PEAK Elevator vs Fitness Machine Technicians Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of PEAK Elevator vs Fitness Machine Technicians including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
PEAK Elevator Franchise
Fitness Machine Technicians Franchise
Investment $100,500 - $283,000 $68,850 - $108,890
Franchise Fee $17,500 - $35,000 $40,000
Royalty Fee 6% 6%
Advertising Fee 0.5% Nat'l + 0.5% local 1%
Year Founded - 2002
Year Franchised - 2012
Term Of Agreement 7 years +5+5 -
Term Of Agreement 7 years +5+5 -
Renewal Fee - -


Business Experience Requirements

 
PEAK Elevator Franchise
Fitness Machine Technicians Franchise
Experience - -

Financing Options

 
PEAK Elevator Franchise
Fitness Machine Technicians Franchise
  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

 
PEAK Elevator Franchise
Fitness Machine Technicians Franchise
Training We will provide one week of training at the PEAK Vertical Transportation Group™ corporate location approximately four weeks before your franchise launch. We will cover general business operations, marketing and selling techniques, and more. PEAK Elevator™ representatives will provide an additional one week of training at your franchise location approximately one week prior to your franchise launch to assist you with on-site support. On-The-Job Training: 80 hours Classroom Training: 46 hours Additional Training: Field training
Support We will present you with a copy of our confidential operations manual to help you run your business properly on a day-to-day basis, and we will be there to provide remote support, ongoing guidance and answers to questions you may have. 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

 
PEAK Elevator Franchise
Fitness Machine Technicians Franchise
US Expansion Yes Yes
Canada Expansion - -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
PEAK Elevator Franchise
$100,500 - $283,000
Fitness Machine Technicians Franchise
$68,850 - $108,890
Franchise Fee
PEAK Elevator Franchise
$17,500 - $35,000
Fitness Machine Technicians Franchise
$40,000
Royalty Fee
PEAK Elevator Franchise
6%
Fitness Machine Technicians Franchise
6%
Advertising Fee
PEAK Elevator Franchise
0.5% Nat'l + 0.5% local
Fitness Machine Technicians Franchise
1%
Year Founded
PEAK Elevator Franchise
-
Fitness Machine Technicians Franchise
2002
Year Franchised
PEAK Elevator Franchise
-
Fitness Machine Technicians Franchise
2012
Term Of Agreement
PEAK Elevator Franchise
7 years +5+5
Fitness Machine Technicians Franchise
-
Renewal Fee
PEAK Elevator Franchise
-
Fitness Machine Technicians Franchise
-


Business Experience Requirements

Experience
PEAK Elevator Franchise
-
Fitness Machine Technicians Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
PEAK Elevator Franchise
-/-
Fitness Machine Technicians Franchise
Yes/-
Start-up Costs
PEAK Elevator Franchise
-/-
Fitness Machine Technicians Franchise
-/Yes
Equipment
PEAK Elevator Franchise
-/-
Fitness Machine Technicians Franchise
-/Yes
Inventory
PEAK Elevator Franchise
-/-
Fitness Machine Technicians Franchise
-/Yes
Receivables
PEAK Elevator Franchise
-/-
Fitness Machine Technicians Franchise
-/Yes
Payroll
PEAK Elevator Franchise
-/-
Fitness Machine Technicians Franchise
-/Yes

Training & Support

Training
PEAK Elevator Franchise
We will provide one week of training at the PEAK Vertical Transportation Group™ corporate location approximately four weeks before your franchise launch. We will cover general business operations, marketing and selling techniques, and more. PEAK Elevator™ representatives will provide an additional one week of training at your franchise location approximately one week prior to your franchise launch to assist you with on-site support.
Fitness Machine Technicians Franchise
On-The-Job Training: 80 hours Classroom Training: 46 hours Additional Training: Field training
Support
PEAK Elevator Franchise
We will present you with a copy of our confidential operations manual to help you run your business properly on a day-to-day basis, and we will be there to provide remote support, ongoing guidance and answers to questions you may have.
Fitness Machine Technicians Franchise
Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software
Marketing
PEAK Elevator Franchise
-
Fitness Machine Technicians Franchise
Ad Templates Social media SEO Website development
Operations
PEAK Elevator Franchise
-
Fitness Machine Technicians Franchise
Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2

Expansion Plans

US Expansion
PEAK Elevator Franchise
Yes
Fitness Machine Technicians Franchise
Yes
Canada Expansion
PEAK Elevator Franchise
-
Fitness Machine Technicians Franchise
-
International Expansion
PEAK Elevator Franchise
-
Fitness Machine Technicians Franchise
-

Company Overviews

About PEAK Elevator

Starting a franchise business is no easy feat. However, with an experienced company like PEAK Elevator™ behind you, you will have the support and backing of experienced individuals who are ready to mentor you in your new venture. You will certainly need investment capital, hard work and solid business sense to see success as a franchisee. PEAK Elevator™ is ready to help you through the steps of starting your own elevator business in the $20 billion elevator installation and service industry.
PEAK Elevator™ answers the call for skilled elevator professionals who are just as well versed in customer service as they are in the technical aspects of the vertical transportation industry. With the backing of PEAK Elevator™’s established brand, elevator and escalator professionals can become their own boss in a promising market.
Founders Randy and Jim McGinnis leveraged their collective expertise in the areas of elevator and escalator installation, maintenance, repair and modernization to develop a refined business model for aspiring entrepreneurs. With customer satisfaction, quality and integrity at its core, PEAK Elevator™’s franchise model serves as a blueprint for those looking to fulfill their dreams of starting an independent elevator repair company. Together, the McGinnis brothers have pioneered a shift in the industry and are honored to share their expertise in this comprehensive franchise offering.

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.