Bottom line
- Total investment $92K – $506K including a $50K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $2.9M/year (median $2.4M). Estimated payback in 0.9 years.
- Rated STRONG with a risk score of 26/100. SBA loan default rate of 0.0% across 216 loans (below the industry average).
- System growing at 1540% CAGR over 3 years with 339 total units — strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Two Men and a Truck unit return on the cash you put in?
Unlevered ROIC · per unit
126%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Two Men and a Truck units return on equity?
Equity IRR · 5-yr
26.9%
3.30× MOIC
Year-1 DSCR
3.04×
EBITDA ÷ debt service
Equity required
$13.0M
on $25.8M purchase
Total debt
$12.7M
SBA $5.0M + senior + seller note
Overview
About
Two Men and a Truck franchisees operate local residential and commercial moving services, managing crews, scheduling jobs, and handling logistics. Day-to-day operations involve customer acquisition/retention, crew scheduling and training, vehicle maintenance, and quality control on moving jobs. Most franchisees are owner-operators who initially work alongside crews before scaling to multiple teams.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 10 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Solid regional franchise with proven unit economics but litigation exposure, opaque financial claims, and moderate growth rates warrant careful validation before $300K+ investment.
Score breakdown · what drove the 26 / 100 rating
- 01HIGHParent company litigation history involving no-poaching clauses and cybersecurity breaches raises questions about franchise agreement enforceability and data security protocols
- 02MINORHigh initial investment range ($92K-$506K) with 6% royalty creates break-even pressure; average net income of $341K suggests 12-18 month ROI at best for lower-end franchises
- 03MEDModest unit growth of 8.0% YoY is healthy but not exceptional; system maturity suggests limited expansion upside and increased reliance on same-unit sales growth
- 04MINORNo Item 19 (Financial Performance Representations) in FDD limits ability to validate claimed average revenue of $2.86M across 339 units with wide investment range
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
58 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Two Men and a Truck · FDD (2025) PDF