Plato's Closet vs Fitness Machine Technicians Franchise Comparison

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

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


Business Experience Requirements
  Plato's Closet Fitness Machine Technicians
Experience

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

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

Expansion Plans
  Plato's Closet Fitness Machine Technicians
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
Plato's Closet
Fitness Machine Technicians
Franchise Fee
Plato's Closet
Fitness Machine Technicians
Royalty Fee
Plato's Closet 5%
Fitness Machine Technicians 6%
Advertising Fee
Plato's Closet $1K/yr.
Fitness Machine Technicians 1%
Year Founded
Plato's Closet 1998
Fitness Machine Technicians 2002
Year Franchised
Plato's Closet 1999
Fitness Machine Technicians 2012
Term Of Agreement
Plato's Closet 10 years
Fitness Machine Technicians
Renewal Fee
Plato's Closet 5000
Fitness Machine Technicians


Business Experience Requirements
Experience
Plato's Closet
Fitness Machine Technicians

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

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

Expansion Plans
US Expansion
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
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
Canada Expansion
Plato's Closet Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory
Fitness Machine Technicians
International Expansion
Plato's Closet
Fitness Machine Technicians