In order for the TWO MEN AND A TRUCK® brand to continue reaching new heights, a financially sound franchising model is required, allowing success for our franchisees and their teams to be obtainable and sustainable.
We’re proud of the wide range of successful franchisees who have joined us throughout the years from a variety of backgrounds. Like any business, one of the most important details they dive into before franchising with us is if their investment will be worth it.
Financial planning is critical for any business journey, and franchising is no different. We encourage all potential franchisees to do their due diligence as they inquire about the franchising journey with us., We also do our best to offer helpful resources and answer questions they might have along the way. From the initial franchise startup costs to purchasing trucks and equipment, building your team, and finding an office – there can be quite a bit of research involved.
Our TWO MEN AND A TRUCK Home Office support teams are valuable resources during this process, and they’re here to help you every step of the way. Below, we’ve included a few of the most common financial planning questions we get from potential franchisees and hope it helps you understand what goes into becoming your own TWO MEN AND A TRUCK franchisee.
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.
We also offer our mini-market plan, which allows for franchise ownership in areas with a smaller population. Learn more here.
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.