Shred415 vs Fitness Together Franchise Comparison

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

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


Business Experience Requirements
  Shred415 Fitness Together
Experience Industry experience

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

Training & Support
  Shred415 Fitness Together
Training On-The-Job Training: 48 hours Classroom Training: 32 hours Classroom Training: 40 hours
Support Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations Absentee Ownership Allowed 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)

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


Business Experience Requirements
Experience
Shred415
Fitness Together Industry experience

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

Training & Support
Training
Shred415 On-The-Job Training: 48 hours Classroom Training: 32 hours
Fitness Together Classroom Training: 40 hours
Support
Shred415 Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Fitness Together Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing
Shred415 Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Fitness Together Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations
Shred415 Absentee Ownership Allowed
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)

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