Shred415 vs 21 Minute Convenience Fitness Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Shred415 vs 21 Minute Convenience Fitness including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Shred415 Franchise
21 Minute Convenience Fitness Franchise
Investment $440,280 - $959,200$124,500 - $195,300
Franchise Fee $50,000$29,500
Royalty Fee 8%3%
Advertising Fee --
Year Founded 19862003
Year Franchised 20042005
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -25% of fran. fee


Business Experience Requirements
 
Shred415 Franchise
21 Minute Convenience Fitness Franchise
Experience --

Financing Options
 
Shred415 Franchise
21 Minute Convenience Fitness Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/NoNo/Yes
Start-up Costs No/NoNo/Yes
Equipment No/NoNo/No
Inventory No/NoNo/No
Receivables No/NoNo/No
Payroll No/NoNo/No

Training & Support
 
Shred415 Franchise
21 Minute Convenience Fitness Franchise
Training On-The-Job Training: 48 hours Classroom Training: 32 hours Internet
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
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/appCo-op advertising, Ad slicks
Operations Absentee Ownership Allowed 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.

Expansion Plans
 
Shred415 Franchise
21 Minute Convenience Fitness Franchise
US Expansion Yes-
Canada Expansion NoNo
International Expansion YesYes

Company Overviews

About Shred415

The Shred415 experience is an instructor-led dynamic interval training class that tar‍‍‍gets all levels of clients. Created by Chicago fitness experts Bonnie Micheli and Tracy Roemer, who bring more than 25 years of fitness-training experience, the 60-minute workout alternates between treadmill and floor training and leaves its loyal fan base empowered and motivated.
 

Differentiated against key competition, The Shred415 experience is an instructor-led dynamic interval training class that tar‍‍‍gets all levels of clients.
Veteran Incentives  $1,500 off franchise fee
 

About 21 Minute Convenience Fitness

We are passionate about helping others succeed and invite you to explore a revolutionary business opportunity in the rapidly expanding fitness world. If you desire the freedom and independence to own and operate your own business, combined with the satisfaction of helping others achieve their health and fitness goals, then join 21 Minute Convenience Fitness, The Leader in Convenience Fitness. In 2004, former Harvard University economist, Zane Paul Pilzer, stated that the fitness, weight loss and wellness market in the US would grow from $300 billion to over one trillion dollars by the end of the decade!