Iron Tribe Fitness vs HOTWORX Studio Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Iron Tribe Fitness vs HOTWORX Studio including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$300,000 - $433,500 | $188,070 - $351,885 |
Franchise Fee |
$42,000 | $129,500 |
Royalty Fee |
6% | $550/mo. |
Advertising Fee |
1% | - |
Year Founded |
2010 | 2016 |
Year Franchised |
2012 | 2017 |
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 | Yes |
Canada Expansion |
- | - |
International Expansion |
- | - |
Company Overviews
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.
About HOTWORX Studio
HOTWORX
is a virtually instructed exercise program created for users to
experience the many benefits of infrared heat absorption, while
completing a 30-minute isometric workout or 15-min High Intensity
Interval Training (HIIT) session.
We
created this infrared sauna workout program for people who want to
flush toxins from their bodies, increase flexibility, balance, tone, and
burn massive amounts of calories in the process. So whether you want to
polish off your gym workout, or you’re strictly a spa-goer who wants to
enhance your regime, this innovation could be a major component of your
wellness program in the future. The results will blow you away!