Start a Fitness Machine Technicians (FMT) Franchise in 2024

2024 Franchise 500 Rank: N/R Ranked #404 last year

Initial investment: $66K - $128K

Units as of 2024: 121 13.1% over 3 years

Fitness Machine Technicians provides fitness equipment repair and maintenance services, as well as commercial assembly and disassembly of fitness equipment. The technicians are well versed in various brands and seek to help clients maintain their health clubs, corporate gyms, hotels, education facilities, and apartments.

The company founder, Don Powers, has vast experience, having been in the fitness industry since 1984. After noticing a gap in the fitness equipment repair market, he opened Fitness Machine Technicians in 2002. He began franchising the concept in 2012. There are over 40 Fitness Machine Technicians located across the United States. The ideal franchisee is an individual who has a passion for scaling their business, is aware of the opportunities in their community, and possesses excellent networking skills.

Why You May Want to Start a Fitness Machine Technicians Franchise

As a Fitness Machine Technicians franchisee, you will be in charge of the company's operations and business development. You can be a hands-on owner-manager or an absentee owner with an employed general manager. Fitness Machine Technicians may differ from their competitors because they have extensive experience and are an award-winning franchise.

The brand's mission is to provide reliable service, maintenance, and preventive fitness machine services while offering quality customer service at the same time. Their turn-around time is typically very good, and they may keep setting the standards in the industry. You will impact your community by allowing customers to have safe fitness equipment in good shape. Fitness enthusiasts will not encounter any "out of order" signs and inconveniences.

What Might Make a Fitness Machine Technicians Franchise a Good Choice?

To own a Fitness Machine Technicians franchise, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees.

So far, Fitness Machine Technicians’ business model has stood the test of time. The franchisor will provide you with all the tools you need to succeed, including potential clients, a field service management system, and support and marketing during your grand opening and beyond.

How To Open a Fitness Machine Technicians Franchise?

If you would like to get more information on the Fitness Machine Technicians franchise opportunity, you will need to submit a franchise inquiry form. If you appear to be a good fit, the director of franchise sales may contact you. Both parties will get to know each other better through a series of calls, webinars, or an in-person discovery day.

You will have an opportunity to learn more about the brand by interacting with the current franchisees and reviewing the Franchise Disclosure Document. If you are a good fit for Fitness Machine Technicians, you may be awarded a franchise agreement, and you will begin training.

It is important that you do your due diligence and ensure that Fitness Machine Technicians offers the right opportunity for you. You also may find it beneficial to meet with an attorney or financial advisor to make sure that you have the necessary funds to own and operate a Fitness Machine Technicians franchise.

Company Overview

About Fitness Machine Technicians (FMT)

Industry	Services (Other)
Related Categories	Miscellaneous Services, Miscellaneous Maintenance Businesses
Founded	2002
Parent Company	Main Line Brands
Leadership	Chris Buitron, CEO
Corporate Address	2359 Perimeter Pointe Pkwy., #250 Hickory, NC 28208
Social	Facebook, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since	2012 (12 years)
# of employees at HQ	20
Where seeking	This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming This company is offering new franchises in the following international regions: Canada
# of Units	121 (as of 2024)

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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$25,000 - $45,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$66,450 - $127,990
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$50,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000 - $150,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	15% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%-6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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: franchise fee, startup costs

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	15-20 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Field Operations Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates Social Media SEO Website Development Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	Yes
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	Yes
# of employees required to run	1-2
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes