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Junk Removal Franchise Costs and Investment Information

With College HUNKS Hauling Junk & Moving®, a junk removal franchise costs less than you think! Let us help you live out the dream of business ownership.

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Junk Removal Franchise Costs and Investment Information

How Much Does It Cost to Open a Moving Company Franchise with Us?

College HUNKS Hauling Junk & Moving® is a low-cost franchise with tremendous growth potential. Average College HUNKS franchise partner revenue is strong and growing. In the past seven years, our average franchise partner revenue increased by 337%: from $442K to $1.31M in 2020. (That average includes franchisees offering both junk removal and moving services and that have been in business for at least one year.)

To become a College HUNKS franchise partner, you should have:

  • A net worth of at least $200,000
  • At least $75,000 in liquid capital

The total investment necessary to begin operating a College HUNKS Hauling Junk® or College HUNKS Moving® franchise ranges from $158,700 to $288,500. This includes $45,000 to $65,000 for the franchise fee, depending on whether or not you operate one concept or both, and working capital to cover expenses during the first six months of operations.

Moving Trucks

The College HUNKS royalty rate is 7% of gross sales. Franchise partners pay a 2% Brand Development Fee that supports our national-level marketing efforts. 

Most junk removal franchise owners finance the startup costs. If you have at least $75,000 in liquid capital (cash, home equity, 401(k) or IRAs, sellable assets like extra vehicles, etc.) and a net worth of $200,000, there’s a good chance you will be able to finance a College HUNKS franchise. Keep in mind that if you have more than enough cash to get started, it may make sense to conserve some of your cash for the startup phase of your business.

Investment Info

$45,000 to $65,000
Initial Franchise Fee
$3,600 to $9,000
Rent – 3 Months
$3,600 to $7,200
Lease, Utility and Security Deposits
$3,100 to $5,500
Paint and Signage
$0 to $22,000
Service Vehicle – Deposit on Lease or Finance
$2,000 to $6,000
Equipment and Hand Tools
$2,000 to $6,000
Office Equipment and Supplies
$500 to $3,000
Business Licenses and Permits
$1,000 to $2,500
Professional Fees
$1,500 to $7,000
Insurance Deposit
$1,500 to $5,000
Training Expenses
$10,000 to $20,000
Business Ramp-Up Advertising
$40,000 to $120,000
Additional Funds (6 months)
$108,700 to $273,200
TOTAL ESTIMATED INITIAL INVESTMENT

These costs are estimated, as the total costs may be higher if you launch the junk-hauling and moving concepts simultaneously. At the same time, your costs will be lower if you choose just one service. 

We encourage new franchise partners to offer both services, as they complement one another and can result in additional revenue streams. Oftentimes, customers who need one service often require the other as well. When you offer both moving and junk removal services, you can fulfill more customers’ needs, generate more revenue, and enjoy higher levels of repeat business. 

When you reach out to us to discuss a franchise opportunity, we’ll be able to provide you with a more accurate estimate that takes into account your preferences, location, truck requirements, and other variables. Additionally, we provide full investment information in our current Franchise Disclosure Document (FDD).

Find out in minutes if you pre-qualify financially for funding that can make franchise ownership easy!

There are many ways to finance your franchise. We can work with you to explore a range of financial assistance options, including home equity loans and SBA loans, or you can utilize retirement funds. When you reach out, we’ll discuss your options based on your current financial standing and find what works best for you.

For example, you may have more liquid assets than you realize. In addition to your checking and savings accounts, you can sell the extra car in your driveway or the boat in your garage to help get your business started.  

Other common ways that franchise partners 
finance their businesses include:

Home equity loans. Owning your home or other real estate comes with benefits. If you’ve owned property for several years, you may have equity that can be easily tapped and is generally the least expensive way to finance a small business. Additionally, the loans can be advantageous thanks to the ability to deduct interest payments from your taxes.

