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Below is an in-depth analysis and side-by-side comparison of College Hunks Hauling Junk vs TurboHaul including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $95,700 - $231,200 | $60,000 - $90,000 |
Franchise Fee | $40,000 - $60,000 | $30,000 |
Royalty Fee | 7% | 7% |
Advertising Fee | 2% | 1% |
Year Founded | 2003 | 1995 |
Year Franchised | 2007 | 2003 |
Term Of Agreement | - | 5 years +5 |
Term Of Agreement | - | 5 years +5 |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | * A leader who has the desire and passion to build a junk removal and moving services business. * The personality to be a successful franchisee. * The capital to invest in a franchise. * Have fun (this is a collegiate and fun concept). | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 24 hours Classroom Training: 48 hours | 1.Corporte Headquarters 5 Days 2. Franchisee Site 3 Days |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Field Operation Evaluation Field Training Franchisee Newsletter |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations | Passive/Management franchise: 20% of franchisees have hired General Managers Average # of Employees: 3-5 | Average Number of Employees: 2 Full-time, 0 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | - |
International Expansion | No | - |
At COLLEGE HUNKS, we don't hire employees, we empower the future leaders of society.
That's why HUNKS stands for Honest, Uniformed, Nice, Knowledgeable Students.
Overview
College Hunks Hauling Junk and College Hunks Moving is a franchise opportunity unlike any other. It's an established, award-winning business with incredibly rapid growth. The reason for our growth is simple: we focus on the people we serve rather than just the function we perform. We build trust through our clean-cut, considerate and stress-free approach to an otherwise "junk" and stress-filled industry.
Along with junk removal and full service local moving, we also offer labor services, storage solutions, donation pickups, real estate and property management assistance and more. As a full-service, one-stop shop for all moving and junk removal needs, our synergistic approach allows greater cross-selling and bundling, to create a 100% stress-free experience for all of our clients and greater revenue opportunities for all of our franchise partners.
As a B2C and a B2B service company, we operate on the front-lines of customer relations by actually performing our service within the clients' homes, apartments/condos and properties. As a result, we must be incredibly sensitive to the unique circumstances of each individual client. When a client gets evicted, is in the midst of a divorce, or is suffering the recent loss of a loved one, they need to have their belongings moved or removed in a stress-free manner. We provide that.
We also service B2B customers. Our B2C is about 80% of our business and our B2B is about 20% of our business.
We also provide the peace of mind that comes with knowing those possessions will be given a second life or recycled in the most environmentally way possible, as we do with 70% of everything we haul.
Our organization uses four core values to guide decision making, culture and growth:
1. Building Leaders
2. Always Branding
3. Create a Fun, Enthusiastic Environment
TurboHaul’s founder Kevin Daly grew up poor, so he and his brothers would go to local parks to look for bottles and cans that they could sell. Being the smallest, his brothers would hold him by his ankles to fish out cans and bottles from the trash bins. From those early experiences, he says he gained a "fever for recycling.” Then to make some money in college, he bought an old VW bus to help people move and haul their stuff. He saw a need and an opportunity in the marketplace and the idea for TurboHaul was born. After graduating college with a degree in logistics and marketing, he officially started TurboHaul with a rented U-Haul truck and an old computer in 1995.
TurboHaul has a very clear set of values that guide our decisions and formulate our company culture. We hire the best and brightest who share our values of hard work and unwavering integrity and then train them on the TurboHaul Way. Our proprietary systems and innovative truck designs allow TurboHaul to provide the fastest service at the most affordable rates in the industry. We remain committed to our customers and strive to delight them with each service.