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Updated RecentlyGemma Business Brokers vs Fitness Machine Technicians Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gemma Business Brokers 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 | $79,225 - $119,225 | $71,450 - $118,490 |
| Franchise Fee | $37,000 | $40,000 - $45,000 |
| Royalty Fee | 8% Annual min. $10,000 | 6% |
| Advertising Fee | 2% | 1% |
| Year Founded | 1998 | 2002 |
| Year Franchised | 2009 | 2012 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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 | The Gemma CRM platform helps you: o Manage accounts and contacts, giving you a complete customer picture at a glance o Track sales opportunity-related data including milestones, decision makers, customer communications, and key documentation throughout Gemma's standardized sales process. o Provide Analytics: Get the real-time status of your business at a glance with key reports on value of your pipeline and revenue forecasts o Develop Email Marketing Tools: tools and templates are provided to help build, manage, and track email blasts as well as individual email communications to help generate new leads | 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 | - | Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About Gemma Business Brokers
Operate your own business but have full access to shared learning and experience. You work for yourself but not by yourself.
Select your own place of work - home office, downtown location, shared office, virtual office
Pay royalties only when deals are closed. Our royalty system is based entirely on deal flow - there is no set monthly fee, any royalty is paid only when deals are closed. This arrangement underscores our commitment to our franchisees' success and our determination to ensure existing branch offices are successful before awarding new locations. Have access to state-of-the art proprietary software packages.
Have the benefit of ongoing training and education on marketing, administration and operations, including training on the Gemma approach to business valuation and pricing; deal negotiations and marketing your clients' opportunities.
You also have ongoing career development opportunities through an exclusive arrangement for access to online executive education from Cornell University's Johnson Graduate School of Business (hyperlink).
Enjoy marketing assistance - plans and advertising templates to help you keep your company visible in your marketplace.
With a Gemma Business Broker Franchise, you choose where you want to work. Some franchisees choose a home office, others share a rented space.
Our proprietary back office system allows you to stay connected with the company, as well as with your growing list of clients and prospects. A custom CRM (customer relationship management) tool provides the services you need.
- Contact management
- Sales tracking, including documentation
- Data Analysis so you can see where your business is and where it should be
- E-mail marketing tools
It’s never been more affordable to develop a successful business brokerage. With the knowledge and systems from an experienced leader, Gemma Business Brokers, is behind you and with you all the way.
About Fitness Machine Technicians
At Fitness Machine Technicians, we pride
ourselves on offering aspiring business owners the opportunity to build
their franchise quickly and efficiently so they can thrive in their new
career path.
As a service based franchise, we don’t have many of the expenses that burden the brick and mortar franchise owners. The benefits are:
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.
#208 in Franchise 500 for 2021. Not in Franchise 500 for 2020.