|
Below is an in-depth analysis and side-by-side comparison of Children's Orchard vs Fitness Machine Technicians including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $174,700 - $326,500 | $71,450 - $118,490 |
Franchise Fee | $25,000 | $40,000 - $45,000 |
Royalty Fee | 4% | 6% |
Advertising Fee | $2K/yr | 1% |
Year Founded | 1980 | 2002 |
Year Franchised | 1985 | 2012 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $3K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | Yes/- |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/Yes | -/Yes |
Payroll | No/Yes | -/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 80 hours Classroom Training: 46 hours Additional Training: Field training |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Ad Templates Social media SEO Website development |
Operations |
15.6% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (98% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |