- 2023 Franchise 500 Rank
#134 Ranked #111 last year
- Initial investment
$106K - $436K
- Units as of 2022
326 7.9% over 3 years
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.
- 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.
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.
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.
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.
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.
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.
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.
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.
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.
Check out Entrepreneur’s other articles for more information about Two Men and a Truck and other franchise opportunities.
About Two Men and a Truck
- Services (Other)
- Related Categories
- Moving/Junk-Removal Services
- Parent Company
- ServiceMaster Brands
- Randy Shacka, President
- Corporate Address
3400 Belle Chase Wy.
Lansing, MI 48911
- Franchising Since
- 1989 (2023-1989 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
- # of Units
- 326 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a Two Men and a Truck franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $30,000 - $85,000
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $105,500 - $435,600
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
- $150,000 - $400,000
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
- $80,000 - $150,000
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 10% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 5 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Two Men and a Truck has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 40 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Two Men and a Truck? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Two Men and a Truck landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where Two Men and a Truck ranked on other franchise lists? Find out below.
Ranked #1 in Moving/Junk-Removal Services in 2022
These are the companies that not only ranked in this year’s highly competitive Franchise 500, but ranked #1 in their respective industry categories.
Ranked #134 in 2023
Entrepreneur’s 44th annual Franchise 500® ranking shines a light on the unique challenges and changes that have shaped the franchise industry over the last year—and how franchisors have adapted and evolved to meet them.
Ranked #81 in 2023
If you're interested in an opportunity with international appeal, start your search with our ranking of the top franchises seeking to expand outside the U.S.
Ranked #20 in 2023
Buying a franchise on a budget? No problem. Here are the top franchises that can be started for less than $150,000. For more low-cost opportunities, see our lists of franchises that can be started for less than $50,000 and less than $100,000.
Ranked #75 in 2022
Our ranking of the top 150 franchises offering incentives and other programs to help veterans become franchisees.
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