Start-Up Costs and Fees |
||
| Shred415 | HOTWORX Studio | |
| Investment | 440280 - 959200 | 188070 - 351885 |
| Franchise Fee | 0 | |
| Royalty Fee | 8% | $550/mo. |
| Advertising Fee | ||
| Year Founded | 1986 | 2016 |
| Year Franchised | 2004 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Shred415 | HOTWORX Studio | |
| Experience | ||
Financing Options |
||
| Shred415 | HOTWORX Studio | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Shred415 | HOTWORX Studio | |
| Training | On-The-Job Training: 48 hours Classroom Training: 32 hours | |
| Support | 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 | |
| Operations | Absentee Ownership Allowed | |
Expansion Plans |
||
| Shred415 | HOTWORX Studio | |
| 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 | |
| HOTWORX Studio | |
| Franchise Fee | |
| Shred415 | |
| HOTWORX Studio | |
| Royalty Fee | |
| Shred415 | 8% |
| HOTWORX Studio | $550/mo. |
| Advertising Fee | |
| Shred415 | |
| HOTWORX Studio | |
| Year Founded | |
| Shred415 | 1986 |
| HOTWORX Studio | 2016 |
| Year Franchised | |
| Shred415 | 2004 |
| HOTWORX Studio | 2017 |
| Term Of Agreement | |
| Shred415 | 10 years |
| HOTWORX Studio | |
| Renewal Fee | |
| Shred415 | |
| HOTWORX Studio | |
Business Experience Requirements |
|
| Experience | |
| Shred415 | |
| HOTWORX Studio | |
Financing Options |
|
| Franchise Fees | |
| Shred415 | No |
| HOTWORX Studio | No |
| Start-up Costs | |
| Shred415 | |
| HOTWORX Studio | |
| Equipment | |
| Shred415} | |
| HOTWORX Studio | |
| Inventory | |
| Shred415 | |
| HOTWORX Studio | |
| Receivables | |
| Shred415 | |
| HOTWORX Studio | |
| Payroll | |
| Shred415 | |
| HOTWORX Studio | |
Training & Support |
|
| Training | |
| Shred415 | On-The-Job Training: 48 hours Classroom Training: 32 hours |
| HOTWORX Studio | |
| Support | |
| Shred415 | Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| HOTWORX Studio | |
| Marketing | |
| Shred415 | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| HOTWORX Studio | |
| Operations | |
| Shred415 | Absentee Ownership Allowed |
| HOTWORX Studio | |
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 |
| HOTWORX Studio | 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 | |
| HOTWORX Studio | |
| International Expansion | |
| Shred415 | |
| HOTWORX Studio | |