Fitness Machine Technicians vs Thriveworks Franchise Comparison

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

Start-Up Costs and Fees

 
Fitness Machine Technicians Franchise
Thriveworks Franchise
Investment $71,450 - $118,490$16,700 - $79,282
Franchise Fee $40,000 - $45,000$10,000 - $20,000
Royalty Fee 6%3%
Advertising Fee 1%1%
Year Founded 20022008
Year Franchised 20122013
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Fitness Machine Technicians Franchise
Thriveworks Franchise
Experience --

Financing Options

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

Training & Support

 
Fitness Machine Technicians Franchise
Thriveworks Franchise
Training On-The-Job Training: 80 hours Classroom Training: 46 hours Additional Training: Field training On-The-Job Training: 1-2 days Classroom Training: 3 days Additional Training: At company-owned center
Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
Marketing Ad Templates Social media SEO Website development -
Operations Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2 -

Expansion Plans

 
Fitness Machine Technicians Franchise
Thriveworks Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

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:
  • 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.

About Thriveworks

A Thriveworks franchise is a unique turn-key counseling business opportunity unlike anything else in the field. Thriveworks is the country’s fastest growing brand of counseling centers and offers well-qualified franchisees a therapy practice with:

A Thriveworks practice could be the right investment for your career and future.  Are you ready?

The Initial Franchise Fee is $10,000 to convert an existing practice into a Thriveworks center (“Conversion Model”) or $20,000 for a new startup center (“Standard Model”) with exclusive rights to operate in a specific area as defined by the franchisor. Additional franchises will be available for a reduced fee of $5,000 per Franchise.
The total investment necessary to begin operation of a Thriveworks Franchise ranges from $16,700 to $31,800 for a Conversion Model and from $36,100 to $79,282 for a Standard Model which will depend on a number of factors that are fully discussed in Item 7. This includes the Initial Franchise Fee of $10,000 for a Conversion Model or $20,000 for a Standard Model (as discussed in Item 5) that must be paid to Thriveworks Franchising LLC or an affiliate.