UPDATED — Get A Move On owner Paul Wells filed for Chapter 11 bankruptcy for his business about a week ago, but a lot has changed since then.
Wells now plans to file Chapter 7 bankruptcy personally, because he guaranteed the loan on his office, and start a new company to franchise the business. 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.”