SBA loans. College HUNKS is a part of the US Small Business Administration (SBA) Franchise Registry. This is a big advantage for franchise partners seeking an SBA loan, as inclusion in the registry allows banks to skip several steps in the approval process, making the lending process faster.  As one of the most common financing options for new businesses, you’ll be asked for extensive documentation about your proposed business, your financial information, and collateral for the loan.

Tap retirement funds without penalty. You might not need a loan at all if you have a 401(k) or an IRA. By rolling your savings over into a self-directed IRA, you can use those funds to start a business without incurring any early withdrawal penalties. We encourage prospective franchise partners to work with a skilled financial advisor if you’re interested in this option, as the process can be tricky.

When you invest in a moving company franchise with College HUNKS, you can build a business, become financially independent, and gain a greater sense of purpose.

Two Employee of College Hunks

Our Junk Removal and Moving Franchise Opportunity Is Built to Scale

College HUNKS Hauling Junk & Moving® utilizes advanced systems that are designed to help you grow your business. Our franchise opportunities are designed to scale up quickly, and with our Truckonomics guide, you’ll be able to gauge the progress of your business and determine if it’s the right time to add another truck to your fleet or carry out other expansion options. 

The average College HUNKS franchise revenue sales were $1.3M in 2020 for locations in business for at least a year. If you’re wondering how much you can make as a College HUNKS franchise partner, please feel free to contact us for our free Franchise Information Report, which includes Item 19 Financial Performance Representations from our Franchise Disclosure Document (FDD).

Monthly Sales Per Truck

A breakdown of all income and costs of a single truck per month. 

Monthly Sales Per Truck – Junk

Jobs Per Day – 3.5 – Assuming truck performs 3.5 jobs per day and operates 10 hours per day

Average Revenue Per Job – $346 – Not including recycling income

Work Days Per Month – 26 – Based upon operation 6 days per week (Mon-Sat)

Monthly Gross Sales – $31,000

Monthly Cost Per Truck – Payroll Related (6 Days Per Week Operating 10 Hours Per Day)

Driver Lead – $3,380 – $13.00 per hour at 3,120 hours per year (6*10*52) (assumes bonus incl.)

Wingman – $2,860 – $11.00 per hour at 3,120 hours per year (6*10*52)

FICA/FUTA/SUTA – $665 – 10.65% (7.65% + 3%) of personnel costs (driver + navigator)

Workers Comp – $936 – 15% of personnel costs (driver + navigator)

Monthly Costs – Fuel Per Truck and Other Variable Costs

Fuel & Other Variable Truck Costs – $1,240 – 4% of monthly Gross Junk Sales (Tracking, Fuel, Parking, Tolls)

Disposal/Transfer Fees – $2,170 – 7% of monthly Gross Junk Sales

Vehicle Insurance – $750 – Per truck - decreases as additional trucks added

Truck Payment – $1,000 – Assuming truck is financed/leased

Local Advertising – $3,100 – 10% of Sales

Truck Maintenance – $300 – Oil changes, tires, tarp replacement, etc.

Continuing Royalty Fee – $2,170 – 7% of monthly Gross Sales

First Contact Sales & Loyalty Center Fund – $2,210 – Assuming $945 ($799 Junk Only) flat fee plus call center bookings needed for 4 jobs per day ($19 per booking)

National Brand Development Fund – $620 – 2% of monthly Gross Sales

Total Monthly Costs – $21,206     

Plus Recycling Income – $620 – Approximately 2% of monthly Gross Sales

NET OPERATING PROFIT PER TRUCK – $10,414

Contact Us

Ready to learn more about a College HUNKS Hauling Junk & Moving® franchise opportunity?

We’re here to answer any questions you might have, so get in touch today!

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College HUNKS Hauling Junk & Moving is proud to be America’s fastest-growing moving and highest rated junk hauling franchise. We utilize a smart business model to drive our growth, giving you the opportunity to be an executive in your business. So what are you waiting for?

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