Fitness Together vs Shred415 Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Fitness Together vs Shred415 including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Fitness Together Shred415
Investment 189162 - 328576 440280 - 959200
Franchise Fee 0 0
Royalty Fee 6% 8%
Advertising Fee 2%
Year Founded 1984 1986
Year Franchised 1996 2004
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Fitness Together Shred415
Experience Industry experience

Financing Options
  Fitness Together Shred415
 
Franchise Fees No No
Start-up Costs No No
Equipment No No
Inventory No No
Receivables No No
Payroll No No

Training & Support
  Fitness Together Shred415
Training Classroom Training: 40 hours On-The-Job Training: 48 hours Classroom Training: 32 hours
Support Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) Absentee Ownership Allowed

Expansion Plans
  Fitness Together 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 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
Fitness Together
Shred415
Franchise Fee
Fitness Together
Shred415
Royalty Fee
Fitness Together 6%
Shred415 8%
Advertising Fee
Fitness Together 2%
Shred415
Year Founded
Fitness Together 1984
Shred415 1986
Year Franchised
Fitness Together 1996
Shred415 2004
Term Of Agreement
Fitness Together 10 years
Shred415 10 years
Renewal Fee
Fitness Together 25% of current franchise fee
Shred415


Business Experience Requirements
Experience
Fitness Together Industry experience
Shred415

Financing Options
 
Franchise Fees
Fitness Together No
Shred415 No
Start-up Costs
Fitness Together
Shred415
Equipment
Fitness Together}
Shred415
Inventory
Fitness Together
Shred415
Receivables
Fitness Together
Shred415
Payroll
Fitness Together
Shred415

Training & Support
Training
Fitness Together Classroom Training: 40 hours
Shred415 On-The-Job Training: 48 hours Classroom Training: 32 hours
Support
Fitness Together Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Shred415 Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing
Fitness Together Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Shred415 Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations
Fitness Together International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)
Shred415 Absentee Ownership Allowed

Expansion Plans
US Expansion
Fitness Together 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
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
Fitness Together
Shred415
International Expansion
Fitness Together
Shred415