16 frequently asked questions answered with data from the 2024 Franchise Disclosure Document.
The total initial investment to open a Two Men and a Truck franchise ranges from $147K to $506K (2024 FDD). This includes the franchise fee, equipment, build-out, inventory, and working capital needed before opening.
View full investment analysisThe initial franchise fee for Two Men and a Truck is $50K (2024 FDD). This one-time fee is paid to the franchisor when signing the franchise agreement and covers the right to use the brand, systems, and initial training.
View full investment analysisData sourced from the Two Men and a Truck 2024 Franchise Disclosure Document (FDD). Always review the most current FDD and consult with a franchise attorney before making investment decisions.
Yes, a Two Men and a Truck franchise requires a physical location (2024 FDD). Franchisees will need to lease or purchase commercial real estate, which is a significant component of the total investment.
View full investment analysisTwo Men and a Truck charges a royalty fee of 6.0% of gross sales (2024 FDD). This ongoing fee is typically paid weekly or monthly to the franchisor for continued use of the brand and support systems.
View full fees analysisThe total ongoing fee rate for a Two Men and a Truck franchise is approximately 7.0% of gross sales (2024 FDD). This includes the royalty fee, a 1.0% marketing/advertising fund contribution, a $1200/month technology fee, and other recurring charges.
View full fees analysisTwo Men and a Truck has been involved in 3 litigation cases over the past 3 years (2024 FDD). There are no class action lawsuits pending.
View full litigation analysisNo, the Two Men and a Truck franchisor has no bankruptcy filings in their disclosure history (2024 FDD).
View full litigation analysisTwo Men and a Truck offers exclusive territory rights to its franchisees (2024 FDD). The franchise agreement includes encroachment protection, preventing the franchisor from placing another unit in your territory. Online sales rights are shared between the franchisor and franchisee.
View full territory analysisTwo Men and a Truck currently operates 339 locations (2024 FDD) (338 franchised, 1 company-owned). The system grew by 7.3% over the past year. The 3-year compound annual growth rate is 4.6%.
View full growth analysisThe 1-year franchisee turnover rate for Two Men and a Truck is 0.0% (2024 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.
View full growth analysisAccording to the Two Men and a Truck FDD Item 19 financial performance representation (2024 FDD), the median gross sales per unit is $2.4M (average: $2.9M).
View full financials analysisThe initial franchise agreement term for Two Men and a Truck is 5 years (2024 FDD). Franchisees can renew 1 time for 5-year periods. The total potential term is 10 years.
View full contract analysisTwo Men and a Truck's post-termination non-compete clause restricts former franchisees from operating a competing business for 2 years within 20 miles of the former location (2024 FDD).
View full legal analysisYes, Two Men and a Truck's franchise agreement requires mandatory arbitration for dispute resolution (2024 FDD). The agreement includes a jury trial waiver.
View full legal analysisTwo Men and a Truck provides 37 hours of initial training over approximately 1 weeks (2024 FDD). The cost of training is covered by the franchisor (travel and lodging are typically the franchisee's responsibility). Ongoing field support is provided on a as-needed basis.
View full support analysisYes, Two Men and a Truck provides site selection assistance to help franchisees find the right location (2024 FDD). The franchisor also provides technology support and systems.
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