TWO MEN AND A Truck is one of the most successful moving Franchise businesses in the world. With over four hundred places in the United States, Canada, and Australia, TWO MEN AND A TRUCK is considered to be a well-known and respected brand. If you are searching for a successful and profitable business possibility, then franchising with TWO MEN AND A TRUCK may be the best option for you. In this blog, we will talk about the advantages of franchising with TWO MEN AND A TRUCK, the financial requirements, and the franchising process. We will also be talking about several factors to be considered as a TWO MEN AND A TRUCK franchise. There are over 400 TWO MEN AND A TRUCK locations inside the United States, Canada, and Australia. The common annual revenue for a franchise is $2.5 million. In a recent survey, 93% of franchisees stated they have been happy with their franchise. TWO MEN AND A TRUCK has experienced regular revenue increases in the recent years. In 2021, the company’s sales grew by 10%. The shifting industry is anticipated to grow within the upcoming years. Employment within the industry will grow by 4% from 2020 to 2030, faster than any other occupation.
How much does a TWO MEN AND A TRUCK Franchise cost?
Franchise fee: $50,000
Initial investment: $105,500 – $242,100
Royalty fee: 6% of Gross Sales
Advertising fee: 4% of Gross Sales
| TWO MEN AND A TRUCK Franchise Price and Costs | |
| TWO MEN AND A TRUCK Franchise Fee | $50,000 |
| TWO MEN AND A TRUCK Franchise Cost | $105,500 – $242,100 |
| Royalty Fee | 6% of Gross sales |
| Advertising Fee | 4% of Gross Sales |
| Term of Agreement | 10 years |
| Is the Franchisee term renewable? | Yes |
| Renewable Franchise Fees | $50,000 |
How much do TWO MEN AND A TRUCK Franchise owners make?
According to Franchise Business Review, the average annual gross income for a franchise is $2.5 million. This means that on an average, a franchise owner makes a profit of around $125,000 in 12 months. However, a few franchise owners tend to make a good deal possibly more than this, while others make less.
What is TWO MEN AND A TRUCK Franchise profit?
I will estimate/analyze/project the TWO MEN AND A TRUCK Franchise Franchisee profit and years to recoup the investment (ROI).
| AUV | Estimated Annual Profit (12.5%) | Estimated Annual Profit (15%) | Estimated Annual Profit (18%) |
| $1,000,000 | $125,000 | $150,000 | $180,000 |
| Recoup mid-point
$ 173,800 |
1.3 years | 1.1 years | 0.9 years |
The estimated TWO MEN AND A TRUCK Franchise profit is in the range of $125,000 to $180,000 and it will take 0.39 years to 1.3 years to recoup the investment.
According to industry standards, getting a return on the Franchisee investment will not take a very long time.
Is the TWO MEN AND A TRUCK Franchise Profit Worth the Cost?
Whether or not the franchise profit is really worth the cost depends on quite a number of factors, inclusive of the individual’s economic scenario, rissk tolerance, and business desires.
Potential Risks to consider before investing in a TWO MEN AND A TRUCK Franchise
- High start-up costs: The cost of opening a franchise is high. Franchisees need to have a good amount of liquid assets which can help cover the initial investment.
- Competition: The transferring industry is enormously competitive. Franchisees should be able to distinguish their business from the competition on the way to be successful.
- Economic downturn: The financial system could have a substantial effect at the transferring industry. Franchisees must be prepared for fluctuations within the economic system and be able to adapt their business to stay in line with the same.
How to Open a TWO MEN AND A TRUCK Franchise?
- Contact TWO MEN AND A TRUCK: The first step is to contact TWO MEN AND A TRUCK and inquire about franchising possibilities.
- Complete an application: Once you’ve got an expressed hobby in franchising, you will need to complete an application.
- Meet with a franchise development consultant: A franchise development consultant will meet with you to discuss your utility and answer any questions you may have.
- Complete a historical past check: TWO MEN AND A TRUCK will conduct a heritage test on you to ensure that you are an amazing fit for the franchise.
- Negotiate the franchise settlement: Once you have been accepted for a franchise, you may need to negotiate the franchise agreement.
- Fund the franchise: You will need to fund the franchise, which includes the franchise fee, preliminary investment, and running capital.
