Shred415 vs The Max Challenge Franchise Comparison

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

Start-Up Costs and Fees

 
Shred415 Franchise
The Max Challenge Franchise
Investment $440,280 - $959,200$131,868 - $280,592
Franchise Fee $50,000$40,000
Royalty Fee 8%6%
Advertising Fee -2%
Year Founded 19862011
Year Franchised 20042013
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Shred415 Franchise
The Max Challenge Franchise
Experience --

Financing Options

 
Shred415 Franchise
The Max Challenge Franchise
  In-House/3rd PartyIn-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

 
Shred415 Franchise
The Max Challenge Franchise
Training On-The-Job Training: 48 hours Classroom Training: 32 hours On-The-Job Training: 18 hours Classroom Training: 40 hours Additional Training: Ongoing virtual training
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 Security/Safety Procedures 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 AllowedAbsentee Ownership Allowed

Number of Employees Required to Run: 2


Expansion Plans

 
Shred415 Franchise
The Max Challenge Franchise
US Expansion Yes-
Canada Expansion No-
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 The Max Challenge

THE MAX Challenge gives our Franchise Owners the opportunity to make an incredible financial return on their investment while truly making a difference in the lives of their members and the community. Enjoy comprehensive guidance and strong ongoing support as you start on your path to fitness franchise ownership.

Veteran Incentives  $5,000 off franchise fee