Slim & Fit vs Iron Tribe Fitness Franchise Comparison

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

Start-Up Costs and Fees
 
Slim & Fit Franchise
Iron Tribe Fitness Franchise
Investment $56,100 - $132,500$300,000 - $433,500
Franchise Fee $30,000$42,000
Royalty Fee 5% down to 3%6%
Advertising Fee 3% local1%
Year Founded -2010
Year Franchised -2012
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Slim & Fit Franchise
Iron Tribe Fitness Franchise
Experience --

Financing Options
 
Slim & Fit Franchise
Iron Tribe Fitness Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Slim & Fit Franchise
Iron Tribe Fitness Franchise
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
 
Slim & Fit Franchise
Iron Tribe Fitness Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Slim & Fit

The health and fitness market is highly fragmented. There is substantial opportunity for sustained growth within this segment which in itself is a Multi-Billion Dollar Booming Industry. Current health care legislation will focus even more attention on those overweight as obesity is quickly replacing smoking as the public health enemy number one of the future. Weight loss alone in the United States is a $100+ billion dollar industry annually. It is estimated that more than 2 our of 3 Americans are 30+ pounds overweight. Industry Growth in servicing the demand in this sector is projected to $500 million in the next 4 years from over 100 million potential new customers. We are looking for franchisees to help us "go out and get the country in great shape." We encourage you to review this entire website as it contains information about our business system as well as our product and service offerings. Once you have reviewed our website, it will be time to speak with our sales and marketing staff to help you qualify to become one of our franchisees.

About Iron Tribe Fitness

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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. "The  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.