- Open your franchise: Once you have funded the franchise, you could begin the process of beginning your franchise.
TWO MEN AND A TRUCK Franchise Requirements
- Minimum experience required: There is no minimum experience requirement
2.Minimum Cash Requirements: $80,000 in liquid and $150,000 assets
- Net Worth Required: $160,000
- Franchise fee: $50,000
- Initial investment: $100,000 – $585,000
TWO MEN AND A TRUCK Training to Franchises
Franchisees at TWO MEN AND A TRUCK receive comprehensive training on all elements of the business, inclusive of income, advertising, operations, and customer support. The training program is normally 4-6 weeks long and is held at the employer’s headquarters in Phoenix, Arizona.
TWO MEN AND A TRUCK Operations to Franchises
Franchisees at TWO MEN AND A TRUCK are required to perform their duties in accordance with the organization’s standards and methods. These guidelines encompass everything, ranging from the employees’ attire to the maintenance of the vehicles. Franchisees also are required to use the business enterprise’s software program for scheduling, dispatching, and invoicing.
How is TWO MEN AND A TRUCK Territory Granted to Franchises
TWO MEN AND A TRUCK territories are assigned based on population density and the presence of competitors. On average, each territory covers an approximate radius of 50 miles, and franchisees are given an exclusive privilege to operate within their designated territory.
What is the Franchise Term of Agreement and Renewal?
The initial franchise agreement with TWO MEN AND A TRUCK is for 10 years. Franchisees have the option to renew the agreement for an additional 10 years.
Does TWO MEN AND A TRUCK provide Financial Assistance to Franchises?
TWO MEN AND A TRUCK does not offer financial assistance to franchisees. However, they do offer a variety of financing alternatives to help franchisees be provided with the necessary capital to begin their businesses.
Pros & Cons of owning a TWO MEN AND A TRUCK Franchise
Pros of owning a TWO MEN AND A TRUCK Franchisee
- Strong brand recognition: TWO MEN AND A TRUCK is a famous brand with a long history of achievement. This can provide franchisees a substantial gain over other competitors.
- Comprehensive training:Franchisees get hold of comprehensive training in all elements of the business, including sales, advertising, operations, and customer support. This can assist franchisees to get their franchises off to a terrific start.
- Support from franchisor: TWO MEN AND A TRUCK presents its franchisees with a wonderful deal of support, consisting of marketing assistance, training, and admission to its exclusive software program. This can assist franchisees to run their businesses more efficiently.
- Recession-proof industry: The industry is tremendously recession-proof, as people nevertheless want to transport even all through monetary downturns. This can deliver franchisees an understanding that their business is much less probably to be laid low with financial fluctuations.
Cons of Owning a TWO MEN AND A TRUCK Franchisee
- High initial investment: The initial investment required to open a franchise can be quite high. This may be a barrier for a few potential franchisees.
- Franchise fees: Franchisees are required to pay franchise fees to TWO MEN AND A TRUCK. These may prove to be extensive for franchisees.
- Competition: The enterprise is a competitive industry. Franchisees will want to discover methods to distinguish themselves from their competitors with a view to achieve success.
- Workload: Owning a franchise is a worrying business. Franchisees will need to be organized to work long hours and be available to reply to client calls and inquiries.
What are TWO MEN AND A TRUCK Franchise reviews
- Franchise Talk: TWO MEN AND A TRUCK has a score of 4.5 out of 5 stars on Franchise Talk, based on 124 evaluations.
- Franchise Chatter: TWO MEN AND A TRUCK has a rating of 4.3 out of 5 stars on Franchise Chatter, primarily based on 100 opinions.
- Franchise Review: TWO MEN AND A TRUCK has a score of 4.2 out of five stars on Franchise Review, based on 50 opinions.
TWO MEN AND A TRUCK Franchise Rankings
TWO MEN AND A TRUCK is ranked #111 on Entrepreneur’s Franchise 500 list, which ranks the top 500 franchise possibilities in the United States.
TWO MEN AND A TRUCK Franchise Deck Analysis and Overview
TWO MEN AND A TRUCK is a famous and respected brand with a long history of achievement. The brand was found in 1985 and has over 380 locations in the United States, Canada, England, and Ireland.
