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The Junkluggers

Table of Content
1. Franchise Snapshot
2. Franchise Overview
3. Performance and Metrics
4. Our take
5. Additional Resources

1. Franchise Snapshot

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Other Businesses
Category
Junk Removal
Investment Range
$96,010 to $339,160
Total US Locations
139
Franchise Units
135
Founding Year
2012
Started Offering Franchises
2012
Management Capacity
Owner Operator
Job Count
6
Prior E2 Investors?
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Prior Visa Franchise Clients?
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Royalty Fee
8%
Marketing Fee
2%
Franchise Fee
$25,000
Headquarters (City, State)
Columbia, MD
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
15 Years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

2. Franchise Overview

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Overview

The Junkluggers work is high-energy and meant for individuals who thrive on the camaraderie of building and interacting with a supportive team. While working closely with others, you'll also spend your days making independent decisions to grow your business with the support and guidance of our ace leadership team. Junk hauling may not seem glamorous but being your own boss is. Your day may start early, coordinating tasks and staff, but the satisfaction of helping countless community members and receiving positive reviews fills you with pride. From meetings with real estate offices to planning marketing efforts, and supporting local little league teams, each day is diverse and fulfilling. You'll go to bed looking forward to the opportunity to do it all again tomorrow!

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Management team / founders

In 2004, our CEO Josh Cohen started The Junkluggers using his mom’s SUV and operated out of a small storage closet in his father's office. Brand-conscious from the beginning, he painted one wall a brilliant shade of green, symbolizing the company's high-energy and eco-conscious focus. This commitment to the brand guided our growth from the start, leading to expansion through franchising in 2012. Today, with a dedicated corporate staff and trained franchise owners, The Junkluggers continues to build brand awareness and expand across the United States.

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Focus of owner for daily business operations

As a Junklugger franchisee, the main facets of the business entail: 1. Managing day-to-day bookings; 2. Interacting with clients and being the face of the company; 3. Hiring and managing staff; 4. Marketing and advertising locally; 5. Making sure safety standards and protocols are being met

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
8%
6%
6%
Marketing Fee
Franchise Fee
$25,000
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
Initial Franchise Fee
$6,699
$2,461
Upon signing the Franchise Agreement
Initial Training Fee
$6,699
$2,461
Before the Training Program
Equipment
$6,699
$2,461
Before opening
Equipment
$6,699
$2,461
As arranged
Vehicle
$6,699
$2,461
Upon purchase
Insurance
$6,699
$2,461
Upon opening
Grand Opening Marketing
$6,699
$2,461
Before opening
Professional Fees (Attorney, Accountant, etc.)
$6,699
$2,461
As incurred
Additional Funds for 3-6 Months of Operations
$6,699
$6,699
During the first 3 to 6 months
Total Initial Investment
$6,699
$2,461
$6,699
$2,461
$6,699
$2,461
$6,699
$2,461
$6,699
$2,461
$6,699
$2,461
$6,699
$2,461
$6,699
$2,461
$6,699
$2,461
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
2021
+55
40
95
Franchised
2022
95
95
+20
2023
95
135
+20
2021
1
1
+20
Company-owned
2022
1
4
+3
2023
4
4
0
2021
21
96
+55
2022
96
119
+23
2023
119
139
+20
Total Outlets
-
-
-
-
-
-
-
-
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
6,47%
10 Year Cumulative Defaults
14,29%
3 Year Predicted Default Rate
8,11%
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Historical financial performance representations
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.