Start-Up Costs and Fees |
||
| Bally Total Fitness | Shred415 | |
| Investment | 1000000 - 2500000 | 440280 - 959200 |
| Franchise Fee | 0 | |
| Royalty Fee | 8% | |
| Advertising Fee | ||
| Year Founded | 1962 | 1986 |
| Year Franchised | 1997 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Bally Total Fitness | Shred415 | |
| Experience | ||
Financing Options |
||
| Bally Total Fitness | Shred415 | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Bally Total Fitness | Shred415 | |
| Training | On-The-Job Training: 48 hours Classroom Training: 32 hours | |
| Support | Meetings/Conventions 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 | Absentee Ownership Allowed | |
Expansion Plans |
||
| Bally Total Fitness | Shred415 | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Bally Total Fitness | |
| Shred415 | |
| Franchise Fee | |
| Bally Total Fitness | |
| Shred415 | |
| Royalty Fee | |
| Bally Total Fitness | |
| Shred415 | 8% |
| Advertising Fee | |
| Bally Total Fitness | |
| Shred415 | |
| Year Founded | |
| Bally Total Fitness | 1962 |
| Shred415 | 1986 |
| Year Franchised | |
| Bally Total Fitness | 1997 |
| Shred415 | 2004 |
| Term Of Agreement | |
| Bally Total Fitness | |
| Shred415 | 10 years |
| Renewal Fee | |
| Bally Total Fitness | |
| Shred415 | |
Business Experience Requirements |
|
| Experience | |
| Bally Total Fitness | |
| Shred415 | |
Financing Options |
|
| Franchise Fees | |
| Bally Total Fitness | |
| Shred415 | |
| Start-up Costs | |
| Bally Total Fitness | |
| Shred415 | |
| Equipment | |
| Bally Total Fitness} | |
| Shred415 | |
| Inventory | |
| Bally Total Fitness | |
| Shred415 | |
| Receivables | |
| Bally Total Fitness | |
| Shred415 | |
| Payroll | |
| Bally Total Fitness | |
| Shred415 | |
Training & Support |
|
| Training | |
| Bally Total Fitness | |
| Shred415 | On-The-Job Training: 48 hours Classroom Training: 32 hours |
| Support | |
| Bally Total Fitness | |
| Shred415 | Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Bally Total Fitness | |
| Shred415 | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Bally Total Fitness | |
| Shred415 | Absentee Ownership Allowed |
Expansion Plans |
|
| US Expansion | |
| Bally Total Fitness | |
| Shred415 | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Bally Total Fitness | 0 |
| Shred415 | |
| International Expansion | |
| Bally Total Fitness | |
| Shred415 | |