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Updated RecentlyRed Effect Infrared Fitness vs Springwell Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Red Effect Infrared Fitness vs Springwell including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $149,500 - $1,037,500 | $376,776 - $547,813 |
| Franchise Fee | $45,000 | $49,500 |
| Royalty Fee | 7% | - |
| Advertising Fee | 2% | - |
| Year Founded | 2016 | 2019 |
| Year Franchised | 2016 | 2019 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 386 hours Classroom Training: 94 hours Additional Training: 15 hours annually | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Number of Employees Required to Run: 5 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About Red Effect Infrared Fitness
!["Red]("https://fddexchange.com/wp-content/uploads/2019/12/Red-Effect-Infrared-Fitness.png")
Imagine being an integral part of the next big thing in fitness!
At Red Effect Infrared Fitness we provide a unique, life-changing approach to wellness.
At Red Effect Infrared Fitness we provide a unique, life-changing approach to wellness.
Our group fitness classes combine infrared
therapy, heart rate monitoring and
high-intensity interval training to
provide our customers with a fitness routine they love.
Our members, trainers, and staff feel the effect from more than just
the infrared.
We have seen our members experience changes in body
composition, energy levels,
self-confidence, muscle recovery, health
conditions and more.
With each success story, we pass on the effect.
Red Effect is now offering franchising opportunities.
Discover the benefits of being a Red Effect gym owner.
The total investment necessary to begin operation of a Standard Studio
is from $283,000 to $718,000. This includes $157,000 to $594,000 that
must be paid to the franchisor or its affiliates.
The total investment
necessary to begin operation of a Red Effect for Women Studio is from
$149,500 to $349,200. This includes $101,750 to $228,500 that must be
paid to the franchisor or its affiliates.
The total investment necessary
to begin operation of an Executive Club is from $863,500 to $1,037,500.
This includes $479,000 to $873,000 that must be paid to the franchisor
or its affiliates.
About Springwell
!["Springwell]("https://fddexchange.com/wp-content/uploads/2020/07/Springwell-300x113.png")
Springwell is a specialized medical fitness franchise. Our focus is on
helping individuals adopt a healthy lifestyle in a welcoming and
clinically supervised environment.
Springwell Exercise Clinic is on the cutting edge of the
healthcare and medical fitness industry. Become part of a holistic gym
that caters to individuals with chronic health issues.
Springwell Exercise Clinic was founded on specific core values which
have helped the brand.
Springwell takes fitness and business operations
to the next level and pushes franchisees to be the best they can be so
they can run their business more efficiently.
The total investment necessary to begin operation of a single franchised
Facility ranges from $376,776 to $497,813, including $54,500 that must
be paid to the franchisor or their affiliates.
The total investment necessary to operate multiple facilities under a form of area development agreement depends on the number of franchises the franchisor grants you the right to open. The total investment necessary to enter into a development agreement for the right to develop three Facilities is $426,776 to $547,813, which includes a $99,500 development fee that is paid to the franchisor and your total investment to begin operation of your initial clinic. Under the area development agreement, the initial development fee is calculated as follows: $69,500 for the right to develop two Facilities; $99,500 for the right to develop three Facilities; or $29,500 per Facility if you are awarded the right to develop four or more franchised Facilities.
The total investment necessary to operate multiple facilities under a form of area development agreement depends on the number of franchises the franchisor grants you the right to open. The total investment necessary to enter into a development agreement for the right to develop three Facilities is $426,776 to $547,813, which includes a $99,500 development fee that is paid to the franchisor and your total investment to begin operation of your initial clinic. Under the area development agreement, the initial development fee is calculated as follows: $69,500 for the right to develop two Facilities; $99,500 for the right to develop three Facilities; or $29,500 per Facility if you are awarded the right to develop four or more franchised Facilities.