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Below is an in-depth analysis and side-by-side comparison of Two Men and a Truck vs Move It Now 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 | $98,000 - $308,800 |
Franchise Fee | $30,000 - $85,000 | $35,000 |
Royalty Fee | 6% | 6.5% |
Advertising Fee | 1% | - |
Year Founded | 1985 | 2003 |
Year Franchised | 1989 | 2004 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 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 | Yes/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
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 | From our extensive 8 week initial training program to regular updates to keep you current with the latest changes in the industry Move It Now provides a backbone for success. In addition we provide each franchisee access to an online "Playbook". The Playbook is a secure site that contains all of the information a franchisee needs to run their business. We back this training up with an experienced management team dedicated to your support. Two weeks in class room training at our corporate office in Gahanna , OH Two weeks of onsite training at the franchise moving center One week of webinars Three weeks of consultation and set up at the franchise moving center that happens throughout the 8 week program. |
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 | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | 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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Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 5 - 5
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
Here at Move It Now, we know that moving can be stressful. It doesn’t have to be that way.