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Below is an in-depth analysis and side-by-side comparison of Shred415 vs Smart for Life including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $440,280 - $959,200 | N/A |
Franchise Fee | $50,000 | N/A |
Royalty Fee | 8% | - |
Advertising Fee | - | - |
Year Founded | 1986 | 2002 |
Year Franchised | 2004 | 2004 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-The-Job Training: 48 hours Classroom Training: 32 hours | - |
Support | Meetings/Conventions Grand Opening Online Support 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 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Start-Up Costs and Fees Mobile |
||
Investment | ||
$440,280 - $959,200 | ||
N/A | ||
Franchise Fee | ||
$50,000 | ||
N/A | ||
Royalty Fee | ||
8% | ||
- | ||
Advertising Fee | ||
- | ||
- | ||
Year Founded | ||
1986 | ||
2002 | ||
Year Franchised | ||
2004 | ||
2004 | ||
Term Of Agreement | ||
10 years | ||
- | ||
Renewal Fee | ||
- | ||
- | ||
Business Experience Requirements |
||
Experience | ||
- | ||
- | ||
Financing Options |
||
In-House/3rd Party | ||
Franchise Fees | ||
No/No | ||
-/- | ||
Start-up Costs | ||
No/No | ||
-/- | ||
Equipment | ||
No/No | ||
-/- | ||
Inventory | ||
No/No | ||
-/- | ||
Receivables | ||
No/No | ||
-/- | ||
Payroll | ||
No/No | ||
-/- | ||
Training & Support |
||
Training | ||
On-The-Job Training: 48 hours Classroom Training: 32 hours | ||
- | ||
Support | ||
Meetings/Conventions Grand Opening Online Support 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 | ||
- | ||
Expansion Plans |
||
US Expansion | ||
Yes | ||
- | ||
Canada Expansion | ||
No | ||
- | ||
International Expansion | ||
Yes | ||
- |
The premier physician supervised weight management program offering natural and organic cookie squares along with shakes and soups as meal replacements plus other innovative weight management approaches.