College Hunks Hauling Junk and Moving Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$158,100 - $355,500
Franchise Fee
$5,000
Total US Locations
190
Business Summary
College Hunks Hauling Junk® and College Hunks Moving® offers franchises for businesses that provide junk removal services, including picking up unwanted items from residential and commercial clients for disposal or recycling, and/or moving services, which involves relocating items and offering packing services and materials. The franchise operates under the College Hunks Hauling Junk® and College Hunks Moving® brand names.
Corporate History
CHHJ Franchising L.L.C. was formed on October 20, 2006, as a Delaware limited liability company. It does business under the College Hunks Hauling Junk® and College Hunks Moving® trademarks, offering franchises for junk removal and/or moving services. College Hunks Hauling Junk® began offering franchises in mid-2007. The company's immediate parent is CHHJ Midco, LLC, formed in 2021, which is a wholly owned subsidiary of CHHJ Holdings, LLC, majority owned by Friedman & Soliman Enterprises, LLC (F&S). F&S was formed in 2005. College Hunks Moving® concept was integrated into the College Hunks Hauling Junk® franchised business. The franchisor also has affiliates that own and operate College Hunks Hauling Junk® and/or College Hunks Moving® locations, and an affiliate, Trash Butler, LLC, which provides doorstep valet trash pickup service.
Financial Overview
Investment Range
$158,100 - $355,500
Franchise Fee (Low)
$5,000
Franchise Fee (High)
$75,000
Royalty %
7%
Marketing %
2%
Equipment Costs (Low)
$2,000
Equipment Costs (High)
$12,000
Working Capital
$90,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
College Hunks Hauling Junk® has received an unqualified audit opinion for its consolidated financial statements for the years ending December 31, 2024, 2023, and 2022, indicating that the statements present fairly in all material respects. The company's net income for 2024 was $7,512,121. As of December 31, 2024, College Hunks Hauling Junk® has recorded a liability of $2,006,954 for the Employee Retention Tax Credit (ERTC) received under the CARES Act. This is noted due to the evolving nature of ERTC guidance and the potential that funds may need to be returned if the company is deemed ineligible by the IRS.
Financing Details
College Hunks Hauling Junk® does not offer direct or indirect financing to franchisees. It also does not guarantee any franchisee's note, lease, or other obligations. Franchisees are responsible for securing their own financing.
Performance Metrics
Total US Locations
190
Franchised Units
186
Corporate Units
4
Avg Square Footage
1,500
Franchising Since
2007
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
1
Litigation Summary
College Hunks Hauling Junk® has one litigation case required to be disclosed. CHHJ Franchising L.L.C. filed a lawsuit against a former franchisee in Florida on September 20, 2024. The lawsuit alleges breach of contract, trademark infringement, unfair competition, false designation of origin, and fraudulent concealment due to the former franchisee violating in-term and post-term non-competition provisions.
Bankruptcy History
College Hunks Hauling Junk® has no bankruptcy history to report.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their franchise agreement, College Hunks Hauling Junk® franchisees must provide written notice between 180 and 240 days before the initial term expires. Franchisees must have fully complied with all obligations under their current franchise agreement and other agreements with College Hunks Hauling Junk® or its affiliates, and must not have received more than two notices of default during the initial term. They also need to meet College Hunks Hauling Junk®'s current standards for new franchisees, have satisfied all financial obligations, and secured the right to continue operating their office space. Franchisees are required to have attended all annual conventions, unless excused. Finally, they must sign College Hunks Hauling Junk®'s then-current form of franchise agreement, which may have materially different terms, sign a general release of claims, and pay a renewal fee of $5,000. Upon the start of the renewal term, they must also comply with current system standards and training requirements, which may include acquiring additional service vehicles.
Training & Support Program
Franchisor Assistance
Before opening, College Hunks Hauling Junk® assists franchisees by providing vehicle specifications, electronic access to the Operations Manual, initial training for two management personnel (excluding travel/living expenses), additional necessary assistance, access to a franchisee directory, and electronic artwork/templates for documents and advertising. During operation, College Hunks Hauling Junk® offers guidance and assistance through intranet, email, and telephone communications, as well as its centralized Sales & Loyalty Center (SLC) for lead distribution. It also issues, modifies, and supplements system standards for various operational aspects, such as hours, marketing, vehicle maintenance, and customer service. Additionally, College Hunks Hauling Junk® may provide up to 3 days of optional on-site training within the first 3 months of operations and from time to time as deemed necessary.
Initial Training Hours
101
Training Location
Tampa, Florida or virtually with additional onsite training at one of our Certified Training Locations or a host location of our choosing.
Ongoing Support
After opening, College Hunks Hauling Junk® provides ongoing advisory assistance and training through intranet/email communications and periodic telephone calls. The Sales & Loyalty Center (SLC) continuously distributes service requests to franchisees and handles basic client complaints, providing follow-up calls and detailed reports for business management. College Hunks Hauling Junk® may require franchisees to attend an annual refresher training course at the franchisee's expense. The franchisor also develops and updates the Operations Manual, provides a supply manual with approved vendors, and maintains a social media presence for the network. Franchisees must comply with system standards, including uniform requirements and appearance, and participate in a 'mystery shopper' program and market research. There is also a National Accounts Program for securing larger clients, which franchisees must participate in if possible. Optional captive insurance programs and payroll services are also available through affiliates.
Franchise Requirements
Ideal Candidate Profile
College Hunks Hauling Junk® seeks qualified candidates who demonstrate strong financial ability and professional experience to operate a franchised business. Franchisees are expected to have a Managing Owner who devotes full-time effort to supervising and operating the business, including a minimum of 30 hours per week of physical presence during operating hours. Additionally, U.S. veterans who maintain at least a 51% ownership interest in their business are eligible for a discount on the initial franchise fee, indicating a preference for veteran owners.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
commercial
Owner Participation
full-time
Territory Type
limited
Territory Size Requirements
College Hunks Hauling Junk® grants franchisees a Designated Territory which includes one or more 'Zones'. A standard Zone typically has a population of between 300,000 and 400,000 people. For 'small market' franchises, Zones have a population between 5,000 and 299,999. The franchisor does not establish or allow other franchisees to establish a competing College Hunks Hauling Junk® or College Hunks Moving® business within the Designated Territory. However, if a franchisee only purchases one of the two concepts (junk removal or moving), College Hunks Hauling Junk® may operate or franchise the other concept within that franchisee's Designated Territory. Additionally, the franchisor reserves the right to provide services through other franchisees or affiliates for long-distance moving requests if the franchisee does not offer them. The size of the Designated Territory will not change due to population shifts, but College Hunks Hauling Junk® may reduce the territory or revoke protection from competition if the franchisee fails to meet obligations or sales minimums.
Staffing Notes
College Hunks Hauling Junk® requires franchisees to hire sufficient personnel to fully staff their franchised business in accordance with system standards. Franchisees are solely responsible for hiring, training, and supervising their employees and independent contractors, and must ensure compliance with customer service standards, production quality, and operational procedures. Employees are required to wear specific uniforms. The franchisor provides training materials and guidelines for staff but does not control wages, working conditions, hours, or disciplinary actions. Managers and other key employees with access to confidential information must sign non-disclosure and non-compete agreements. Franchisees are also required to perform background checks and drug testing on prospective employees as allowed by law.