Behind every great franchising brand is a unique, detailed, and financially sound franchising system which encourages sustainable profit and growth for the franchisees.
At TWO MEN AND A TRUCK®, we’ve worked diligently to build a franchising model which is both exciting and dependable for new franchisees. Since the company’s very early days, as we began to add on our first franchises outside of Lansing, Mich., in the late 1980s and early 1990s, we’ve looked to partner with new franchisees who share a passion for delivering the highest levels of customer service in the moving industry and who love giving back to their employees and their communities. We feel these are the driving forces behind our brand, and it has helped us expand to 46 states and four different countries.
For any potential franchisee looking to join a franchising brand – not just with TWO MEN AND A TRUCK – the most important step is figuring out the details of your investment. Doing detailed research of what you’re buying into, working with the franchise development teams for a brand to ask important questions, and speaking with other franchisees within a system are all crucial steps in determining if your investment is a good fit.
From the moment we begin speaking with potential franchisees, our Home Office support teams encourage all of the above and work to serve as a valuable resource. Whether it’s figuring out initial startup costs, purchasing trucks and equipment, building out a franchise team, or finding an office location – there are a lot of question involved with franchising, and we’re here to help.
Below are some of the most important questions our franchise development teams go over with potential franchisees before they sign any agreements so they know exactly what they’re getting into.
How much money is needed to open a TWO MEN AND A TRUCK franchise?
On average, the initial investment required for our standard franchise market start-up costs runs between $179,000 and $585,000 depending on a wide range of variables including authority fees and the amount of trucks you purchased. The capital required for a standard market 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 are required to open a franchise?
Based on our numbers, the average TWO MEN AND A TRUCK franchise is usually running somewhere around 12 trucks at any given time. We require new franchises to have at least two trucks in operation at opening. Adding new trucks increases your capacity and increases your ability to serve more customers.
What is the best type of market for me?
Multiple factors can go into this, as we offer a variety of different options for new franchisees. Markets differ in both size and demographics, and the decision to open in an existing market or start in a new territory is generally based on the cost and personal preference of the new franchisee.
Also, we offer our mini-market territories which allows for franchise openings in areas with a smaller population. You can learn more about this plan, here.
What is the best time on the calendar to open a new franchise?
There is no right or wrong time to open a new franchise with us. Moving is constant, but a majority of our business happens during the summer months in the year. There are advantages and disadvantages of any season from an operations and finance perspective, but it generally boils down to what fits your personal plan.
How quickly can I expect 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.