Shred415 vs Gold's Gym Franchise Comparison

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

Start-Up Costs and Fees
 
Shred415 Franchise
Gold's Gym Franchise
Investment $440,280 - $959,200$22,182,505,000,500
Franchise Fee $50,000$40,000
Royalty Fee 8%5%
Advertising Fee -2%
Year Founded 19861965
Year Franchised 20041980
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Shred415 Franchise
Gold's Gym Franchise
Experience -
  • Industry experience
  • General business experience
    		•

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

    Training & Support
     
    Shred415 Franchise
    Gold's Gym Franchise
    Training On-The-Job Training: 48 hours Classroom Training: 32 hours Available at headquarters
    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, 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, Regional advertising
    Operations Absentee Ownership Allowed 30% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed.

    Expansion Plans
     
    Shred415 Franchise
    Gold's Gym Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesYes

    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 Gold's Gym

    Bodybuilders training outside on Muscle Beach were the first customers for the original Gold's Gym when it opened in Venice, California, in 1965. With its intense, no-frills atmosphere, the gym soon became known as the 'Mecca of Bodybuilding.' Arnold Schwarznegger's movie 'Pumping Iron' focused on Gold's Gym, propelling it into the spotlight in 1975. Gold's Gym has been franchising since 1980, and franchises account for more than 90 percent of its locations. In addition to running the health club facilities, franchisees sell Gold's Gym licensed apparel through their Pro Shops.

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