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Below is an in-depth analysis and side-by-side comparison of College Hunks Hauling Junk vs Bin There Dump That 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 | $73,050 - $128,250 |
Franchise Fee | $40,000 - $60,000 | $29,000 - $45,000 |
Royalty Fee | 7% | $500-$1K/vehicle/mo. |
Advertising Fee | 2% | $1.2K-$2.4K/truck/mo |
Year Founded | 2003 | 2001 |
Year Franchised | 2007 | 2004 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
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 | -/Yes |
Start-up Costs | -/Yes | -/Yes |
Equipment | -/Yes | -/Yes |
Inventory | -/Yes | -/Yes |
Receivables | -/Yes | -/Yes |
Payroll | -/Yes | -/Yes |
Training & Support |
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Training | On-The-Job Training: 24 hours Classroom Training: 48 hours | On-The-Job Training: 12-20 hours Classroom Training: 35 hours |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Co-op Advertising Ad Templates National Media Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | Passive/Management franchise: 20% of franchisees have hired General Managers Average # of Employees: 3-5 | Franchise can be run from home. 12.7% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | 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