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Below is an in-depth analysis and side-by-side comparison of College Hunks Hauling Junk vs Griffin Waste Service 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 | $131,400 - $164,000 |
Franchise Fee | $40,000 - $60,000 | $30,000 |
Royalty Fee | 7% | - |
Advertising Fee | 2% | - |
Year Founded | 2003 | 2002 |
Year Franchised | 2007 | 2008 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
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 | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Not only will you receive hands on training that will make you confident in your ability to operate the equipment. You will also receive the training that will make you confident that you can operate your business, impress your customers, profitably grow your volume, and allow you to position your business to dominate your competition. Through our experience we will help you obtain equipment that is perfectly suited to your operation, saving costly mistakes in equipment. We help you avoid the costly mistakes of the wrong equipment and straighten the learning curve to operate the business. |
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 | - |
Expansion Plans |
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US Expansion | 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