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Below is an in-depth analysis and side-by-side comparison of Above the Standard 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 | $61,400 - $73,900 | $71,450 - $118,490 |
Franchise Fee | $49,900 | $40,000 - $45,000 |
Royalty Fee | 15% | 6% |
Advertising Fee | - | 1% |
Year Founded | 1981 | 2002 |
Year Franchised | 2010 | 2012 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | Yes/- |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
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Training | - | On-The-Job Training: 80 hours Classroom Training: 46 hours Additional Training: Field training |
Support | - | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software |
Marketing | - | Ad Templates Social media SEO Website development |
Operations | Franchise can be run from home. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators). | Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
*Procurement/sourcing expertise *Purchasing and management staff training *Procurement outsourcing for all or part of your purchasing department *Finance and Administrative Services *Business growth *Reduce costs and increase quality *Centralize procurement *Provide needed products or services *Build new markets in your company *Provide Just-In-Time Inventory (JIT) *Increase supply chain efficiency *Retain best value and remain competitive *Compliance *Supplier performance improvement *Support day-to-day buying activity *Policy/Procedure creation, implementation, validation *Transaction automation and processing *Bring focus to core competencies. *Develop strong end-user to provider relationship *Lower procurement related labor costs *Improve overall procurement performance *Provide greater control, reporting, and supplier compliance *Organization and internal cost performance *Data for benchmark analysis, goals, and results *Procurement personnel training *Procurement department creation and implementation