Fitness Machine Technicians Fmt Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$65,950 - $127,990
Franchise Fee
$21,250
Min Cash Required
$15,000
Total US Locations
140
Business Summary
Fitness Machine Technicians FMT operates businesses that provide maintenance and repair products and services for various types of exercise equipment. The company serves a diverse customer base, including individuals who own exercise equipment, as well as commercial entities such as colleges, universities, hotels, and apartment buildings.
Corporate History
The Fitness Machine Technicians FMT franchise system was founded in October 2011 by Don Powers as Proexco, LLC, initially operating under the name 'Exertech' and offering franchises starting in 2012. The brand rebranded to 'Fitness Machine Technicians FMT' in 2015. Main Line Brands LLC, the current franchisor, was originally formed as Authority Franchising, LLC on September 10, 2020, and changed its name to Main Line Brands LLC on March 18, 2021. Main Line Brands LLC acquired Proexco, LLC in May 2022 and began offering Fitness Machine Technicians FMT franchises in May 2023. The franchisor also operates Mosquito Authority and Pest Authority franchise systems.
Financial Overview
Investment Range
$65,950 - $127,990
Franchise Fee (Low)
$21,250
Franchise Fee (High)
$45,000
Minimum Cash Required
$15,000
Royalty %
6%
Marketing %
1%
Equipment Costs (Low)
$2,300
Equipment Costs (High)
$10,500
Working Capital
$20,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Main Line Brands LLC has received an unqualified audit opinion on its financial statements for 2023 and 2024, indicating that the statements present the company's financial position fairly. However, the company is contingently liable as a co-borrower with its member (Main Line Brands Holdings, LLC) on significant notes payable, totaling approximately $10.5 million in 2024, and a revolving note. Management expects the member to be responsible for these payments, which have historically been made through distributions from the company. Should the member become delinquent, Main Line Brands LLC would be obligated to make the payments. The notes and revolving note are collateralized by substantially all of the company's assets and are subject to financial covenants, which the company was in compliance with as of December 31, 2023 and 2022.
Financing Details
Fitness Machine Technicians FMT does not offer any direct or indirect financing to franchisees. Franchisees are responsible for securing their own loans, leases, or other financial obligations, as the franchisor does not guarantee any notes or obligations.
Performance Metrics
Total US Locations
140
Franchised Units
132
Corporate Units
8
Franchising Since
2023
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Count
5
Litigation Summary
Fitness Machine Technicians FMT itself has no pending or concluded litigation required to be disclosed in its Franchise Disclosure Document. However, its predecessor for the Mosquito Authority brand, TMA Franchise Systems, Inc., was involved in several state regulatory actions between 2013 and 2017 for selling unregistered franchises and failing to provide proper disclosure documents in Maryland, Rhode Island, Virginia, and Minnesota. These cases were resolved through consent orders and settlement agreements, resulting in fines, rescission offers, and commitments to comply with state franchise laws. Additionally, an affiliate, Soccer Shots Franchising, LLC, entered into an Assurance of Discontinuance in Washington state in 2019 regarding 'no-poaching provisions' in its franchise agreements, but this action does not impact Fitness Machine Technicians FMT or allege unlawful conduct by the brand.
Bankruptcy History
Fitness Machine Technicians FMT has no bankruptcy history to report.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew the franchise agreement, Fitness Machine Technicians FMT franchisees must notify the franchisor between six and nine months before the initial term ends. Franchisees must be in good standing, current on all payments, and not in default of their agreement. They may also be required to upgrade equipment to meet current standards. Upon renewal, franchisees must sign a general release, enter into a new successor franchise agreement, and pay a successor agreement fee. The new agreement may have materially different terms and conditions, but the territory boundaries will remain the same, and the fees will not be higher than those offered to similarly situated franchisees.
Training & Support Program
Franchisor Assistance
Fitness Machine Technicians FMT provides several forms of assistance to its franchisees. Before opening, the franchisor designates the franchise type and territory, lends Brand Standards Manuals, offers an initial training program for up to three people without additional charge, approves computer hardware/software, approves service vehicles, and provides pre-opening and first-year marketing assistance. Ongoing support includes occasional instructions and forms, information on approved suppliers, administration of a Brand Development Fund for national and regional advertising, consultation on business operations, and annual mandatory meetings covering sales, training, and marketing. Fitness Machine Technicians FMT also offers additional training upon request or as required, determines minimum/maximum pricing when legally permitted, and conducts periodic mandatory refresher training. Franchisees in their first year are encouraged to submit preventative maintenance estimates for review, a practice that may be required at any time. The franchisor also maintains a website/intranet, provides social media guidelines, and may form advisory councils. Franchisees are required to use specific software platforms like ServiceMinder for operations and QuickBooks/FranConnect for financial reporting, with the franchisor having independent access to business data.
Initial Training Hours
97
Training Location
Various locations
Ongoing Support
After opening, Fitness Machine Technicians FMT franchisees receive various forms of ongoing support. The franchisor occasionally provides new instructions, forms, and information related to system operations. They also maintain a list of approved suppliers and manage a Brand Development Fund for national and regional advertising. Franchisees have access to consultation for operational problems and must attend an annual meeting to discuss sales, training, performance, and advertising. The franchisor offers additional training on-site at the franchisee's request or if deemed necessary, for a fee. Mandatory periodic refresher training sessions are also provided, with fees ranging from $200 to $700 per course plus expenses. During the first year, franchisees are encouraged to submit preventative maintenance estimates for review, a practice that may be required at any time. The franchisor also specifies the use of required computer systems and software, to which they have independent access for data. Additionally, Fitness Machine Technicians FMT maintains a website and may implement social media management services and form advisory councils.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Hands-On
Territory Type
Non-Exclusive
Territory Size Requirements
Fitness Machine Technicians FMT offers two types of territories: Full-Size Franchises and Hometown Franchises. A Full-Size Franchise territory is based on an area with a combined population of approximately 800,000 people, determined by recent U.S. Census data or other statistical sources chosen by the franchisor. Hometown Franchises serve smaller communities and do not have a specific minimum population requirement, though population is taken into account. The franchisor reserves the right to change territory population limits.
Staffing Notes
Fitness Machine Technicians FMT requires franchisees to oversee daily operations for the first six months. After this initial period, owners are expected to participate full-time in day-to-day operations. If the owner does not participate full-time, they must hire a manager with the franchisor's prior consent, and both the owner and manager must complete initial training. Additionally, for at least the first three months of operation, franchisees must hire a trained administrative professional to handle internal tasks, with duties determined by their capacity and skill. Franchisees are also anticipated to hire or contract with at least one part-time service technician. System Standards may regulate staffing levels, employee/independent contractor qualifications, training, dress, and appearance.