SOURCE: College Hunks Hauling Junk

College Hunks Hauling Junk

October 07, 2014 09:04 ET

College Hunks Franchise Named to Inc. List of Fastest Growing Businesses

Junk Removal Franchise's 324% Growth Over Three Years Draws Magazine's Attention

TAMPA, FL--(Marketwired - Oct 7, 2014) - College Hunks Hauling Junk continues to get the business world's attention, making the Inc. 5000 list of America's fastest-growing private companies for the fifth year in a row. New locations, as well as better financial performance, led to 324% systemwide revenue growth, Inc. reports.

Many factors contribute to the fast growth of the junk removal franchise. Inc. calls attention to the brand's multiple services, which include full-service moving, labor services and temporary storage.

Since its 2004 launch, College Hunks Hauling Junk has seen explosive growth. Average same-unit sales growth has continued for more than 33 months, and average franchise revenue reached $442,504 in 2013 -- up 42.6% in the past two years. Those figures will continue to climb, says co-founder and President Nick Friedman, as the economy improves.

"Home buying is on the rebound, and so people will be looking not only to move, but also to get rid of the junk they've accumulated," Friedman said. "Our full range of services means that our franchisees can provide a 'one-stop' experience for customers."

The franchise's success is also due to an award-winning marketing plan that helps each franchisee quickly become the first moving franchise or junk removal franchise that comes to mind for area residents. This marketing savvy is why College Hunks Hauling Junk has been featured on national television, including spots on The Oprah Winfrey Show, ABC's Shark Tank, HGTV's House Hunters, as well as in profiles in The Wall Street Journal, The New York Times, Forbes and many more.

According to the American Moving & Storage Association, the moving industry generates $9.7 billion a year. It also is highly fragmented, with many providers only offering limited services. College Hunks Hauling Junk's business model, which is built around a complete, low-cost removal, storage and relocation process, gives franchisees a big advantage.

Now the brand looks to triple the number of locations during the next three years, and there's room for more as the franchise continues to offer opportunities across the United States and Canada.

"Even though we are growing fast, we still have prime territory available," Friedman said. "Our competitors are sold out, and we're still offering opportunity in very attractive markets. There's no better time to become a part of our success."

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