Shred415 vs CycleBar Franchise Comparison

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

Start-Up Costs and Fees
 
Shred415 Franchise
CycleBar Franchise
Investment $440,280 - $959,200$402,650 - $498,700
Franchise Fee $50,000$60,000
Royalty Fee 8%7%
Advertising Fee -2%
Year Founded 19862014
Year Franchised 20042015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Shred415 Franchise
CycleBar Franchise
Experience --

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

Training & Support
 
Shred415 Franchise
CycleBar Franchise
Training On-The-Job Training: 48 hours Classroom Training: 32 hours On-The-Job Training: 5 days Classroom Training: 14 days
Support Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
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
Operations Absentee Ownership AllowedNumber of Employees Required to Run: 15

Expansion Plans
 
Shred415 Franchise
CycleBar Franchise
US Expansion YesYes
Canada Expansion No-
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 CycleBar

CycleBar is the largest network of Premium Indoor Cycling studios, with more than 180 locations slated to open throughout 2018. The concept of indoor cycling has built incredible momentum over the last 30 years. Offering concierge-level service and premium amenities, CycleBar has capitalized on this momentum and is experiencing exceptional success in a proven industry.
CycleBar’s turnkey franchise model provides a completely scalable business that lets you determine your own success. Leverage significant development costs and national vendor relationships to launch your studio successfully!

Veteran Incentives  $1,500 off franchise fee

"Entrepreneur
#479 in Franchise 500 for 2020.
#351 in Franchise 500 for 2021
.