
Metropolitan Movers
Residential/commercial moving services- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$53K - $250K
- Units as of 2020
-
16 20% over 3 years
Company Overview
About Metropolitan Movers
- Industry
- Services (Other)
- Related Categories
- Moving/Junk-Removal Services
- Founded
- 2010
- Parent Company
- Metropolitan Movers Inc.
- Leadership
- Ilia Gerchikov, CEO
Franchising Overview
- Franchising Since
- 2013 (9 years)
- # of employees at HQ
- 12
- Where seeking
-
This company is seeking new franchisees worldwide.
- # of Units
- 16 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Metropolitan Movers 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
- $29,500 - $49,500
- Initial Investment
- $53,350 - $250,000
- Net Worth Requirement
- $100,000 - $1,000,000
- Cash Requirement
- $48,500 - $250,000
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 7.5%
- Ad Royalty Fee
- 3%
- Term of Agreement
- 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.
- In-House Financing
- Metropolitan Movers offers in-house financing to cover the following: franchise fee
- Third Party Financing
- Metropolitan Movers has relationships with third-party sources which offer financing to cover the following: 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.
- On-The-Job Training
- 20 hours
- Classroom Training
- 30 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineOnline SupportSecurity & Safety ProceduresField 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?
- No
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- No
- # of employees required to run
- 4-6
- Are exclusive territories available?
- Yes
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