Two Men and a Truck
 | This article needs additional citations for verification. (February 2021) |
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| Company type | Private |
|---|---|
| Founded | 1985 |
| Headquarters | Lansing, Michigan, United States |
Key people |
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| Website | twomenandatruck |
Two Men and a Truck is the largest American franchised moving company. Headquartered in Lansing, Michigan, franchises operate in 48 U.S. states, as well as the United Kingdom, Canada, and Ireland.[1]
History
[edit]The company was founded in the early 1980s by two Lansing brothers, Brig and Jon Sorber. Using an old '66 Ford pickup truck, they performed moves to earn extra spending money. Their mother, Mary Ellen Sheets, obtained the sketch that became the logo of the company from a mutual friend, and took over the business when her sons left for college. In 1985, she purchased a 14-foot (4.3 m) truck for $350 and hired a pair of movers. This is the only money Sheets personally invested in the company. A fellow panelist at a university business seminar in 1988 suggested Sheets consider franchising. The first franchise was awarded in 1989.[2]
Franchising
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The initial franchise fee is $50,000; there is also an ongoing royalty of 6% of revenue. As of 2021, there are 292 franchises in the United States, 28 in Canada, and 2 in the UK and Ireland.
Initial investment: Mini-market start-up costs typically run between $100k and $192k and standard market start-up costs run between $179k and $585k depending on several variables including authority fees which vary by state, store location and trucks.
Net worth requirements: Mini market minimum requirements are $80,000 in liquid assets and $160,000 in net worth. Standard marketing area capital requirement is $150,000 in liquid assets and $400,000 in net worth.
References
[edit]- ^ Perman, Stacy (April 14, 2005). "Two Men and a Lot of Trucks". BusinessWeek.
- ^ Flandez, Raymond (February 12, 2008). "A Look at High-Performing Franchises". The Wall Street Journal.
Further reading
[edit]- Foundations of Business. Cengage Learning.
- The Oxford Handbook of Positive Organizational Scholarship. Oxford University Press. pp. 458– . (subscription required)
- Basic Guide to Exporting. Government Printing Office. pp. 106–107.
- Becoming a Trustworthy Leader: Psychology and Practice. Routledge. pp. 165–166.
- Small Business Management. Cengage Learning. pp. 651– . (subscription required)
- Service Operations Management. Edward Elgar Publishing. p. 193.
External links
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