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Updated RecentlyShred415 vs Fitness Premier Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Shred415 vs Fitness Premier 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 | $294,850 - $621,500 |
| Franchise Fee | $50,000 | $30,000 |
| Royalty Fee | 8% | - |
| Advertising Fee | - | - |
| Year Founded | 1986 | 2006 |
| Year Franchised | 2004 | 2016 |
| 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 | - |
| 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 | - |
| 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 Fitness Premier
!["Fitness]("https://fddexchange.com/wp-content/uploads/2020/03/Fitness-Premier.jpg")
As a Fitness Premier Franchising, LLC franchisee, you will own and operate a business
that provides fitness services and systems through affordable
membership programs under the tradename Fitness Premier .- Cost effective to open
- Turnkey solutions
- Back end operational support (which enables our franchisees to focus on clients and enjoying their career)
- High profit margins
- Earn a living by making a difference
- Proven model
- Unique hybrid model that drives member experience