We’ve worked hard at TWO MEN AND A TRUCK® to build a franchising model that is setup for success, and above all, we want to ensure your financial investment is worth it.
But what exactly goes into financial planning when franchising with TWO MEN AND A TRUCK? Your money will go into startup costs for your franchises, the purchasing of trucks, finding the right location for you, and putting together a moving team and office staff to help move your customers forward. Our franchise development and Home Office support teams are here to help you every step of the way, and we’ll be able to answer any questions you have from the minute you initiate contact about starting a franchise until the day you open your doors.
Here are some commonly asked financial planning questions we get asked by potential franchisees to help you understand some of what goes into starting your very own TWO MEN AND A TRUCK franchise.
How much do I need to open a franchise?
The initial investment for our standard marketing start-up costs run between $179,000 and $585,000, depending on a number of variables that range from authority fees to store location and the amount of trucks you purchase. The capital required for our standard markets is $150,000 in liquid assets and $400,000 in net worth.
For our mini market franchise locations, start-up costs usually run between $100,000 and $192,000. Mini markets require $80,000 in liquid assets and $160,000 in net worth.
How many trucks do I need to open with?
The average TWO MEN AND A TRUCK franchise has more than 12 trucks running, so we require a new franchise to have two trucks in operation upon opening. Adding trucks increases capacity and will help grow your franchise location.
What is the best time of year to open a franchise?
There is no “right” or “wrong” answer to this question – the moving industry is a cyclical business, and a large amount of business happens during the summer months of the year. There are advantages and disadvantages to any season from an operational and financial perspective.
What is the best market type for me?
We offer a variety of franchise ownership options, and our market areas range in both size and demographics. The decision to either open in an existing market or start in your own market is generally based on the cost and personal preference of the buyer.
How soon can I expect a return on my investment?
According to our franchising data, franchises that had been open for 12 months of operation saw an average gross sales of $682,402, while average annual expenses totaled $655,259. By year three of operations, a majority of our franchise were able to experience significant growth, with an average gross sales of $1,176,579 and an average annual expense total of $951,321.
By year five of operation, the average annual gross sales were $2.2 million with an average profit of 11 percent, showing just how quickly you can start to see a return on that investment.
To learn more about franchising with TWO MEN AND A TRUCK and to find out how you can start your own franchising story today, visit our franchise development website, here!
TWO MEN AND A TRUCK® is the first and largest franchised moving company in the United States. Let us help move you forward! For more helpful tips and information on moving services subscribe to our blog and like us on Facebook.