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Updated RecentlyFitness Machine Technicians vs Growth Concepts Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Fitness Machine Technicians vs Growth Concepts including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $71,450 - $118,490 | $500 |
| Franchise Fee | $40,000 - $45,000 | N/A |
| Royalty Fee | 6% | - |
| Advertising Fee | 1% | - |
| Year Founded | 2002 | 1989 |
| Year Franchised | 2012 | 2017 |
| 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 | 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 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.
About Growth Concepts
!["Growth]("http://growthconcepts.org/wp-content/uploads/newcleangrologo2.jpg")
Growth Concepts is the leading provider of tools and processes for
maximizing business value for increasing and leveraging equity.
We have been assisting Businesses Owners/Buyers since 1989.
We honor and train Business Owners/Employees
and Ambassadors of Business Equity
using the STS Business Equity System
throughout the world.