Profile by Sanford vs Spenga Franchise Comparison

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

Start-Up Costs and Fees
 
Profile by Sanford Franchise
Spenga Franchise
Investment $388,500 - $634,500$304,082 - $705,027
Franchise Fee $49,500$49,500
Royalty Fee 5%-
Advertising Fee 2%-
Year Founded 20122015
Year Franchised 20142015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Profile by Sanford Franchise
Spenga Franchise
Experience --

Financing Options
 
Profile by Sanford Franchise
Spenga Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/Yes-/-
Payroll -/Yes-/-

Training & Support
 
Profile by Sanford Franchise
Spenga Franchise
Training On-The-Job Training: 228 hours Classroom Training: 32 hours Additional Training: 15 hours annually -
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line 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 Number of Employees Required to Run: 5 -

Expansion Plans
 
Profile by Sanford Franchise
Spenga Franchise
US Expansion YesYes
Canada Expansion Yes-
International Expansion --

Company Overviews

About Profile by Sanford

Profile by Sanford is a comprehensive weight loss and weight management program designed by the physicians and experts at Sanford Health. The program utilizes a certified health coach and offers integrated technology and meal replacement products to provide members with a solution for nutrition, activity, and lifestyle changes. Be part of the $20+ billion weight loss industry, helping nearly 70% of Americans who are overweight.
 * Align with an evidence-based program designed by physicians and scientists with proven results
 * Be backed by Sanford Health, the largest rural non-profit health system in the nation
 *Join an organization that's focused on preventative medicine and bettering the lives of its members.
 *Real estate site selection consultation.
 *Ongoing operations and management support
 *Staff training and certification program.
 *Assistance and access to promotions and marketing campaigns.

 *Technology software and IT System support.

Do What You Love. Change Lives

The total investment necessary to begin operation of a single PROFILE SANFORD franchise ranges from $388,500 to $634,500 for a stand-alone store, and from $183,000 to $334,200 for an in-facility store. This includes $183,000 to $334,200 for a stand-alone store, and $123,000 to $158,200 for an in-facility store, that must be paid to the franchisor or affiliate.
Veteran Incentives  $5,000 off franchise fee

#39 in Franchise 500 for 2021. (First time on Franchise 500)




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.