Fitness Machine Technicians franchise fees for 2023:
Total Investment: $71,450 - $118,490
Minimum Net Worth: $300,000; Liquid: $75,000
Franchise Fee: $40,000 for a Medium Territory and $45,000 for
the Large Executive sized territory
Royalties are a percentage of Gross Sales:
6% of the first $499,999 of Gross Sales each
calendar year;
5% of Gross Sales in excess of $500,000 each
calendar year.
National Ad Fund or Brand Fund: 1%
Local Marketing: $1,000/month
Average Number of Employees: 2 - 4; One Technician can service ~
$150,000 - $200,000 in Gross Revenue
Item 19: Yes; P & L for Corporate Unit and our 1st Zee that runs
his franchise differently then we recommend (heavy B2C versus
B2B). I walk candidates through this during the unit economic
review
SBA Approved: Yes
Passive Ownership: Yes, but to the higher end of the range for
hourly requirements for the owner (15-20 hrs a week)
Home Based: Yes
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount: Yes - 10%
No. Fitness Machine Technicians is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.
Yes. Fitness Machine Technicians is a home based franchise opportunity.
Click here to find out how much Fitness Machine Technicians franchisees make. Fitness Machine Technicians offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.
No. Fitness Machine Technicians is not a master franchise opportunity.
Yes. Fitness Machine Technicians franchise does offer a veteran discount.
No. Fitness Machine Technicians franchise does not work with E2 Visa and EB-5 Visa candidates.
Yes. Fitness Machine Technicians franchise is looking for Canada franchisees.
No. Fitness Machine Technicians franchise is not looking for International franchisees.
Buying a Franchise Guide: What is a Franchise Disclosure Document?
When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.
Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.