Two Men and a Truck Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$83,210 - $349,275
Franchise Fee
$24,000
Min Cash Required
$20,000
Total US Locations
62
Business Summary
Two Men and a Junk Truck franchises offer junk removal and related services. This includes collecting unwanted items from customers, with the option to resell these items to third parties. The business operates under a structured system that covers training, operational procedures, marketing, and business policies, and is available in either a Metro Market or Mod Market franchise format.
Corporate History
Two Men and a Junk Truck SPE LLC was organized as a Delaware limited liability company on June 24, 2021, and began offering Two Men and a Junk Truck franchises in June 2023. The company operates under both the "Two Men and a Junk Truck" and "Two Men and a Truck" names. It is a subsidiary within a larger corporate structure, with ServiceMaster Systems LLC as its direct parent and ServiceMaster Opco Holdings LLC as an indirect parent. The ultimate parent, RW Parent LLC, is owned by private equity funds managed by Roark Capital Management LLC. The company's predecessor, Two Men and a Truck/International, LLC (TMTI), was incorporated in Michigan in 1989 and offered Moving Franchises until August 2021. TMTI also operates Two Men and a Truck businesses that provide junk removal services, similar to those offered by Two Men and a Junk Truck franchises.
Financial Overview
Investment Range
$83,210 - $349,275
Franchise Fee (Low)
$24,000
Franchise Fee (High)
$130,000
Minimum Cash Required
$20,000
Royalty %
7%
Marketing %
7%
Equipment Costs (Low)
$13,650
Equipment Costs (High)
$69,600
Working Capital
$40,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The financial statements for ServiceMaster Opco Holdings, LLC and its subsidiaries, as well as ServiceMaster Systems, LLC and its subsidiaries, show positive net income and member's equity. The independent auditors have issued an unqualified opinion for both entities and have not identified any conditions or events that raise substantial doubt about their ability to continue as a going concern.
Financing Details
Two Men and a Junk Truck does not offer direct or indirect financing for its franchises. The company also does not guarantee any notes, leases, or other obligations of franchisees. However, upon request, Two Men and a Junk Truck may provide information and advice to help franchisees seek financing from third-party lenders.
Performance Metrics
Total US Locations
62
Franchised Units
62
Corporate Units
0
Avg Square Footage
1,850
Franchising Since
2023
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Count
3
Litigation Summary
Two Men and a Junk Truck itself has no litigation directly against it or its brand, and no unlawful conduct by it has been alleged. However, Item 3 discloses three lawsuits involving its affiliates, all of which were filed in 2019 and settled between 2019 and 2020. Two of these cases involved Arby's Restaurant Group, Inc. and Dunkin' Brands, Inc., where multiple states sought information on their use of "no-poaching" provisions in franchise agreements. Both affiliates denied any wrongdoing but settled by agreeing to remove and not enforce these provisions. The third case involved Dunkin' Brands, Inc. being sued by the New York Attorney General over credential-stuffing cyberattacks from 2015 and 2018. Dunkin' Brands, Inc. settled this case by paying $650,000 and agreeing to maintain a comprehensive information security program.
Bankruptcy History
Two Men and a Junk Truck has no bankruptcy history to report.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew, Two Men and a Junk Truck franchisees must provide written notice to the franchisor 6 to 9 months before the term ends. They must be in good standing, meaning they have fully complied with all obligations, have no pending litigation with the franchisor or its affiliates, and have not defaulted three or more times during the term. Franchisees must also meet minimum performance requirements and not have failed to meet them more than three times. They need to consistently meet financial obligations, qualify as a new franchisee with sufficient financial ability, obtain approval for a business plan, refurbish their location to current standards, attend a renewal visit, complete all required training, and sign the franchisor's then-current franchise agreement, which may have different terms. Finally, franchisees and their owners must sign a general release of claims and pay a renewal fee equal to 25% of the initial franchise fee charged to new franchisees at the time of renewal.
Training & Support Program
Franchisor Assistance
Before opening, Two Men and a Junk Truck provides franchisees with help analyzing qualifications for final approval, designating the marketing area, reviewing proposed locations, and training. They also provide specifications for initial equipment, technology, fixtures, signs, inventory, and supplies, along with lists of designated or approved suppliers. The franchisor reviews and approves the initial sales and marketing plan and budget. During operation, Two Men and a Junk Truck offers staff personnel to assist and counsel franchisees upon request. They provide reasonable assistance and advice as deemed appropriate, and perform audits, inspections, and investigations of all business aspects. The franchisor reviews proposed suppliers for non-designated products, provides updates to manuals and specifications, reviews and approves annual sales and marketing plans and budgets, and advertising materials. They also administer the Advertising Fund and may assist in resolving customer disputes or review proposed transferees.
Initial Training Hours
32
Training Location
Lansing, Michigan
Ongoing Support
After opening, Two Men and a Junk Truck offers staff personnel to assist and counsel franchisees upon request, providing reasonable advice. The franchisor conducts audits, inspections, and investigations of various business aspects, and reviews proposed suppliers for approval. Franchisees receive access to updates for manuals and specifications, and their annual sales and marketing plans and advertising materials are reviewed and approved. The franchisor administers the Advertising Fund and may assist in resolving customer disputes. Franchisees, or their designated representatives, are required to attend additional training, sales programs, or meetings as specified by the franchisor, including the Two Men and a Junk Truck Annual Conference at least once every two years. If a franchise is underperforming, the franchisor may require participation in additional training sessions, performance improvement visits, or ongoing performance improvement programs.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Commercial
Owner Participation
Full-Time
Territory Type
Protected
Territory Size Requirements
Two Men and a Junk Truck territories are defined by zip codes. Metro Market Franchises generally cover a population of approximately 420,000 to 600,000 people, though this can vary in densely populated metropolitan areas. Mod Market Franchises typically cover a population ranging from 100,000 to 250,000 people.
Staffing Notes
Two Men and a Junk Truck provides advice and training modules on suggested staffing for efficient operation and customer service, but franchisees are solely responsible for all employment decisions, including hiring, firing, and scheduling. Franchisees must ensure their employees are qualified according to the franchisor's standards. The business must be staffed for at least nine consecutive hours on weekdays and four consecutive hours on Saturdays with sufficient personnel for optimal service. For approved services provided on weekends, a manager's contact telephone number must be made available to employees and customers.