Two Men and a Truck

What is involved in starting a Two Men and a Truck franchise?

There are specific requirements a franchisee has to meet to be allowed to open a Two Men and a Truck franchise.

Initial investment

• To start a Two Men and a Truck franchise, the initial investment is approximately $231,000 to $404,500, which includes the franchise fee, working capital and the initial truck payments.
• The initial franchise fee is $50,000 for every new territory and $85,000 for every territory that has previously had a Two Men and a Truck business presence.
• New franchisees require roughly $50,000 to $75,000 in working capital which is essential to financially support the business while it is starting.
• The moving trucks and service vehicles needed for this business opportunity are typically leased or financed, and these payments are already included in the initial investment. A franchisee usually starts their moving franchise with two moving trucks, a junk removal truck and a customer service van.

Net worth

To qualify, the franchise agreement states that franchise owners require a minimum net worth of $500,000 to support the leasing and financing of the necessary equipment. These requirements can be reduced if a guarantor with liquid capital backs the individual.

Office

Typically, each franchise has a home office located in an industrial or commercial area with adequate parking and storage available. This becomes the sales and marketing headquarters and provides storage for all the required packing and moving supplies.

Employees

When a Two Men and a Truck franchise opportunity is started, they may employ roughly seven employees, including:

• One customer service representative (in charge of office administration, the company’s training program, social media presence and phone estimates).
• Three drivers (in charge of packing services, short and long-distance driving and loading).
• Three movers (in charge of loading and packing).

Related: What You Need To Know Before Starting A Franchise Business | Entrepreneur

What revenue streams are included with the franchise?

When you open a Two Men and a Truck franchise, it comes with multiple revenue streams to aid your success.

This franchise opportunity offers an array of services such as home and business moving, on-site and mobile storage options, long-distance moving, junk removal, packing and supplies and delivery services.

Home moving

The service that founded Two Men and a Truck and solidified them in the moving industry.

Whether the move is from an apartment, condo, attached or detached house, or even a long-distance move, they are equipped to do it all. They have earned a 96% customer referral rating which helps keep the company busy and going strong.

Business moving

Moving people forward in life and work is nothing new to Two Men and a Truck. Along with home moving, they also offer business moving services.

Whether a company is moving floors or moving to a completely different location, businesses trust them to do the job correctly. There are also after-hours and weekend moving options to help eliminate interruptions and minimize downtime for the company.

Storage options

With on-site and mobile storage options available, there is a storage option to fit every customer's need. The on-site facilities offer a climate-controlled environment and can help eliminate the customer's need to pay for a separate storage facility.

Their mobile storage services offer an affordable solution that can be brought directly to the customer for convenience.

Long-distance moving

Undoubtedly, one of the most stressful life events a person can go through is a long-distance move.

Two Men and a Truck offer a Value Flex program for customers on a budget with a flexible delivery timeline. This service provides lower costs when customers want to move anywhere nationwide.

Junk removal services

A relatively new service, the company is now also offering junk removal services. This includes removing furniture and home renovation materials, garage cleaning, estate cleaning and business cleaning.

Packing services and supplies

For the customer that wants an entirely hands-off moving experience, Two Men and a Truck also offers packing and unpacking services.

These services are charged by the hour, and each franchise carries all the necessary packing supplies available at their home office for customers to order and purchase.

Delivery services

Two Men and a Truck also offers delivery services. Customers who have purchased large items, such as furniture or appliances, can schedule to have them picked up and delivered directly to their homes.

Related: Why Diversifying Business Revenue Streams Is Crucial To Your Success (And How To Do It) | Entrepreneur

What training is included once a franchise has been purchased?

When you open a Two Men and a Truck franchise, you are not left alone to sink or swim.

With a Canadian Home Office in Toronto and more than 180 individuals at the Support Centre in Lansing, MI, you have access to support regarding every aspect of the business.

The franchisee-franchisor partnership that is established has led to Two Men and a Truck winning both the Award of Excellence and Franchisee’s Choice Awards for 12 years in a row in Canada.

To aid in training, there are several different training options available. An annual company meeting and awards gala, classroom-style training classes, online training programs and real-time webinar options are available.

Also, when a franchise opens, there is a week-long class called Gearing Up where the new franchisee learns all the business's ins and outs and tips for success.

Support teams are also in place to help with any sales, marketing, bookkeeping, human resources and IT questions that might arise.

Related: Basic Training | Franchise Training Program | Entrepreneur.com

Is there the option of owning multiple franchise locations?

Every franchisee has a different story. Some franchise owners come from the medical or legal profession. Some are accountants, investors, or business professionals looking to branch out.

Out of these franchise owners:

• 53% own one franchise.
• 20% own two franchises.
• 26% own three or more franchises.

There is the opportunity to grow and diversify your franchise experience with multi-unit franchisees bringing in annual gross sales of up to $14.3 million. On top of this, franchises also maintain a 15% average annual profit.

Related: Be a Franchise Mogul | Multiple Franchises | Entrepreneur.com

What do customers and franchise owners have to say?

A business can either succeed or crumble based on customer reviews. With approximately 900 franchise business reviews and a rating of 9.1 out of 10 on HomeStars, Two Men and a Truck stands by its core values and provides exceptional customer service.

These reviews show that when you open a Two Men and a Truck franchise, you are backed by the experience and knowledge of a company that has been around and thriving for decades.

With an expansive list of services, numerous positive customer and franchisee reviews and locations worldwide, it is no wonder that Two Men and a Truck has grown from a two-person operation to a successful, award-winning international company.

If you want to expand into the franchise world, then Two Men and a Truck is a franchise opportunity you need to consider.

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