KID-FIT vs Iron Tribe Fitness Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of KID-FIT vs Iron Tribe Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$8,999 - $10,000 | $300,000 - $433,500 |
Franchise Fee |
N/A | $42,000 |
Royalty Fee |
- | 6% |
Advertising Fee |
- | 1% |
Year Founded |
1986 | 2010 |
Year Franchised |
2005 | 2012 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- |
On-The-Job Training: 20 hours
Additional Training: Online pre-training course
|
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
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
|
Operations |
- |
Absentee Ownership Allowed
Number of Employees Required to Run: 5
|
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
- | - |
International Expansion |
- | - |
Company Overviews
About KID-FIT
KID-FIT is an affordable children’s
business opportunity that is both profitable and rewarding. KID-FIT
offers a low start up cost and quicker return on investment compared to
other children’s fitness business opportunities and franchises, . You get
everything you need with step by step instructions on how to
build your business specifically, from the ground up, without prior sales experience.
Designed for you and your specific area.
What you need to get started:
- Business Package: $8999.00 - $9999.99 (or less if on a payment plan)
- One year of Liability Insurance: $375
- $4500 Approximately for equipment
- Approximately $100 month Marketing costs
- MS Office Professional
- DVD duplicating software
Additional Streams of Earnings:
All Business licensees are automatically considered brokers for the
KID-FIT program. As such, commission is earned on each sign up and each
renewal. See KID-FIT Zones.
Funds can also be generated from related sales on a number of KID-FIT
branded merchandise items, apparel, and more as approved by the
corporate office.
Your drive, experience, motivation and determination will dictate how
much money you earn. You’ll benefit from our complete Press Kit, 2-Year
Building Relationships Marketing Plan, Demo Kit with step-by-step
instructions, Sales Presentation Package, accounting plan with billing
template, all administrative documents needed to run your business,
office set-up and more as we constantly create and add items on request.About Iron Tribe Fitness
Iron Tribe was founded by fitness industry veteran, Forrest Walden,
back in 2008 in his 400 square foot garage. Initially, it was just to
have a place for Forrest to do group-based workouts with his friends
because he couldn’t find anywhere locally that offered the right amount
of space and equipment. There was no charge to belong, but you had to
have a personal invite.
As more
and more friends begged to come and join his garage gym, Forrest began
to dream about what it would look like to start a brand-new concept that
would take his team-based, group workouts to the next level and allow
more lives to be impacted.
The first official Iron Tribe
location opened in February of 2010. The response from the community was
immediate and overwhelming. In fact, the 250 membership cap was reached
in under 8 months with a growing waiting list .
That location has
operated at max capacity since September of 2010 eventually moving
across the street and expanding the location to serve 300 clients.