TWO MEN AND A TRUCK® Growth Continued with Q2 Earnings
Franchisee Earns Revenue of $1 Million in a Month's Time; Thriving Brand Signs 300th Location
LANSING, Mich. - July 28, 2014 // PRNewswire // - TWO MEN AND A TRUCK®, the franchising industry's leading moving services brand, enters Q3 with confidence after achieving continued growth in revenue the first half of 2014, continuing on a trend the company has been experiencing for more than five years.
TWO MEN AND A TRUCK® wrapped up a solid second quarter of 2014 with impressive results, disclosing revenues totaling $100,135,200, a 12.56 percent increase from the preceding year. Over the entirety of Q2, the brand saw record-breaking numbers. April was among the highest referral months in the history of the company, totaling 96.36 percent, which was based off of completed electronic customer satisfaction surveys. Momentum continued in May which lead to a record-breaking June, when TWO MEN AND A TRUCK® hit their five millionth move, and one of their franchise locations achieved a system-wide record of $1 million in sales during the month – the first time this milestone has been accomplished in the system.
"The success of one of our franchises hitting $1 million in sales has been extremely gratifying, not only for the franchise, but for the company as a whole," said Jeff Wesley, chief financial officer of TWO MEN AND A TRUCK®. "This single location set a new precedence proving this is an achievable goal for our entire system of driven franchisees. The entire month of June also hit $40 million, which is a huge system accomplishment, and couldn't have been achieved without the ongoing hard work and dedication of franchisees and their teams."
With a focus on ongoing growth initiatives, TWO MEN AND A TRUCK® is working toward surpassing their 2013 numbers by posting a system-wide revenue goal of $375 million for 2014, in addition to signing 30 franchise areas by year-end. The company is well on their way to the goal, accomplishing 18 sold territories during the first half of the year. To continue this path of momentum for the remainder of the year, the brand plans to expand by signing additional locations in top-growth markets including New Jersey, Washington, Southern California, Texas, and Oregon.
With TWO MEN AND A TRUCK®'s continued expansion into new territories and crossing over their 300th location in the second quarter, the executive team felt adjustments at Home Office could assist the brand in securing unique market advantages and boosting strategic operations. The Lansing-based corporate office is now operating a 20,000 square-foot expansion which is housing additional team members and a new sales center that will increase customer service response time. TWO MEN AND A TRUCK® is also continuously investing in operations and marketing automation software to systematize processes and bolster corporate-customer relationships.
"We continue to look for better ways to serve our customers," said President Randy Shacka. "Earning the highest overall satisfaction in the history of the company during Q2 provides us with added motivation to build upon this benchmark and look to maintain and even exceed this milestone for the remainder of 2014."
With 290 national locations and 25 international locations, TWO MEN AND A TRUCK® continues its expansion in the global market by introducing innovative technology system-wide, improving existing operational systems, and employing passionate staff throughout the growing franchise network.
To inquire about franchising, visit twomenandatruckfranchising.com/home.
To inquire about career opportunities, visit careers.twomenandatruck.com.
About TWO MEN AND A TRUCK®
TWO MEN AND A TRUCK® is the largest franchised moving company both in the United States and internationally. Currently there are more than 280 national locations and 2,000 trucks operating in the U.S.; in total, the company operates 311 locations and 2,100 trucks. TWO MEN AND A TRUCK® has performed more than 5 million moves since its inception in 1985. The company has seen consistent monthly growth dating back to December 2009 and more than 39 consecutive months of record growth. Each location is independently owned and operated. For franchising opportunities, visit www.twomenandatruckfranchising.com.
SOURCE TWO MEN AND A TRUCK
No Limit Agency