Fitness Machine Technicians vs Plato's Closet Franchise Comparison

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

Start-Up Costs and Fees
  Fitness Machine Technicians Plato's Closet
Investment 71450 - 118490 251700 - 390700
Franchise Fee
Royalty Fee 6% 5%
Advertising Fee 1% $1K/yr.
Year Founded 2002 1998
Year Franchised 2012 1999
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Fitness Machine Technicians Plato's Closet
Experience

Financing Options
  Fitness Machine Technicians Plato's Closet
 
Franchise Fees Yes No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Fitness Machine Technicians Plato's Closet
Training On-The-Job Training: 80 hours Classroom Training: 46 hours Additional Training: Field training On-The-Job Training: 30 hours Classroom Training: 48 hours
Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Ad Templates Social media SEO Website development Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2 Number of Employees Required to Run: 3 - 5

Expansion Plans
  Fitness Machine Technicians Plato's Closet
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
International Expansion

Start-Up Costs and Fees Mobile
Investment
Fitness Machine Technicians
Plato's Closet
Franchise Fee
Fitness Machine Technicians
Plato's Closet
Royalty Fee
Fitness Machine Technicians 6%
Plato's Closet 5%
Advertising Fee
Fitness Machine Technicians 1%
Plato's Closet $1K/yr.
Year Founded
Fitness Machine Technicians 2002
Plato's Closet 1998
Year Franchised
Fitness Machine Technicians 2012
Plato's Closet 1999
Term Of Agreement
Fitness Machine Technicians
Plato's Closet 10 years
Renewal Fee
Fitness Machine Technicians
Plato's Closet 5000


Business Experience Requirements
Experience
Fitness Machine Technicians
Plato's Closet

Financing Options
 
Franchise Fees
Fitness Machine Technicians Yes
Plato's Closet Yes
Start-up Costs
Fitness Machine Technicians
Plato's Closet
Equipment
Fitness Machine Technicians}
Plato's Closet
Inventory
Fitness Machine Technicians
Plato's Closet
Receivables
Fitness Machine Technicians
Plato's Closet
Payroll
Fitness Machine Technicians
Plato's Closet

Training & Support
Training
Fitness Machine Technicians On-The-Job Training: 80 hours Classroom Training: 46 hours Additional Training: Field training
Plato's Closet On-The-Job Training: 30 hours Classroom Training: 48 hours
Support
Fitness Machine Technicians Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software
Plato's Closet Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing
Fitness Machine Technicians Ad Templates Social media SEO Website development
Plato's Closet Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations
Fitness Machine Technicians Absentee Ownership Allowed Number of Employees Required to Run: 1 - 2
Plato's Closet Number of Employees Required to Run: 3 - 5

Expansion Plans
US Expansion
Fitness Machine Technicians Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Plato's Closet Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
Fitness Machine Technicians
Plato's Closet Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
International Expansion
Fitness Machine Technicians
Plato's Closet