Start-Up Costs and Fees |
||
| 21 Minute Convenience Fitness | Shred415 | |
| Investment | 124500 - 195300 | 440280 - 959200 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 3% | 8% |
| Advertising Fee | ||
| Year Founded | 2003 | 1986 |
| Year Franchised | 2005 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| 21 Minute Convenience Fitness | Shred415 | |
| Experience | ||
Financing Options |
||
| 21 Minute Convenience Fitness | Shred415 | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| 21 Minute Convenience Fitness | Shred415 | |
| Training | Internet | On-The-Job Training: 48 hours Classroom Training: 32 hours |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. | Absentee Ownership Allowed |
Expansion Plans |
||
| 21 Minute Convenience Fitness | Shred415 | |
| 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 | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| 21 Minute Convenience Fitness | |
| Shred415 | |
| Franchise Fee | |
| 21 Minute Convenience Fitness | |
| Shred415 | |
| Royalty Fee | |
| 21 Minute Convenience Fitness | 3% |
| Shred415 | 8% |
| Advertising Fee | |
| 21 Minute Convenience Fitness | |
| Shred415 | |
| Year Founded | |
| 21 Minute Convenience Fitness | 2003 |
| Shred415 | 1986 |
| Year Franchised | |
| 21 Minute Convenience Fitness | 2005 |
| Shred415 | 2004 |
| Term Of Agreement | |
| 21 Minute Convenience Fitness | 10 years |
| Shred415 | 10 years |
| Renewal Fee | |
| 21 Minute Convenience Fitness | 25% of fran. fee |
| Shred415 | |
Business Experience Requirements |
|
| Experience | |
| 21 Minute Convenience Fitness | |
| Shred415 | |
Financing Options |
|
| Franchise Fees | |
| 21 Minute Convenience Fitness | No |
| Shred415 | No |
| Start-up Costs | |
| 21 Minute Convenience Fitness | |
| Shred415 | |
| Equipment | |
| 21 Minute Convenience Fitness} | |
| Shred415 | |
| Inventory | |
| 21 Minute Convenience Fitness | |
| Shred415 | |
| Receivables | |
| 21 Minute Convenience Fitness | |
| Shred415 | |
| Payroll | |
| 21 Minute Convenience Fitness | |
| Shred415 | |
Training & Support |
|
| Training | |
| 21 Minute Convenience Fitness | Internet |
| Shred415 | On-The-Job Training: 48 hours Classroom Training: 32 hours |
| Support | |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Shred415 | Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| Shred415 | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| 21 Minute Convenience Fitness | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. |
| Shred415 | Absentee Ownership Allowed |
Expansion Plans |
|
| US Expansion | |
| 21 Minute Convenience Fitness | |
| Shred415 | 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 | |
| 21 Minute Convenience Fitness | |
| Shred415 | |
| International Expansion | |
| 21 Minute Convenience Fitness | |
| Shred415 | |