Small Business Deal Advisors (“SBDA”) is pleased to announce the sale of College HUNKS Hauling Junk of Des Moines, IA to an individual investor.
College HUNKS Hauling Junk & Moving is a leading provider of junk hauling and moving services in the Des Moines Metro and surrounding areas. The seller, Derek Rutherford, purchased the franchise in 2018 with the intent to create a quick turnaround. He recognized the strong brand and high demand existing in the Des Moines market that has seen significant growth over the last several years. Having executed his plan, evidenced by 600%+ revenue growth, Mr. Rutherford engaged SBDA to find a suitable buyer for the business.
Derek Rutherford commented, “I am very pleased with how smoothly the sale went with Small Business Deal Advisors. SBDA’s marketing brought several highly qualified buyers and I really appreciated the guidance they provided. Doug Yntema helped successfully negotiate multiple offers, working closely with buyers and the corporate office to get the proper approvals. Thank you!”
College HUNKS Hauling Junk & Moving® is the nation’s fastest-growing moving and junk removal franchise. The business began in 2003 and began franchising in 2006. Since 2010, the franchise system has more than doubled in size and continues to grow nationwide with approximately 100 locations. The franchise has been able to rapidly grow by providing a complete, low-cost system that helps franchise owners win customers and generate outstanding word of mouth.
SBDA served as an M&A Advisor to College HUNKS Hauling Junk & Moving Des Moines. This included providing advisory expertise and managing the preparatory, marketing, due diligence, and negotiation phases of the transaction. Associate Doug Yntema served as Lead Advisor.
Terms of the transaction were not disclosed.