Shred415 vs Planet Fitness Franchise Comparison

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

Start-Up Costs and Fees
  Shred415 Planet Fitness
Investment 440280 - 959200 968100 - 4113000
Franchise Fee 0
Royalty Fee 8% 7% of Gross Membership Fees
Advertising Fee 9%
Year Founded 1986 1992
Year Franchised 2004 2003
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Shred415 Planet Fitness
Experience

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

Training & Support
  Shred415 Planet Fitness
Training On-The-Job Training: 48 hours Classroom Training: 32 hours * Available at headquarters: 2 weeks * At franchisee's location: as needed
Support Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app * Co-op advertising * Ad slicks * Regional advertising
Operations Absentee Ownership Allowed * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

Expansion Plans
  Shred415 Planet Fitness
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
Planet Fitness
Franchise Fee
Shred415
Planet Fitness
Royalty Fee
Shred415 8%
Planet Fitness 7% of Gross Membership Fees
Advertising Fee
Shred415
Planet Fitness 9%
Year Founded
Shred415 1986
Planet Fitness 1992
Year Franchised
Shred415 2004
Planet Fitness 2003
Term Of Agreement
Shred415 10 years
Planet Fitness 10 years
Renewal Fee
Shred415
Planet Fitness


Business Experience Requirements
Experience
Shred415
Planet Fitness

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

Training & Support
Training
Shred415 On-The-Job Training: 48 hours Classroom Training: 32 hours
Planet Fitness * Available at headquarters: 2 weeks * At franchisee's location: as needed
Support
Shred415 Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Planet Fitness * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives
Marketing
Shred415 Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Planet Fitness * Co-op advertising * Ad slicks * Regional advertising
Operations
Shred415 Absentee Ownership Allowed
Planet Fitness * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% 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
Planet Fitness 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
Planet Fitness
International Expansion
Shred415
Planet Fitness