ownership of franchise is NOT allowed..

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 7-10 days. At franchisee's location: 3 days.

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation

Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,