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College Hunks Hauling Junk/College Hunks Moving

2014 Franchise 500
#308
At a Glance

Products & Services: Junk removal, moving and labor services

Number of Locations: 142

Total Investment: $101.4K - $207.95K

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
2013 126 0 0 16
2012 132 0 0 16
2011 92 0 0 16
2010 73 0 0 15
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.

Startup Costs, Ongoing Fees and Financing

Total Investment: $101,400 - $207,950
Franchise Fee: $40,000 - $50,000
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $100,000
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,

Franchise Ranking History

Franchise 500®: #308 (2014), #191 (2013), #351 (2012),
Fastest-Growing: #60 (2013), #73 (2012),
Top New: #31 (2012),