Fitness Machine Technicians (FMT)

Fitness Machine Technicians (FMT)

Exercise equipment service and repairs
Find out what franchise is right for you
2021 Franchise 500 Rank
#208 Not ranked last year
See the Full List
Initial investment
$71K - $118K
Units as of 2020
39 875.0% over 3 years

Company Overview

About Fitness Machine Technicians (FMT)

Industry
Services (Other)
Founded
2002
Leadership
Don Powers, Founder/CEO

Franchising Overview

Franchising Since
2012 (9 years)
# of employees at HQ
9
Where seeking

This company is seeking new franchisees throughout the US.

# of Units
39 (as of 2020)

Franchisor Information

Social
Facebook, LinkedIn
Corporate Address
134 Pennsylvania Ave.
Malvern, PA 19355

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Fitness Machine Technicians (FMT) franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$40,000 - $45,000
Initial Investment
$71,450 - $118,490
Royalty Fee
6%
Ad Royalty Fee
1%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Fitness Machine Technicians (FMT) has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
40-80 hours
Classroom Training
15-17 hours
Ongoing Support
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Fitness Machine Technicians (FMT) landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Fitness Machine Technicians (FMT) ranked on other franchise lists? Find out below.

Ranked #208

Franchise 500 Ranking

Ranked #24

Top Franchises for Less Than $100,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021