Shred415 vs OrangeTheory Fitness Franchise Comparison

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

Start-Up Costs and Fees
 
Shred415 Franchise
OrangeTheory Fitness Franchise
Investment $440,280 - $959,200$608,172 - $1,800,322
Franchise Fee $50,000$59,500
Royalty Fee 8%8%
Advertising Fee -2%
Year Founded 19862010
Year Franchised 20042010
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee --


Business Experience Requirements
 
Shred415 Franchise
OrangeTheory Fitness Franchise
Experience -$150K liquidity, $500K net worth, business experience, team builder, outgoing demeanor

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

Training & Support
 
Shred415 Franchise
OrangeTheory Fitness Franchise
Training On-The-Job Training: 48 hours Classroom Training: 32 hours On-The-Job Training: 3.3 hours Classroom Training: 58.25 hours Additional Training: E-learning
Support Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations 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

Co-op advertising, Ad slicks, Regional advertising
Operations Absentee Ownership AllowedManual provided Number of Employees Required to Run: 8 - 11

Expansion Plans
 
Shred415 Franchise
OrangeTheory Fitness Franchise
US Expansion YesYes
Canada Expansion NoYes
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 OrangeTheory Fitness

Orangetheory Fitness is an exciting new fitness concept like no other that is sweeping the nation. Hailed by the New York Times as an effective new plateau-busting workout, Orangetheory Fitness leverages heart-rate-monitored interval exercise and group personal training to maximize calorie burn. In less than a year after opening the first Orangetheory Fitness studio in Ft. Lauderdale in March 2010, the franchise grew to 38 locations - and counting.
Orangetheory Fitness offers:
*Specialized group personal training sessions to mid- and high-income consumers
*Studio will drive substantial unique consumers to the retail location every month
*Best one-hour workout in the country
*Affordable group personal training
*55 classes per week at all levels
*Experienced, successful franchise company & management team

This is your opportunity to be a small business owner. When you open an Orangetheory Fitness franchise, you gain a support network of other franchisees, a branding plan for your business, and cooperative advertising.

"Top  ""
#95 in Canada's Top franchises.
#43 in Franchise 500 for 2020.