Stretch U vs Spenga Franchise Comparison

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

Start-Up Costs and Fees
 
Stretch U Franchise
Spenga Franchise
Investment $49,650 - $508,306$304,082 - $705,027
Franchise Fee $29,000 - $344,806$49,500
Royalty Fee 6%-
Advertising Fee 2%-
Year Founded 20102015
Year Franchised 20122015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Stretch U Franchise
Spenga Franchise
Experience --

Financing Options
 
Stretch U Franchise
Spenga Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Stretch U Franchise
Spenga Franchise
Training Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including:  Stretch Training Techniques  Basic Management BDP, & SOP training; financial and KPI training  Sales and marketing training  Software Training-
Support --
Marketing --
Operations --

Expansion Plans
 
Stretch U Franchise
Spenga Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About Stretch U

All of Stretch U’s locations are currently corporately owned stores or licensed affiliates. We may decide to franchise in the future and if you are interested, you can send an inquiry to [email protected].

About Spenga

"Spenga

Spenga's goal is to open 135 franchise locations across the U.S. in three years. The company already has contracted with franchisees for 45 in the U.S., including five locations to open in north Denver and the Boulder area. More than 54 million Americans are working out at boutique fitness studios, which makes it the fastest growing sector of the fitness industry, Many of these active individuals are getting multiple memberships at multiple facilities to get a well-rounded workout. Our goal is to give members their fittest selves without having to go to three different locations.
Spenga offers a 60-minute fitness session that combines spinning, high intensity interval strength training and yoga.

#253 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.