With a total investment of just $56,500 - $65,000, owning a Two Guys, No Truck franchise is one of the most budget-friendly ways to start your own business, especially in the moving industry.
We’re a different kind of moving company - we handle the muscle, not the trucks. That means no vehicles to buy, no storefront to maintain, and no complicated logistics.
It’s as simple as scheduling your movers and getting the job done!
Interested in learning more? Fill out our quick franchise interest form to start a conversation with our founder!
Starting a new moving franchise is exciting and rewarding. However, the first thing that any business owner should want to know is how much it’s going to cost, in both, the short and the long term.
Moving franchises can cost up to $500,000, with most moving franchises starting around $200,000. These costs cover things like moving trucks, real estate, equipment, etc.
In the rest of this article, we’ll explain the costs associated with starting a moving franchise.
One of the most expensive aspects of starting up your own moving franchise is the first purchase of your truck (or trucks).
Depending on the truck’s size requirements set by your company, the range of your first moving truck will vary.
On the lower end of costs, trucks can be around $20,000. But these trucks are typically smaller, used, and have a lot of miles on them.
On the higher end of costs, trucks can be as much as $300,000. These are your newer trucks with low or zero miles. My opinion is to hold off on purchasing these new trucks until you’ve been an established franchise for a few years.
But the good news is that you can eliminate the need for this cost if you go with a moving franchise like Two Guys, No Truck.
Our franchise is exactly what it sounds like - a moving company that only provides the labor, not the truck.
Another expensive item in the list of starting up a moving franchise is the real estate cost.
Some moving franchises require a physical location, while others do not (Two Guys, No Truck doesn’t require a physical location).
If the franchise you’re looking at requires a physical location, you’ll be looking at purchasing or leasing a space.
$1,500 - $5,000 a month is the range most investors are looking at for a physical location of a moving franchise.
The price range varies quite a bit due to the location of the building and what utilities are needed.
There might be slight differences in what is required from business to business, but most of the moving equipment you’ll need to start up your moving franchise is pretty standard.
The good news is that a lot of this equipment is a one-time purchase or a once-a-year purchase.
These are the most common pieces of moving equipment that are needed when starting up a moving franchise:
Most moving franchises will have you invest around $8,000 - $10,000 for moving equipment costs.
Some of the things that can influence these costs are how many employees you have and the volume of jobs you’re planning on performing.
Every company needs to get the word out about its business, so it needs to set aside a marketing budget.
Some moving franchises have their initial marketing budget as low as $1,000, while others are set as high as $30,000.
Some factors that influence advertising costs for moving franchises include:
Licensing and permit fees are typically renewed on a yearly basis, but the exact licenses and permits needed will vary between cities and states and whether you’ll be moving across state lines.
Most moving franchises will spend between $300 - $3000 for license and permit fees, depending on local regulations.
You'll also likely need to be registered with the USDOT (United States of Transportation), as well as the PUC (Public Utilities Commission).
Moving companies will need insurance for general liability, vehicles, cargo, workers' compensation, along with insurance for their physical location(s).
Depending on the rules in your state, insurance can cost anywhere between $500 - $5,000 a year.
Some things that can impact insurance costs are:
Unless you’re planning on moving everything by yourself (which I don’t recommend), you’ll need employees to help.
$12 - $25 per hour is a standard employee rate for most moving companies.
Every business is unique, and your franchisor can help you determine employee wages.
A franchise fee is a one-time payment that is made at the beginning of a franchise deal.
This franchise fee allows a franchisee to use the company’s brand, operating procedures, and proprietary system. This fee usually covers the franchisee’s initial training.
Each franchise is different in what they charge, but franchise fees for moving companies are typically anywhere from $45,000 - $100,000.
If you’re looking at the breakdown of the costs of owning a moving franchise, you’ll probably see a line item that says something like “Additional Funds”.
Additional funds are kind of a miscellaneous fund that is used to cover unexpected costs and help keep the business running for the next six months or so.
Additional Funds can be as low as $5,000 and as much as $75,000.
The amount needed will depend on how much overhead a business needs to operate on a monthly basis.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.