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Below is an in-depth analysis and side-by-side comparison of Fit after Fifty vs Red Effect Infrared Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $39,800 - $47,200 | $149,500 - $1,037,500 |
Franchise Fee | N/A | $45,000 |
Royalty Fee | - | 7% |
Advertising Fee | - | 2% |
Year Founded | 2003 | 2016 |
Year Franchised | 2004 | 2016 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
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/Yes |
Start-up Costs | -/- | No/Yes |
Equipment | -/- | No/Yes |
Inventory | -/- | No/Yes |
Receivables | -/- | No/Yes |
Payroll | -/- | No/Yes |
Training & Support |
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Training | - | On-The-Job Training: 386 hours Classroom Training: 94 hours Additional Training: 15 hours annually |
Support | - | 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 Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations | - | Number of Employees Required to Run: 5 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
Fit After 50 is a simple and satisfying business to own. With just a
small investment it can provide a good return to the studio owner. The
primary skills required to be a successful franchisee are an
entrepreneurial background and the desire to have fun! You spend your
days enjoying a non-stressful, healthy, social environment. You
experience the rewards of witnessing improvements to your members\'
health and well being. Basically, this is a "feel good, do good"
business....and you\'re working for yourself!