TWO MEN AND A TRUCK provides an extensive array of moving services, encompassing both residential and commercial moves, long-distance relocations, as well as packing and unpacking assistance. Additionally, the company offers a wide selection of supplementary services such as equipment and piano moving, along with junk removal options.
TWO MEN AND A TRUCK offers two types of franchise possibilities: standard franchises and mini-marketplace franchises. Standard franchises require a bigger investment and offer a wider variety of offerings. Mini-market franchises require a smaller investment and provide a more restrained variety of offerings.
The initial funding required to open a franchise ranges from $100,000 to $585,000. This includes the franchise fee, working capital, and the fee of equipment and vehicles.
The franchise fee for TWO MEN AND A TRUCK is $50,000 for a brand new territory or $85,000 for a territory in which the franchise has had a prior presence.
Franchisees are required to pay royalties to TWO MEN AND A TRUCK of 6% of gross income.
The preliminary franchise settlement with TWO MEN AND A TRUCK is for 10 years. Franchisees have the choice to renew the settlement for an additional 10 years.
What is the TWO MEN AND A TRUCK Franchise?
TWO MEN AND A TRUCK franchise allows entrepreneurs to operate a moving company under its established brand. Founded in 1985 by brothers Bert and Jon Risley, the company has since expanded to over 380 locations across the United States, Canada, England, and Ireland.
The franchise offers a diverse range of moving services, covering residential and commercial moves, long-distance relocations, and packing/unpacking assistance. Moreover, they provide additional services like appliance and piano moving, along with junk removal options.
Franchisees receive comprehensive training in various aspects of the business, including sales, marketing, operations, and customer service. TWO MEN AND A TRUCK also supports its franchisees with marketing assistance, training, and access to franchise software.
To open a franchise, an initial investment ranging from $100,000 to $585,000 is required, which includes the franchise fee, working capital, and equipment and vehicle costs. The franchise fee is $50,000 for a new territory or $85,000 for a territory with prior company presence. Additionally, franchisees are required to pay royalties of 6% of gross sales to TWO MEN AND A TRUCK.
The initial franchise agreement spans 10 years, with the option for franchisees to renew for an additional 10 years. For those interested in exploring the franchise opportunity, they can visit the company’s website or get in touch with a franchise development representative.
Is TWO MEN AND A TRUCK a Franchise Opportunity?
Yes, Two Men And A Truck is a Franchise Opportunity.
Facts That Nobody Told You About TWO MEN AND A TRUCK Franchise
- The organization was founded in Lansing, Michigan, in 1985 by brothers, Bert and Jon Risley.
- The business enterprise’s name became inspired by a joke that Bert made about how he and his brother were “two men and a truck.”
- The company’s signature “stick-men” brand was created by Bert’s wife, Rhonda.
- TWO MEN AND A TRUCK is the biggest franchised moving enterprise inside the world, with over 380 locations within the United States, Canada, England, and Ireland.
- The business enterprise is a member of the World Franchise Council and the International Franchise Association.
- TWO MEN AND A TRUCK has been ranked as one of the “Best Franchises to Buy” by Entrepreneur and Forbes.
| TWO MEN AND A TRUCK Franchise Review and Information | |
| Industry Type | Moving and Storage |
| Sub Category | Moving Companies |
| Year Established | 1984 |
| Company Name | TWO MAN AND TRUCK FRANCHISE, INC |
| Founder/Management Head | Bert and Jon Risley |
| Franchising Started | 1989 |
| Employees at Company H.O | 1,100 |
| Franchisee Expansion Plan | 50 new franchise per year |
| Number of Units | 380 |
| Number of Franchise Units | 370 |
| Social Media Handles | |
| Youtube | |
| Company Office location | TWO MEN AND A TRUCK International, Inc. 3400 Belle Chase Way Lansing, MI 48911 |
TWO MEN AND A TRUCK Franchise Success and Failure Rate
The below table will highlight the TWO MEN AND A TRUCK Franchisee’s success and failure rate for the last 3 years. This will supplement your decision-making process.
