Shred415 vs ShapeXpress Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Shred415 vs ShapeXpress including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Shred415 Franchise
ShapeXpress Franchise
Investment $440,280 - $959,200$89,500 - $152,000
Franchise Fee $50,000$20,000
Royalty Fee 8%Varies
Advertising Fee --
Year Founded 19862002
Year Franchised 20042003
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -$2.5K


Business Experience Requirements
 
Shred415 Franchise
ShapeXpress Franchise
Experience -
  • Marketing skills
  • Sales skills, previous employee supervision skills
    		•

    Financing Options
     
    Shred415 Franchise
    ShapeXpress Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/Yes

    Training & Support
     
    Shred415 Franchise
    ShapeXpress Franchise
    Training On-The-Job Training: 48 hours Classroom Training: 32 hours Ongoing
    Support Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/appCo-op advertising, Ad slicks, Regional advertising
    Operations Absentee Ownership Allowed Franchisees required to buy multiple units/master licenses

    Number of employees needed to run franchised unit: 3 - 4

    Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators)

    Expansion Plans
     
    Shred415 Franchise
    ShapeXpress Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Shred415

    The Shred415 experience is an instructor-led dynamic interval training class that tar‍‍‍gets all levels of clients. Created by Chicago fitness experts Bonnie Micheli and Tracy Roemer, who bring more than 25 years of fitness-training experience, the 60-minute workout alternates between treadmill and floor training and leaves its loyal fan base empowered and motivated.
     

    Differentiated against key competition, The Shred415 experience is an instructor-led dynamic interval training class that tar‍‍‍gets all levels of clients.
    Veteran Incentives  $1,500 off franchise fee
     

    About ShapeXpress

    NO LONGER FRANCHISING

    Proven results for members AND franchisees! Join our success in the $14.8 billion fitness industry! ShapeXpress for Women is setting the standard for women's only fitness franchise opportunities. "Amazing support from the corporate office." That's what our franchisees are saying about ShapeXpress. Support in every area of starting and operating your club: finding a location, negotiating a lease, decor & build-out, financing, marketing, membership sales, daily operations, billing, member tracking, hiring and more. Each franchisee is assigned a Franchise Support Executive to personally assist with setting goals and addressing concerns. Weekly conference calls keep our franchisees in communication with our corporate office and each other. Among U.S. franchises, 65% consist of fewer than 100 stores and 49% have under 50 locations. Compare this to ShapeXpress, which in its first 3 years of offering, has sold over 300 franchises!