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Below is an in-depth analysis and side-by-side comparison of Shred415 vs Stretch U including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $440,280 - $959,200 | $49,650 - $508,306 |
Franchise Fee | $50,000 | $29,000 - $344,806 |
Royalty Fee | 8% | 6% |
Advertising Fee | - | 2% |
Year Founded | 1986 | 2010 |
Year Franchised | 2004 | 2012 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | On-The-Job Training: 48 hours Classroom Training: 32 hours | Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including: Stretch Training Techniques Basic Management BDP, & SOP training; financial and KPI training Sales and marketing training Software Training |
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 |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
All of Stretch U’s locations are currently corporately owned stores or
licensed affiliates. We may decide to franchise in the future and if you
are interested, you can send an inquiry to [email protected].