Junk Removal Is Big Business and Perfect for Profit
Junk franchise opportunities could be the business opportunity you’ve been searching for. 2020 was the year that COVID changed the world. In more ways than we could ever have imagined. Forced to stay at home for days, weeks, and months, people rediscovered the ‘spring clean’ and recycling.
Owning a junk removal franchise is an investment in what promises to be a highly sustainable business model. A great franchise to own in a recession, a good business to start in a bad economy, and – if you buy the right one – an eco-friendly franchise that makes a profit while you help make Earth a more sustainable planet.
Why are junk removal franchise business opportunities so hot?
The need to remove junk is constant and consistent. Whether from residential homes or business premises, people need to get rid of their broken furniture and items they no longer need. Your attic, for example. When was the last time you cleared it out? A year ago? Two years? Longer?
Many people have stuff in their attic that hasn’t seen the light of day for 10, 20, 30 years and longer. When they move home, they clear the junk out. Deceased estates, foreclosures, replacement furniture and appliances, and just general tidying up are also reasons to call the junk collectors.
Junk removal is big business. According to statistics collated by Alliance Disposal, the waste industry in the United States is valued at $75 billion per year. Junk removal accounts for a whopping $10 billion of this.
Junk removal is going greener, too. People are conscious and concerned about what happens to their trash. There are more than 2,000 landfills in the United States. While 75% of our waste is recyclable, only 30% of it gets recycled. There’s a lot of money on the table for junk removal franchisees to make, and a lot of opportunity for green junk removal businesses to pursue.
Three junk removal franchises you shouldn’t ignore
To take advantage of the opportunity in junk removal, you first need to identify the best franchise to buy. With over 20,000 waste and junk removal operators in the United States, it’s a big pool to dive into. Here are what we consider to be three of the best.
Founded in 1989, 1-800-GOT-JUNK is the world’s largest junk removal business. It’s been featured on The Oprah Winfrey Show, in Fortune magazine, and various news media.
As a franchisee, you’ll benefit from an exclusive territory, centralized call center, business coaching, in-field support, and, of course, the name. If you have strong management and marketing skills, you could be running a business with $100k revenue in your first year (according to their promotional material). Investment amount is around $100k to $150k.
College Hunks Hauling Junk
The second junk removal business on my list is College Hunks Hauling Junk.
Founded in 2003, the business started franchising in 2006. The company currently operates in more than 150 locations across the nation, and also provides moving services. They partner with local charities and non-profit groups to find new homes for unwanted items. Where this is impossible, they try to recycle or discard off responsibly.
Your total investment for a College Hunks Hauling Junk franchise is likely to be between $100k and $250k.
For me, this is the most exciting opportunity of the three. Remember I said about the massive opportunity not only in junk removal but in recycling of junk? This is the junk removal franchise that I think is best positioned to take advantage.
Its business vision is to stop putting any junk into landfill by 2025. Instead, they will either donate junk they collect to local charities and good causes, or recycle it. Junkluggers is undoubtedly the industry leader in eco-friendly and green practices. Services that they offer include junk, furniture, and appliance removal, help for hoarders, e-waste recycling, and moving. They provide these services to the residential and commercial sectors.
Investment needed for a Junkluggers franchise is in the region of $75k to $150k.
Is a junk removal service the best franchise for you?
Junk removal is big business, and it’s growing. As we become more conscious of the effect that our trash has on the environment, consumers are choosing green junk removal services. The sector is good to start a business in, and a green junk removal franchise could be the perfect way to do so.
Which franchise is right for you?
Start your journey as a socially conscious entrepreneur by taking the Franchise Aptitude Test. Or, to learn more about all your options, consider our Executive Career Change Services.