Franchising is an alternative route to business ownership that helps you skip the steps of starting a business from scratch, but still allows you to experience the benefits of business ownership.
One area which remains sustainable, with continuous growth and diversification of services, is franchising within the moving industry. There are many franchised brands to invest with in the moving space, and figuring out which one is the best fit for you personally can go a long way in determining the success you’ll have as a franchisee. Two very popular franchising are Penske and TWO MEN AND A TRUCK®.
For those thinking about investing in a Penske franchise or considering looking into TWO MEN AND A TRUCK, you’re probably wondering which one is a good investment, what the rundown of start-up costs are, and what types of benefits and resources are available to franchisees. A Penske rental agent has several differences from a TWO MEN AND A TRUCK moving and storage franchise and knowing how each operates can make your choice a bit easier.
Side-by-side comparison of a Penske Truck Franchise vs. TWO MEN AND A TRUCK
TWO MEN AND A TRUCK
- Franchise Fee: $30,000-$85,000
- Total Initial Investment: $105,500-$435,600
- Royalty Fee: 6% of gross sales
- Ad Royalty Fees: 1% of gross sales
Penske
- Franchise Fee: Penske does not offer franchises for sale
- Total initial investment: Minimal
- Royalty Fee: $0
Brand Overview
TWO MEN AND A TRUCK is a franchised moving operation offering local moving, long-distance moving, packing and unpacking services, storage, commercial moving, and many specialty moving services to meet all moving needs for a customer.
Penske is a full-service leasing, fleet maintenance, truck rental, and used truck business. Instead of providing moving services for people, you’re providing them with just the trucks to do the moving aspect on their own.
Training and Support
TWO MEN AND A TRUCK offers extensive training and support for new and existing franchisees, totally nearly 64 hours in the initial training period to help new franchisees learn every aspect of the business and operations. Franchisees also receive ongoing training and support from the TWO MEN AND A TRUCK Michigan Support Center office in Lansing, Mich.
Penske offers minimal training to new investors because the business is mostly just offering truck rentals to customers, thus it doesn’t require too much hands-on training and education requirements.
What sets Penske and TWO MEN AND A TRUCK apart?
When you invest in Penske, you’re investing in a rental business to offer moving trucks and fleet maintenance to customer, essentially acting as one minor part of the overall moving process for people who need to move but don’t want to pay the full price for a move.
With TWO MEN AND A TRUCK, you’re investing in moving as a brand and you’re offering a full-service moving plan for customers looking to move from one home to next without having to do any of the heavy lifting themselves. It’s a brand offering high levels of customer service and satisfaction through a professional moving experience, helping eliminate the stress for customers during a stressful time.
Interested in franchising with TWO MEN AND A TRUCK? Click here to see our options and learn how it can become a profitable business opportunity for you!
