Iron Tribe Fitness vs Journey 333 Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Iron Tribe Fitness vs Journey 333 including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$300,000 - $433,500 | $83,500 - $245,000 |
Franchise Fee |
$42,000 | $30,000 |
Royalty Fee |
6% | - |
Advertising Fee |
1% | - |
Year Founded |
2010 | 2018 |
Year Franchised |
2012 | 2018 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
On-The-Job Training: 20 hours
Additional Training: Online pre-training course
| - |
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
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
| - |
Operations |
Absentee Ownership Allowed
Number of Employees Required to Run: 5
| - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
- | - |
Company Overviews
About Iron Tribe Fitness
Iron Tribe was founded by fitness industry veteran, Forrest Walden,
back in 2008 in his 400 square foot garage. Initially, it was just to
have a place for Forrest to do group-based workouts with his friends
because he couldn’t find anywhere locally that offered the right amount
of space and equipment. There was no charge to belong, but you had to
have a personal invite.
As more
and more friends begged to come and join his garage gym, Forrest began
to dream about what it would look like to start a brand-new concept that
would take his team-based, group workouts to the next level and allow
more lives to be impacted.
The first official Iron Tribe
location opened in February of 2010. The response from the community was
immediate and overwhelming. In fact, the 250 membership cap was reached
in under 8 months with a growing waiting list .
That location has
operated at max capacity since September of 2010 eventually moving
across the street and expanding the location to serve 300 clients.
About Journey 333
Operate a Journey 333® Fitness training facility with a focus on group personal coaching using the Journey 333 business system.
The total investment necessary to begin operation of Journey 333 Fitness
franchise is $83,500 to $245,000. This includes $30,000 that must be
paid to the franchisor or an affiliate.
The franchisor offers qualified individuals the right to own and operate
multiple facilities in a designated development area by entering into
an Area Development Agreement (ADA). The total initial investment
necessary to begin operating under the ADA will vary depending on the
number of Facilities to be opened in your designated development area.
The development fee due under the ADA is equal to $30,000 multiplied by
the number of Facilities you commit to opening under the ADA.