What to expect when starting your own business versus joining an established franchise brand

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Becoming a business owner is a dream many have as they look to establish themselves as professionals at the beginning of their working careers.

However, deciding how to get there is a complicated process and involves a lot of planning and decision making as you figure out how to invest your money. While the traditional route is starting your own business, franchising is another avenue to business ownership that could be strongly considered for those looking to be their own boss.

When it comes to starting your own business, you have to come up with an idea from scratch, build a product and following, and continue to innovate as you expand your business reach and customer network. With franchising, you are buying into a proven model of success where brand recognition is already prevalent as you open a new chapter of a business people already trust.

TWO MEN AND A TRUCK has allowed people to achieve their dream of business ownership for more than 35 years, and in turn, has built a diverse franchisee network full of experienced, hardworking individuals who come from all backgrounds.

“I became a franchisee for TWO MEN AND A TRUCK in December of 2014,” said Curtis Newman, who is a multi-unit franchisee with locations in Kansas, Missouri, New Mexico, and Texas. “The process was very detailed and organized in the months leading up to everything. We were fortunate enough to be able to speak with the Home Office First Gear Team on a weekly basis, and they made sure we had everything in order to be successful.”

The TWO MEN AND A TRUCK brand is now open in 45 states across America – as well as Canada, Ireland, and the United Kingdom – and we’re looking to continue our expansion in these areas as time goes on. For three decades now, we’ve made a mark on the moving industry as being a reputable moving service with outstanding customer service.

It’s a brand people can trust, and that trust makes franchising an exciting opportunity for potential franchisees who are interested in joining the brand.

“I love being my own boss and being hands-on,” said Jim Frederickson, a multi-unit franchisee with locations in Arizona. “Having my own company in my hometown and providing a quality service to my network of friends, relatives, coworkers, classmates, and so on is just an awesome experience. I still say today that my mom is my biggest referral source.”

Dedicated support

A major selling point of the TWO MEN AND A TRUCK franchising experience is the support you get from our dedicated Home Office subject matter expert teams. All areas of business are covered here – marketing, sales, accounting, human resources, operations, risk and safety management, and more – to ensure your franchise is successful.

Working together with these Home Office teams, you’ll develop the best plans for your business while also gaining access to daily support and communication should you have questions.

Training

We are strong believers in extensive and ongoing training for everyone involved with TWO MEN AND A TRUCK so we can continue to improve at every level. From the moment you sign on as a franchisee with our brand, you are given access to a large resource of training options.

From our Gearing Up course for new franchisees to monthly webinars and our Stickmen University library, you’ll have every topic of the franchising world covered.

Growing service options

In order to have a successful franchise, you need successful service options, and that’s exactly what we have here at TWO MEN AND A TRUCK. We’ve continued to evolve over the years from just local, home movers, and we now offer business moving, long-distance moving, storage options, packing options, and our newest service – junk removal.

These will help you become a one-stop-shop for all moving needs for your customers.

If you would like to learn more about franchising opportunities within TWO MEN AND A TRUCK or you’re interested in getting the process rolling to start your own, 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.

Five things to consider when reviewing a franchising agreement

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Making the investment into a franchising business can be a thrilling time, as you’re buying into a brand with a proven business model and giving yourself a chance at business ownership within this framework.

Instead of starting from scratch with your own idea, you buy into an established brand where people recognize the name as you work to grow your operation in a new area. Like any business venture, it’s important to do extensive research and have a complete understanding of what your investment is going toward.

At TWO MEN AND A TRUCK, tour goal is to be as open and honest with potential franchisees about what they are buying into so there aren’t any surprises or questions after they’ve opened. Whether you are thinking of franchising with us or you’re buying into a different franchising model, there are some important questions you should ask when reviewing a franchising agreement.

1. What fees will I be charged?

This is a crucial question to ask right out of the gate, as it’s important to know what you’re getting. In franchising, some of the common fees you will see include the initial franchise fee, a transfer fee, a renewal fee, advertising fees, royalties, technology fees, and training fees. In some instances, a franchise may be required to use certain vendors with their own expenses. Make sure to review all of these details when making your financial projections.

2. How long does the agreement last, and what are the terms of renewal?

More often than not, franchise terms generally fall within the range of five to 20 year category. Make sure to verify with your franchisor that the agreement is long enough to cover your initial investment.

3. Is the agreement one-sided?

Often times, franchise agreements can contain provisions which on the surface, can seem to favor the franchisor, such as the ability of the franchisor to make enforceable changes to policies at any time. By investing in a franchise, the brand is your most valuable asset. You do not want the hard work you have put into your franchise to be undermined by the actions or inactions of a fellow franchisee. Franchise agreements must be strong to protect your investment.

4. Do I have the exclusive rights to the location I am purchasing?

Make sure you know what your investment is getting you – there are a variety of ways that a company can divide franchise territories, and territories aren’t always exclusive.

5. Is the franchise agreement negotiable?

If you research and find out that your agreement is negotiable, it should raise concerns. It is important to make sure your franchise agreement is uniform because this ensures that you and your fellow franchisees are operating under the same terms. This also guarantees the brand you invest in will retain its quality and value.

If you’d like to learn more about what franchising with TWO MEN AND A TRUCK is like, check out the video below!

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.