Franchising can be a very profitable and rewarding business investment, providing you with the benefits of being your own boss while saving you the stress of starting from scratch.
Instead of building a new idea from the ground up, you’ll see the benefits of investing into an established name, a proven method of operational processes, and the opportunity to tap into a network of business support you wouldn’t get as an independent business owner. With all of this in mind, it’s no wonder so many people look to franchising as a path to business ownership!
If you’re thinking of joining a franchise and want to learn more, here are some common requirements and recommendations to help you make your decision.
Is it good to join a franchise?
Joining a franchise can be profitable and has the potential for serious growth! For a brand like TWO MEN AND A TRUCK®, 94% of franchisees said they would re-invest with the brand again if given the opportunity.
Many TWO MEN AND A TRUCK franchisees have gone on to open multiple locations and due to the brand reputation and diversified revenue streams offered, they’re able to continue expanding their territories and creating a bigger business footprint.
What are a few benefits of joining a franchise?
As mentioned above, the biggest benefit of franchising is being able to buy into a proven business model vs. building an idea from scratch. Starting something from the ground up can be stressful and full of hurdles as you work to attract new customers, market the new brand in your area, and determine the operational side of the business.
When joining a franchise, many of these things are already established. At TWO MEN AND A TRUCK, our logo is recognizable all across the country and people know us as a name they can trust in the moving industry. This brand awareness goes a long way when opening your first franchise and can get customers in the door faster.
What do I need to join a franchise?
Each franchise brand has a different set of startup costs and requirements, and you can learn about each of these by talking with the brand’s franchise development representatives.
At TWO MEN AND A TRUCK, you need your initial franchisee fees to open your location, a dedicated office, a minimum of $8,000 invested into moving equipment, and two trucks in operation on the first day. You can learn more about these requirements, here.
What else should I know before starting a franchise?
All franchise brands have different requirements and nuances, and it’s important to figure out how you align with their mission and core values before investing. TWO MEN AND A TRUCK is committed to being as transparent as possible with potential franchisees, and things like our Discovery Day events can help investors learn more about the brand,, talk to team members at the Michigan Support Center who support the franchise network, and chat with existing franchisees firsthand to get a better idea of what franchising is like with TWO MEN AND A TRUCK.
To learn more about franchising with a brand like TWO MEN AND A TRUCK, click here!
