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Updated RecentlyFitness Machine Technicians vs Charles Schwab Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Fitness Machine Technicians vs Charles Schwab 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 | N/A |
| Franchise Fee | $40,000 - $45,000 | N/A |
| Royalty Fee | 6% | - |
| Advertising Fee | 1% | - |
| Year Founded | 2002 | - |
| Year Franchised | 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 | 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 Charles Schwab
!["Charles]("https://fddexchange.com/wp-content/uploads/2019/07/Charles-Schwab.png")
The Independent Branch Leader will operate a branch office of Charles
Schwab & Co., Inc., a registered broker-dealer and investment
adviser, under the Charles Schwab® trade name and logo and offer retail
clients non-discretionary investment advice and access to a variety of
approved financial products and services.
Become a Charles Schwab franchisee, and you'll be part of a deeply trusted,
highly innovative brand where your clients will have access to a wider
range of products and services.