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Updated RecentlyIron Tribe Fitness vs Physique 57 Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Iron Tribe Fitness vs Physique 57 including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $300,000 - $433,500 | $284,537 - $615,551 |
| Franchise Fee | $42,000 | $50,000 |
| Royalty Fee | 6% | 7% |
| Advertising Fee | 1% | - |
| Year Founded | 2010 | 2005 |
| Year Franchised | 2012 | 2019 |
| 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-The-Job Training: 20 hours Additional Training: Online pre-training course | On-The-Job Training: 40-185 hours Classroom Training: 45-100 hours |
| 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 | Grand Opening Security/Safety Procedures Field Operations Site Selection |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Ad Templates Social media SEO Website development Email marketing |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 5 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
About Iron Tribe Fitness
!["Iron]("https://www.irontribefitness.com/wp-content/themes/ironfitness/style/images/logo-tm.svg"){kind=logo}
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]("https://www.irontribefitness.com/wp-content/uploads/2020/06/Screen-Shot-2020-06-08-at-1.16.01-PM.png")
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 .
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.
About Physique 57
!["Physique]("https://fddexchange.com/wp-content/uploads/2020/08/Physique-57.jpg")
With studios across the globe in the United States, Dubai, Bangkok, Manila, and Mumbai,
Physique 57 inspires clients of all ages to transform their bodies and
strive for optimal well-being by providing a dynamic, challenging and
empowering fitness experience.
Currently, the following states regulate the offer and sale of
franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan,
Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota,
Virginia, Washington and Wisconsin. Physique57 may not be registered in
all of the registration states and may not offer franchises to residents
of those states or to persons wishing to locate a franchise in those
states. If you are a resident of or want to operate a franchise in one
of these states, we will not offer you a franchise unless and until we
have complied with applicable pre-sale registration and disclosure
requirements in your state.
Coming in 2021
Physique
57 delivers results in only 8 workouts as a result of our
scientifically based proprietary method. Efficient and effective for
busy women who want rapid, visible transformations that can be
maintained long term.