If you’re interested in starting a small business, investing in a franchise can typically be an easier option than starting your business from scratch. One of the reasons why is, depending on what brand you choose, you’ll be investing in something that’s tried and tested and comes with training and support. But if you’re interested in the junk removal industry and are wondering what a junk removal franchise costs, you’ll be pleased to know that ours is a turnkey investment that covers just about everything you’ll need to get your College HUNKS Hauling Junk & Moving® franchise up and running smoothly.
Our business model offers franchisees an affordable investment paired with our ongoing training and support, making College HUNKS the ideal junk hauling and moving company franchise opportunity to invest in.
How Much Does It Cost To Open a Franchise With Us?
College HUNKS offers three investment opportunities: a Junk Removal Franchise, a Moving Franchise, or the opportunity to run both businesses in one.
The junk removal business startup cost you’ll need to begin operating a franchise ranges from $158,700 to $288,500. This amount includes the franchise fee (which is dependent on whether or not you operate one concept or both), as well as capital to cover expenses during the first six months of your operations.
Our royalty rate is just 7% of your gross sales, and another 2% goes toward your Brand Development Fee that supports our successful national-level marketing plans that you’ll benefit from directly.
So, what can these figures mean to your bottom line?
We’ve seen our average franchise partner revenue grow significantly over the past few years. We recorded a tremendous increase in average franchise partner revenue for locations in business for at least one year, from $442K in 2013 to $1.63M in 2021.
The fact is, we’re the highest-rated junk-hauling franchise in America and have increased brand recognition thanks to our appearances on TV, as well as our data-driven marketing strategies that are proven to work. Our respected and recognized name will set you up immediately as the go-to source for expert junk removal in your community!
Franchise Financing: Becoming Our Junk Removal Franchise Partner
We want you to succeed from the moment you reach out to us to the moment you become a fully-operational franchise partner and beyond. To that end, we’ll help you explore a range of financial assistance options. Here are a few of them:
Home Equity Loans
If you’re already a property owner and have been for years, you may have equity that can help you finance your business. This is generally the least expensive option for financing a business, and the best part about it is the ability to deduct interest payments from your taxes.
College HUNKS is part of the US Small Business Administration (SBA) Franchise Registry, which will strengthen your application for an SBA loan. To apply for this loan, you’ll be required to provide comprehensive documentation about your business interest, your financial information, and collateral for the loan.
If you have a 401(k) or an IRA, you may not require a loan at all. We advise you to consult a professional financial advisor for help with rolling your savings over into a self-directed IRA. Doing this will allow you to access funds that you can use to start your franchise, without incurring penalties for early withdrawal.
Scale Up With Our Junk Removal and Moving Company Franchise Opportunity
We’re dedicated to helping our franchise partners grow their businesses and bottom lines. We understand that one size doesn’t fit all, and each location is unique. That’s why we’ve developed our Truckonomics guide – a tool that helps franchise partners measure their performance alongside moving and junk hauling opportunities available to them. For example, our guide will help you determine when it’s time to do more, like adding another truck to expand your services or considering investing in additional franchise locations.
Our Truckonomics guide is only one of many other training and support resources that are available to all our franchise partners and are aimed at keeping you up to date with the latest market trends. We want to see your business reach its full potential, that’s why our business model is designed to help you run your franchise for yourself, not by yourself. With College HUNKS, you can rest easy every step of the way.
Want to learn more about the College HUNKS junk removal franchise cost and finance options? Reach out to our expert franchise team today!