Red Effect Infrared Fitness vs Mayweather Boxing + Fitness Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Red Effect Infrared Fitness vs Mayweather Boxing + Fitness including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$149,500 - $1,037,500 | $39,500 - $698,000 |
Franchise Fee |
$45,000 | $39,500 |
Royalty Fee |
7% | - |
Advertising Fee |
2% | - |
Year Founded |
2016 | 2018 |
Year Franchised |
2016 | 2018 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
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 |
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 |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
Yes | - |
Company Overviews
About Red Effect Infrared Fitness
Imagine being an integral part of the next big thing in fitness!
At Red Effect Infrared Fitness we provide a unique, life-changing
approach to wellness.
Our group fitness classes combine infrared
therapy, heart rate monitoring and
high-intensity interval training to
provide our customers with a fitness routine they love.
Our members, trainers, and staff feel the effect from more than just
the infrared.
We have seen our members experience changes in body
composition, energy levels,
self-confidence, muscle recovery, health
conditions and more.
With each success story, we pass on the effect.
Red Effect is now offering franchising opportunities.
Discover the benefits of being a Red Effect gym owner.
The total investment necessary to begin operation of a Standard Studio
is from $283,000 to $718,000. This includes $157,000 to $594,000 that
must be paid to the franchisor or its affiliates.
The total investment
necessary to begin operation of a Red Effect for Women Studio is from
$149,500 to $349,200. This includes $101,750 to $228,500 that must be
paid to the franchisor or its affiliates.
The total investment necessary
to begin operation of an Executive Club is from $863,500 to $1,037,500.
This includes $479,000 to $873,000 that must be paid to the franchisor
or its affiliates.
About Mayweather Boxing + Fitness
Invest in your future with Team Mayweather. Join our fast-growing and
financially attractive franchise platform. Developed throughout two
decades of Floyd’s career, we have become the most exciting brand in
fitness today. Our franchisees are supported by an industry-leading team
who have built multiple successful fitness franchise brands.
The Initial Franchise Fee is $15,000 to convert an existing
fitness-related business into a Mayweather Boxing + Fitness™ business
(“Conversion Model”) or $39,500 for a new startup business (“Standard
Model”) with protected rights to operate in a specific area as defined
by the franchisor. Additional franchises may be available for those
franchisees who have bought at least one franchise, at a reduced fee of
$29,500 per Franchise.
The total investment necessary to begin the
operation of a Mayweather Boxing + Fitness™ franchise ranges from
$116,000 to $405,000 for a Conversion Model and from $282,000 to
$698,000 for a Standard Model which will depend on a number of factors
which are further discussed in Item 7 of the FDD. Regardless of the model, this
includes $42,485 to $48,825 that must be paid to Franchisor or an
affiliate. This includes the Initial Franchise Fee of $15,000 for a
Conversion Model or $39,500 for a Standard Model (as discussed in Item
5) that must be paid to the Franchisor or affiliate.
The franchisor also
may grant multi-unit development right to qualified franchisees, who
then will have the right to develop a number of Mayweather Boxing +
Fitness™ businesses under a Development Rider. The Initial Franchisee
Fee for the first franchise purchased is $39,500 with the same initial
investment for the Standard Model as described above, plus a
non-refundable Development Fee which is a deposit of $14,500 for each
additional Mayweather Boxing + Fitness™ business to be developed. The
Development Fee is applied to the reduced franchise fee of $29,500 for
each additional Franchise to be developed.