Shred415 vs Slim & Fit Franchise Comparison

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

Start-Up Costs and Fees
 
Shred415 Franchise
Slim & Fit Franchise
Investment $440,280 - $959,200$56,100 - $132,500
Franchise Fee $50,000$30,000
Royalty Fee 8%5% down to 3%
Advertising Fee -3% local
Year Founded 1986-
Year Franchised 2004-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Shred415 Franchise
Slim & Fit Franchise
Experience --

Financing Options
 
Shred415 Franchise
Slim & Fit Franchise
  In-House/3rd PartyIn-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
 
Shred415 Franchise
Slim & Fit Franchise
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
 
Shred415 Franchise
Slim & Fit Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion Yes-

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 Slim & Fit

The health and fitness market is highly fragmented. There is substantial opportunity for sustained growth within this segment which in itself is a Multi-Billion Dollar Booming Industry. Current health care legislation will focus even more attention on those overweight as obesity is quickly replacing smoking as the public health enemy number one of the future. Weight loss alone in the United States is a $100+ billion dollar industry annually. It is estimated that more than 2 our of 3 Americans are 30+ pounds overweight. Industry Growth in servicing the demand in this sector is projected to $500 million in the next 4 years from over 100 million potential new customers. We are looking for franchisees to help us "go out and get the country in great shape." We encourage you to review this entire website as it contains information about our business system as well as our product and service offerings. Once you have reviewed our website, it will be time to speak with our sales and marketing staff to help you qualify to become one of our franchisees.