
Two Men and a Truck
Moving, storage, and junk removal services- 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.
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.
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.
Company Overview
About Two Men and a Truck
- Industry
- Services (Other)
- Related Categories
- Moving/Junk-Removal Services
- Founded
- 1985
- Parent Company
- ServiceMaster Brands
- Leadership
- Randy Shacka, President
- Corporate Address
-
3400 Belle Chase Wy.
Lansing, MI 48911
Business Overview
- Franchising Since
- 1989 (2023-1989 years)
- # of employees at HQ
- 180
- 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
Information Circle - $30,000 - $85,000
-
Initial Investment
Information Circle - $105,500 - $435,600
-
Net Worth Requirement
Information Circle - $150,000 - $400,000
-
Cash Requirement
Information Circle - $80,000 - $150,000
-
Veteran Incentives
Information Circle - 10% off franchise fee
-
Royalty Fee
Information Circle - 6%
-
Ad Royalty Fee
Information Circle - 1%
-
Term of Agreement
Information Circle - 5 years
- Is franchise term renewable?
- Yes
Financing Options
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
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
-
Can this franchise be run from home/mobile unit?
Information Circle - No
-
Can this franchise be run part time?
Information Circle - No
- # of employees required to run
- 4-12
-
Are exclusive territories available?
Information Circle - Yes
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.
Additional Rankings
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.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Two Men and a Truck.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
What Makes Scenthound a Top New & Emerging Franchise
Focusing on out what dogs and their owners actually need helped Scenthound CEO Tim Vogelcreate a successful franchise system.
How to Harness the Power and Money of a Crowd Through Crowdfunding
You don't have to be rich, succumb to ever-growing interest rates, run the risk of your bank collapsing or use your house as collateral to build a franchise. All you have to do is find the right crowd.
Woman Ties the Knot at White Castle Almost 30 Years After the Chain Gave Her Free Food as a Homeless Teen
Jamie West was just 12 years old when she ran away from the foster care system.
Franchise Ownership Made Easy: Best Practices for Managing and Growing Your Business
Using these tips, you can maximize the benefits of franchise ownership and take your business to the next level.
Florida Burger King to Pay $8 Million to Customer Who Slipped and Fell in Restaurant Bathroom
The case marks one of the largest slip-and-fall verdicts in Florida's history.
6 Things to Consider When Getting Out of a Franchise Agreement
Want to get out of your franchise agreement? Here are six things to consider