College Hunks Hauling Junk Explained

College Hunks Hauling Junk and Moving
Type:Private
Foundation:2004, in Washington, D.C.
Founder:Nick Friedman, Omar Soliman
Location City:Tampa, Florida
Location Country:United States
Locations:165 franchises (2021)
Key People:Nick Friedman
President
Omar Soliman
CEO
Areas Served:United States and Canada
Industry:Junk Removal, moving services

College Hunks Hauling Junk and Moving is a North American junk removal and moving company with headquarters in Tampa, Florida. 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. The company became operational in 2005 and began franchising in 2007.[1] The company's services are available to both commercial and residential clients, with over 70% of the "junk" collected being donated to charities such as Goodwill Industries, recycled, reused or incinerated as fuel through the Covanta Energy Corporation.[2] As of October 2021, College Hunks Hauling Junk and Moving had three company-owned locations and 162 franchised locations in the United States and Canada.[3]

History

College Hunks Hauling Junk began operations in 2004 after co-founder Omar Soliman won $10,000 in the annual Leigh Rothschild Business Plan Contest.[4] Upon graduating from the University of Miami, Soliman and partner Nick Friedman moved to Washington, D.C., and expanded the company into a full-scale operation. In its first two years, the company hauled away more than 4,000 tons of junk, and as of 2010 was hauling away an average of 10,000 tons each year.[5] In 2008, the company moved its headquarters to Tampa, Florida and began franchising. The organization expanded and appeared on the Inc magazine's 500 Fastest Growing Companies list in 2009.[6] The company was ranked No. 30 on Entrepreneur Magazine's Top 50 New Franchise Rankings in 2009.[7]

In mass media

In September 2008, Friedman and Soliman tried but failed to secure funding from investors for a new business concept called College Foxes Packing Boxes, a full-service packing and professional organizing company.[8] The company attempted to gain an investment of $250,000 for 25% for the "foxes", on the very first episode of the ABC investment television show Shark Tank.[9] The investors requested equity in College HUNKS Hauling Junk instead, with an offer of $1,000,000 for 10%. The show's investors ultimately rejected the offer, except for Robert Herjavec who offered $250,000 for 50% of the Foxes and 10% of the Hunks, which was later rejected by Soliman and Friedman. Soliman and Friedman were contestants in the third-season premiere of Bravo TV's Millionaire Matchmaker hosted by Patti Stanger.[10] Friedman and his girlfriend appeared on HGTV's House Hunters, in an episode that aired on July 7, 2013. College Hunks Hauling Junk was one of the first companies involved in a NIL deal, signing an agreement with then University of Miami quarterback D'Eriq King.[11]

See also

Notes and References

  1. News: 'Hunks' Turn Summer Gig Into Real Business . The Wall Street Journal . Sarah E. Needleman . 2011-09-15 . 2011-09-21 .
  2. Web site: Great Places to Work: 18 Places Deserving Honorable Mention - Work & Education . washingtonian.com . 2011-09-19.
  3. Web site: Locations . collegehunkshaulingjunk.com . 2013-03-21.
  4. Web site: Entrepreneurs take home $34,000 in UM Business Plan Competition . bus.miami.edu . 2008-04-24.
  5. Web site: Local 'College Hunks Hauling Junk' celebrates Earth Day . setanchor.com . 2011-09-20.
  6. Web site: 6 Companies That Got a Lift From Oprah . Inc.com . 2011-09-19.
  7. Web site: 2009 New Franchise Rankings . Entrepreneur.com . 2011-09-19 . https://web.archive.org/web/20110927093217/http://www.entrepreneur.com/franchises/rankings/newfranchises-115520/2009,-1.html . 2011-09-27 . dead .
  8. News: College Hunks Hauling Junk founders jump in 'Shark Tank' . bizjournals.com . 2009-08-07. 2011-09-19 . Tierney . Plumb.
  9. News: College Hunks Hauling Junk founders jump in 'Shark Tank' . Washington Business Journal . Tierney Plumb . 2009-08-07 . 2011-09-21.
  10. Web site: The Millionaire Matchmaker Season 3, Episode 1, Omar and Nick . Bravo TV Official Site . 19 January 2010 . 2011-09-21 .
  11. Web site: Hurricanes QB D'Eriq King First To Land NIL Deal . CBS Miami. July 2021 .