College Hunks FAQ
Answers to common questions about owning a College Hunks moving franchise and junk-hauling franchise
What are College Hunks Hauling Junk and College Hunks Moving?
College Hunks Hauling Junk and College Hunks Moving are two of the fastest-growing franchises in the United States, which may be run independently or together. The businesses are using award-winning branding and proven business systems to revolutionize the multi-billion dollar moving and junk-hauling industries.
Do I have to be in college? Do I have to be a hunk? Do I have to drive a truck or move stuff?
No! Our employees do the heavy lifting. Our franchise owners are simply the executive coaches or professors on the sidelines. Your employees will be mostly college students and we define hunks as honest, uniformed, nice, knowledgeable, students. Our franchise owners are from many different age ranges and backgrounds.
Do you do lots of work on college campuses?
Actually, most of our clients are homeowners and businesses. We do our employee recruiting on college campuses, but the clients are typically upper-middle class homeowners and/or commercial clients such as property managers, real estate agents, contractors, and storage facilities.
What is the franchise fee?
The franchise fee is $40,000 for those who wish to operate one concept, or $50,000 for those who wish to operate both.
What is the term of the franchise agreement?
The initial term is of the franchise agreement is five years and is renewable for additional five-year terms.
What is the royalty rate?
The royalty rate is 7% of gross sales.
How much does the call center cost?
There is no fee for the first six months of operation unless the franchise results from transfer or renewal. That gives new franchisees time to establish operations and revenue. The call center support fee is $727 per month for franchisees who offer only junk hauling, or $857 per month for franchisees who offer both junk hauling and moving. There is also a $17 fee per appointment scheduled by the call center. The fees cover the cost of software, service and support. By comparison, other franchises may charge a percentage of royalties for their call center, which is like paying an extra royalty payment every single month. Our flat fee allows us to cover the cost of a great call center while allowing you to keep more of your money as you grow.
What is the advertising contribution?
College Hunks franchisees pay a 1% Brand Development fee that supports marketing efforts coordinated at the national level.
Does College Hunks provide financing?
In limited cases, we will finance up to 70% of the franchise fee. Most financing is handled through third parties.
How much can I make as a College Hunks franchisee?
The Item 19 section of our FDD outlines historic financial performance for College Hunks businesses. For specific numbers, it is advisable to contact existing franchisees to learn of their first-hand experience. We will provide you a list of our existing franchisees during the franchise opportunity evaluation process. While franchisees are not required to disclose information to you, many will be happy to share information about their performance, the nature of the business and their satisfaction with the business.