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Get A Move On to file Chapter 7 bankruptcy; owner to form new franchise company
02/11/2014 11:13 AM
06/25/2014 5:53 PM
WICHITA — Get A Move On owner Paul Wells filed for Chapter 11 bankruptcy about a week ago, but a lot has changed since then.
Wells now plans to file Chapter 7 bankruptcy, liquidate his business and then start a new company to franchise it. Current employee Eric Kimler is the first franchisee.
Wells says a lot happened to lead him to this decision.
"There's a long story behind that."
Wells says issues started at his almost 20-year-old company in 2003 when he settled a trademark infringement lawsuit over the name of his moving company, Two Guys and A Truck, with the national company Two Men & A Truck. He changed his company's name to Get A Move On.
"To this date we still get phone calls," Wells says of people looking for Two Guys and A Truck.
Then, Two Men & A Truck entered the Wichita market.
"They really capitalized on our past name when they came here," Wells says.
Another new competitor opened as well.
Wells says with new competitors, "somebody's going to lose."
Then the recession and housing market crash hit. Wells says sales went down about 40 percent.
"We weren't doing so hot financially."
About Carrie Rengers
Carrie Rengers joined The Eagle's Business team in 2002 despite her inability to even balance a checkbook. Fortunately for her, and readers, her Have You Heard? blog is about business scoops and contains lots of news but almost no math.
A Michigan native, Carrie’s father was quite tragically transferred to Little Rock, Ark., in the middle of her sophomore year of high school. To make matters worse, her parents put her in a girls school. She recovered, though, and went on to enjoy being an English major at Hendrix College (the Harvard of the Ozarks, don’t you know). She worked for the weekly Arkansas Business and the statewide daily Arkansas Democrat-Gazette before moving to Wichita to be with her favorite writer and cook, husband Joe Stumpe.
Carrie encourages readers to contact her with tips, questions, behind-the-scenes business news and even funny quotes from business people. Reach her at 316-268-6340 or email@example.com.
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