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College Hunks Hauling Junk
Business Summary
College Hunks Hauling Junk is a privately-held junk removal and moving services company. The company provides junk removal, local and long distance full-service moving, and office relocation services, including in-home donation pickup services for non-profit partner organizations. College Hunks Hauling Junk was founded in 2005 and began franchising in 2007. It was acquired by 1-800-Junk-USA in 2011. The private company is headquartered in Tampa, FL.
Overview & Corporate Organization
Basic Information
| Year Founded: | 2005 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Tampa |
| State/Province: | Florida |
| Country: | United States |
| Phone: | View |
| Websites: | www.1800JunkUSA.com www.collegehunkshaulingjunk.com |
Corporate Organization
| Founders: | Nick Friedman Omar Soliman |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Competitors
| Crown Worldwide Group |
| Mayflower |
| Ryder |
| U-Haul |
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2011 | 2010 |
| Total Revenue | View | View |
| Commissions | View | View |
| Advertising | View | View |
| Network support | View | View |
| Professional | View | View |
| Franchise development | View | View |
| Travel | View | View |
| Office compensation | View | |
| Rent | View | View |
| Insurance | View | View |
| Depreciation and amortization | View | View |
| License fee | View | View |
| Utilities | View | View |
| Sundry | View | View |
| Office | View | View |
| Computer | View | View |
| Filing fees | View | |
| Total Cost | View | View |
| Operating (Loss) | View | View |
| Other Income - interest | View | |
| Net (Loss) | View | View |
| Balance Sheet | 2011 | 2010 |
| Cash and cash equivalents | View | View |
| Accounts receivable | View | View |
| Prepaid expenses | View | View |
| Other receivables | View | |
| Deferred commissions | View | View |
| Total Current Assets | View | View |
| Property and Equipment | View | View |
| Security deposits | View | View |
| Total Assets | View | View |
| Accounts payable and accrued expenses | View | View |
| Deferred revenue | View | View |
| Total Liabilities | View | View |
| Member's Equity (Deficiency) | View | View |
| Liabilities and members' equity | View | View |
| Cash Flow Statement | 2011 | 2010 |
| Net (loss) | View | View |
| Depreciation and amortization | View | View |
| Changes in Accounts receivable | View | View |
| Changes in Prepaid expenses | View | View |
| Changes in Other receivables | View | View |
| Changes in Deferred commissions | View | View |
| Changes in Accounts payable and accrued expenses | View | View |
| Changes in Deferred revenue | View | View |
| Cash Flows from Operating Activities | View | View |
| Distributions | View | View |
| Capital contributions | View | View |
| Cash Flows from Financing Activities | View | View |
| Net Increase (Decrease) in Cash and Cash Equivalents | View | View |
| Cash and Cash Equivalents - beginning | View | View |
| Cash and Cash Equivalents - end | View | View |
| Financial Notes: | |
| * | College Hunks Hauling Junk fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all College Hunks Hauling Junk financials to Excel and create your own graphs.)
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College Hunks Hauling Junk Total Employees: |
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College Hunks Hauling Junk Royalty fee ($): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Aug. 2011 | Completed | View | View | Acquisition | View |
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VC/Funding Activity
| Date | Investor | Round | Investor Type | |
| Unspecified | View | Seed | ||
| Details | Total Round Seed View | |||
| Total of Funding Shown Above View | ||||
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Detailed Business Description: College Hunks Hauling Junk
College Hunks Hauling Junk is a privately-held company that provides junk removal and moving services. The company is also the largest employer of college students in the nation. It was founded in 2005 by Nick Friedman and Omar Soliman, and was acquired by 1-800-Junk-USA in 2011. College Hunks Hauling Junk is based in Tampa, Florida, with franchises across the US.
Business Model
In order to position itself for national expansion, College Hunks Hauling Junk purchased the toll-free phone number 1-800-Junk-USA for $13,500, and invested over $300,000 for franchise systems development. Customers can book their junk removal appointments online as well as vote in the company's "Hunk 'Haul' of Fame." Over 60% of jobs are residential, though larger contracts have been completed for commercial clients such as USAirways and the Securities Exchange Commission.
The company's services are available to both commercial and residential clients, with over 65% of the "junk" collected being donated to… Continue Reading →
Supplemental Resources
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