Shred415
Shred415 Studio provides instructor-led, fast-paced interval training classes that combine cardio work on premium treadmills with strength training on the floor. We serve adults of all fitness levels who want a structured, high-energy workout in a motivational studio setting. Each studio also includes a Kids Corner that provides child care in a safe, fun environment while customers exercise. Customers register for classes, reserve spots, and pay through our studio management and technology system. Our studios are typically located in metropolitan and suburban retail spaces with good visibility, parking, and prominent signage.
Your franchise match score
Fitness
Brand highlights
- CEOMatt Micheli
- Headquarters2105 N. Southport Ave., Chicago, IL, 60614
- Year founded2017
- Year started franchising2017
- IndustryFitness
- Locations open16 (+9 last three years)
Statistics & metrics
- Investment range$516,500 - $873,000
- Franchise fee$50,000
- RoyaltyThe greater of (i) 8% of your Gross Revenue for the preceding week or (ii) $250 per week (subject to increase annually based on a change to the CPI)
- Brand fundUp to 2% of Gross Revenue; currently, 0% of your Gross Revenue
- Required Liquid CapitalN/A
- Required Net WorthN/A
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2019-04-23
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Shred415, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Initial Franchise Fee | Learn about the initial franchise fee required to join the Shred415 franchise system and what that fee covers. | |
| Other Fees | Understand the ongoing and additional fees associated with owning a Shred415 franchise, including royalties, marketing contributions, and other required payments. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Shred415 franchise, including startup costs and working capital estimates. | |
| Territory | Understand how franchise territories are defined, whether they are exclusive, and under what circumstances they may be modified by Shred415. | |
| Financial Performance Representations | Review any financial performance information Shred415 provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 16 |
| Franchise locations | 6 |
| Corporate locations | 10 |
System growth over time
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