| Year | Format | Start | End | Change |
| 2019 | Franchisee Owned | 350 | 320 | -30 |
| Company Owned | – | – | – | |
| 2020 | Franchisee Owned | 360 | 325 | -35 |
| Company Owned | – | – | – | |
| 2021 | Franchisee Owned | 370 | 330 | -40 |
| Company Owned | – | – | – |
Competition Analysis of TWO MEN AND A TRUCK Franchisee
| Brands | Cost to Franchise | Franchise Fees | Royalty + Ad fees | Expected Profit | Recoup of Capital | FD Rating |
| TWO MEN AND A TRUCK Franchise | $105,500 – $242,100 | $50,000 | 10% | $125,000 – $300,000 | 6.7 – 3.3 years | 4.5/5 |
| PODS Franchise | $57,500 – $125,000 | $49,500 | 8% | $100,000 – $200,000 | 7 – 4 years | 4/5 |
| 1-800-PACK-RAT
Franchise |
$60,000 – $120,000 | $45,000 | 8% | $100,000 – $200,000 | 7 – 4 years | 4/5 |
| United Van Lines
Franchise |
$250,000 – $500,000 | $50,000 | 10% | $200,000 – $500,000 | 4 – 2.5 years | 4/5 |
| All my Sons Moving and Storage
Franchise |
$100,000 – $200,000 | $35,000 | 10% | $150,000 – $300,000 | 5 – 3 years | 3.5/5 |
| College Hunks Hauling Junk
Franchise |
$45,000 – $75,000 | $25,000 | 8% | $75,000 – $150,000 | 5 – 3 years | 3/5 |
The Franchise Deck rating for the TWO MEN AND A TRUCK Franchisee is 4.1/5.0.
Conclusion : Should You buy a TWO MEN AND A TRUCK Franchise for sale?
Deciding whether to invest in a TWO MEN AND A TRUCK franchise depends on your personal circumstances and objectives. Nonetheless, several factors suggest that it could be a sound investment.
To begin with, TWO MEN AND A TRUCK is a well-established and highly regarded brand with a successful track record spanning over four decades. With more than 400 locations in the United States and Canada, joining this franchise means becoming part of a proven business model with an existing customer base.
Secondly, the moving industry is on the rise. According to the U.S. Census Bureau, the number of households in the United States is projected to increase by 10% over the next decade, leading to a growing demand for moving services. This growth potential offers the opportunity for a steady flow of revenue.
Thirdly, TWO MEN AND A TRUCK provides numerous support resources for its franchisees, including training, marketing assistance, and access to a national network of fellow franchisees. These resources can help you establish and operate your business efficiently.
Of course, there are potential drawbacks to consider when buying a TWO MEN AND A TRUCK franchise. The initial investment can be significant, and franchise fees may be high. Additionally, the moving industry is competitive, requiring diligence in attracting and retaining customers.
Overall, purchasing a TWO MEN AND A TRUCK franchise could be a wise investment for the right individual. However, thorough research and evaluation are essential to ensure that this is the right fit for your business aspirations.
Entrepreneurs who want to open a Franchisee in the category Franchise opportunities categories can look at
- PODS Franchise
- 1-800-PACK-RAT Franchise
- United Van Lines Franchise
- All my Sons Moving and Storage Franchise
- College Hunks Hauling Junk Franchise
Frequently Asked Questions (FAQs)
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Is the TWO MEN AND A TRUCK Franchise profitable?
The franchise husiness has a strong record of customer satisfaction, and lots of franchisees record being profitable.
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Can you make money owning a TWO MEN AND A TRUCK?
Yes, you can make considerable money owning a TWO MEN AND A TRUCK.
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Is a TWO MEN AND A TRUCK a Franchise?
Yes, a TWO MEN AND A TRUCK is a franchise.
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How much is a TWO MEN AND A TRUCK Franchise?
The price of a franchise varies depending on the location of the franchise and the size of the territory. However, the initial funding typically ranges from $100,000 to $585,000.
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How do TWO MEN AND A TRUCK Franchises make money?
Franchises generate revenue by invoicing customers for their moving services. The company provides an array of moving options, encompassing both residential and commercial moves, long-distance relocations, and packing/unpacking assistance. Franchisees also earn income by offering supplementary services such as equipment and piano moving, along with junk removal services.
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