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Updated RecentlyMurphy Business vs Fitness Machine Technicians Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Murphy Business vs Fitness Machine Technicians including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $62,350 - $123,735 | $71,450 - $118,490 |
| Franchise Fee | $39,000 - $55,000 | $40,000 - $45,000 |
| Royalty Fee | 10% | 6% |
| Advertising Fee | - | 1% |
| Year Founded | 1994 | 2002 |
| Year Franchised | 2006 | 2012 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | The ideal candidate is 35 - 65 years old and meets most of the following criteria: - Is a former business owner - Is a former business buyer - Holds or has held a management level position - Wants to control his or her own destiny - Is self-confident and likes working with people to help them achieve their dreams and goals You don't need business broker experience. We will train you and provide you with the tools you need. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | Yes/- |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | On-The-Job Training: Mentoring Classroom Training: 92 hours | On-The-Job Training: 80 hours Classroom Training: 46 hours Additional Training: Field training |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software |
| Marketing | Ad Templates National Media Regional Advertising Social media Website development Email marketing | Ad Templates Social media SEO Website development |
| Operations | *Franchise can be run from home *Absentee ownership of franchise is NOT allowed. | Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
Company Overviews
About Murphy Business
Murphy Business and Financial Corporation gives the new or experienced business representative with the bolster required to fabricate a fruitful business financier firm on a few fronts:
*Assist customers in the possession exchange of secretly held little to medium estimated organizations
*Working with purchasers to purchase a business
*Helping purchasers to buy another establishment business
*Providing current entrepreneurs with business valuations of their business or assess their apparatus and gear
*Assist bigger organizations with mergers and acquisitions (these organizations regularly have incomes in overabundance of $5 million)
*Provide customers with business land financier, renting, property administration and inquiry administrations.
Being a Murphy business representative is about being ready to go for yourself, not without anyone else's input. While you may work in one or the greater part of the above regions, our corporate and provincial office staff is accessible to help you in giving an entire scope of administrations for our customers.
Murphy's inventive sovereignty structure guarantees that the main part of the commission remains with you and your specialists, making the wage potential one of the most elevated in the business.
With Murphy's times of involvement in the field, you will have the bolster you have to determine issues and close business, furnishing you with income from different sources.
Seeking new franchise units in USA and Canada
Veteran Incentives $5,000 off franchise fee
About Fitness Machine Technicians
As a service based franchise, we don’t have many of the expenses that burden the brick and mortar franchise owners. The benefits are:
- You can work from a home-based office or small leased space (500sf).
- You can lease or buy your technicians’ field vehicles.
- Inventory is on demand direct from suppliers as needed for repairs, so minimal storage space is needed.