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Below is an in-depth analysis and side-by-side comparison of Two Men and a Truck vs Apartment Movers etc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $100,000 - $595,000 | $75,000 - $150,000 |
Franchise Fee | $30,000 - $85,000 | $24,500 |
Royalty Fee | 6% | 5% |
Advertising Fee | 1% | - |
Year Founded | 1985 | 1995 |
Year Franchised | 1989 | 1998 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | $5K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/No |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | On-The-Job Training: 60 hours Classroom Training: 64 hours Additional Training: Additional training at headquarters for multi-unit franchisees | Ongoing training available |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Co-op advertising, Ad slicks, Regional advertising |
Operations |
37% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 10 Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators)
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0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is allowed. (40% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
When customers would rent moving trucks from Kim Swanson's company, they would often complain about the amount of money, time and damage it cost them. Seeing the need for an affordable moving company, Swanson founded Apartment Movers Etc. in 1995.
The company specializes in smaller moves for both commercial and residential customers. Apartment Movers Etc. can handle complete moves or transport just one item.