In lieu of change, new beginnings and a new year, perhaps becoming a franchisee is in your future. Franchising is a growth business model filled with immense opportunity for you!
According to Small Business Trends, “Its popularity has to do with its proven track record of success, more people want to own their own business and the relative ease in which people can become franchise business owners.”
These attributes, among many others, have contributed to TWO MEN AND A TRUCK®‘s record number of expansions in the past two years in addition to more than 60 months of consecutive growth for the system.
First things first! You need to fully understand franchising and what it means. Become familiar with franchising terms, the business model, success stories, expectations, and what becoming a franchisee entails. If you want to be successful, put in the time to learn what you’re getting into. It is a partnership model, and you want to understand the role you would have as a franchisee.
Do your homework
Conduct research. It’s imperative to understand brand expectations, capability, support, and success. When you decide what concept you want to franchise with, really get to know that brand and understand how they operate and drive revenue. Of course, not all brands are the same. Look at the sustainability of the model, the track record of success, the resolution, talk with other franchisees, and look at the support and capabilities of the franchisor. Additionally, look even beyond the numbers and model to understand some of the attributes that make the brand special such as their impact on communities, charities, etc.
Assess your needs
Develop a comprehensive business plan. When creating your businesses plan, determine timelines, budgets, organizational charts, and a competitive analysis, and include in-depth details. Lastly, understand your capital needs to launch and grow this exciting new venture.
Love what you do
Make sure you love the opportunity for your brand. If you don’t like what you’re going to do, you won’t be happy or successful.
As David Frost said, “don’t aim for success if you want it; just do what you love and believe in, and it will come naturally.”
Beyond our impact to serve customers daily, at TWO MEN AND A TRUCK® we love to serve our communities and this impact changes people’s lives in unique ways.
Evaluate your opportunities
Identify unique business or personal opportunities the franchisee system could provide you and in addition to other added benefits. Are there opportunities for growth or expansion? Is this a model that supports your personal needs over the long term? Do your values truly align with the core values of the brand? Also, is there alignment with the partnership expectations and the dynamics of the established franchisor-franchisee relationship?
Look at trends
Inspect the overall health and trends of the brand. It’s not wise to invest in a business that is only a fad. Ask yourself if that business will be around in five, 10, or even 15 years. Learn about the history of success of the metrics at all levels and all states/locations. Compare how different franchises operate by speaking to existing franchisees and pick a great franchise model that fits what you believe in.
Franchise with TWO MEN AND A TRUCK®
Has TWO MEN AND A TRUCK® captured your interest? The TWO MEN AND A TRUCK® franchise system is the largest, fastest growing franchise brand with an integrated way to run a moving franchise. We are constantly investing millions annually to improve our operating system. With a proven track record of growth and the highest customer service referral rate in the industry, we are posed for even more success in the coming years. We are setting records at all levels and whether you are an accountant, insurance agent, doctor, or CEO, we have the system and results for those looking to invest and own their own business.
It’s important to understand TWO MEN AND A TRUCK® views their franchisees as long-term partners. The partnership is between the franchisee and Home Office to strengthen the brand and its success. The partnership between franchisees and Home Office requires a large amount of communication and engagement. We work daily to move our franchisees, customers, and communities forward.
Visit our website for more exciting information on TWO MEN AND A TRUCK® and our franchising model. You can also download the following documents, here, which is your first step in becoming a TWO MEN AND A TRUCK® franchisee.
- Item 19 Document – The Item 19 document is a public document that discloses franchise financial information.
- 12 Week Timeline to Opening – An easy timeline of requirements you need from 12 weeks out to opening day.
- Investment Requirements Document – A single page document detailing the investment range you can expect.