Shred415 vs Profile by Sanford Franchise Comparison

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

Start-Up Costs and Fees
 
Shred415 Franchise
Profile by Sanford Franchise
Investment $440,280 - $959,200$388,500 - $634,500
Franchise Fee $50,000$49,500
Royalty Fee 8%5%
Advertising Fee -2%
Year Founded 19862012
Year Franchised 20042014
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Shred415 Franchise
Profile by Sanford Franchise
Experience --

Financing Options
 
Shred415 Franchise
Profile by Sanford Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/Yes
Start-up Costs No/No-/Yes
Equipment No/No-/Yes
Inventory No/No-/Yes
Receivables No/No-/Yes
Payroll No/No-/Yes

Training & Support
 
Shred415 Franchise
Profile by Sanford Franchise
Training On-The-Job Training: 48 hours Classroom Training: 32 hours On-The-Job Training: 228 hours Classroom Training: 32 hours Additional Training: 15 hours annually
Support Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line 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/appCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations Absentee Ownership AllowedNumber of Employees Required to Run: 5

Expansion Plans
 
Shred415 Franchise
Profile by Sanford Franchise
US Expansion YesYes
Canada Expansion NoYes
International Expansion Yes-

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 Profile by Sanford

Profile by Sanford is a comprehensive weight loss and weight management program designed by the physicians and experts at Sanford Health. The program utilizes a certified health coach and offers integrated technology and meal replacement products to provide members with a solution for nutrition, activity, and lifestyle changes. Be part of the $20+ billion weight loss industry, helping nearly 70% of Americans who are overweight.
 * Align with an evidence-based program designed by physicians and scientists with proven results
 * Be backed by Sanford Health, the largest rural non-profit health system in the nation
 *Join an organization that's focused on preventative medicine and bettering the lives of its members.
 *Real estate site selection consultation.
 *Ongoing operations and management support
 *Staff training and certification program.
 *Assistance and access to promotions and marketing campaigns.

 *Technology software and IT System support.

Do What You Love. Change Lives

The total investment necessary to begin operation of a single PROFILE SANFORD franchise ranges from $388,500 to $634,500 for a stand-alone store, and from $183,000 to $334,200 for an in-facility store. This includes $183,000 to $334,200 for a stand-alone store, and $123,000 to $158,200 for an in-facility store, that must be paid to the franchisor or affiliate.
Veteran Incentives  $5,000 off franchise fee

#39 in Franchise 500 for 2021. (First time on Franchise 500)