Iron Tribe Fitness vs Honor Yoga Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Iron Tribe Fitness vs Honor Yoga including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$300,000 - $433,500 | $146,608 - $270,608 |
Franchise Fee |
$42,000 | $38,000 |
Royalty Fee |
6% | - |
Advertising Fee |
1% | - |
Year Founded |
2010 | 2015 |
Year Franchised |
2012 | 2016 |
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 Honor Yoga
Honor Yoga is a sustainable community of healing offering an approachable, loving environment to honor your mind, body & self through the practice of yoga. Our beautiful eco-friendly studios are throughout Central NJ in Burlington, Mercer, Monmouth, Ocean & Somerset counties and expanding in the USA.
★ Our unique 200 and 300 Hour Yoga Alliance accredited Teacher Training Certification program is a life-changing experience.
★ Honor Yoga Now can help you practice and learn yoga through video subscription anywhere around the globe.
★ If bringing yoga to the world is your passion, and you have the leadership skills to manage and own your studio we are looking to work with you.
As a franchisee, you will operate an Honor Yoga studio which will offer
yoga classes to students of all ages and at all stages of their practice
in an eco-friendly environment. Class, workshops and series offerings
include beginner yoga, intermediate yoga, advanced yoga, family yoga,
teen/tween yoga, senior yoga, restorative yoga, heated yoga,
pre/post-natal yoga, aerial yoga, yoga barre and various styles of
meditation.
Honor Yoga - Mind, Body & Self