1-800-JUNK-USA Acquires College Hunks Hauling Junk Franchise
Looks like the College Hunks are graduating to the Penthouse.
Privately held 1-800-JUNK-USA, based in Tampa, FL, has announced that it is acquiring the College Hunks Hauling Junk franchise. Founded back in 2003, College Hunks began offering franchise opportunities in 2007, and is today the largest franchise system of its kind in the U.S., with franchisees in more than 35 domestic markets.
Terms of the deal weren't disclosed, but we're guessing the co-founders of College Hunks, who launched their venture as a side project while attending college in our nation's capital, won't be eating ramen noodles and store-brand cola for much longer. (Actually, given the duo appeared on the millionaire matchmaker about a year and a half ago, it's probably been some years since these two were forced to chow on $0.50 cancer bowls to power their entrepreneurial engines).
Franchise mergers and acquisitions, like all major corporate transactions, are always a tricky affair. After all, the majority of M&A deals end up in failure. One senses, however, that 1-800-JUNK- USA has managed to acquire themselves a fast-growing business with strong brand recognition and substantial future prospects.
Time to tap the keg!
Thinking Globally: Why an International Franchise Can Be a Smart Investment
Calling all entrepreneurs! New business owners experience many benefits from making the choice to invest in a franchise. But there are additional advantages of investing in an international franchise. We will share them with you here and tell you about five of the top franchises that have gone global!
Advanced Franchise Accounting Terminology
If learning about things like GAAP accounting, revenue recognition policies, and the intricacies of cost vs. expenses fires you up, you're going to love this post.
Desperate Times Means Desperate Franchise Buyers
Early in my career, I encountered a franchise buyer who had made a rash decision that turned sour quickly. The funny thing was that he was intelligent, experienced and had a great deal of corporate knowledge – all the attributes that franchisors desire for their many franchise opportunities. I was intrigued that this experienced and generally deliberate person would make such a bad decision. So what went wrong?
