College Hunks Hauling Junk/College Hunks Moving

College Hunks Hauling Junk/College Hunks Moving

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Promoted Opportunities

College Hunks Hauling Junk/College Hunks Moving
#166

Initial Investment

LOW: $89,300
HIGH: $208,200

Change in Units

+13.5% +24 UNITS (1 Year)
+42.3% +60 UNITS (3 Years)

Company Profile

Founded

2003

Franchising Since

2007 (10 Years)

Corporate Address

4411 Tampa Bay Blvd. Tampa, FL 33605

CEO

Omar Soliman

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.

Financials

Financial Requirements

Initial Investment

$89,300 - $208,200

Net-worth Requirement

$250,000

Liquid Cash Requirement

$75,000

Ongoing Fees

Initial Franchise Fee

$40,000 - $50,000

Ongoing Royalty Fee

7%

Ad Royalty Fee

2%

Financing Options

College Hunks Hauling Junk/College Hunks Moving has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


$5,000 off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training at headquarters: 6 days

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Number of employees required to run: 6 - 8

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: July 5th, 2017

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