Signing out of account, Standby...
Stride FitnessTreadmill-based interval training
- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$372K - $534K
- Units as of 2022
16 1,500.0% over 3 years
Stride is about indoor running, as this franchise puts a twist on conventional fitness studios. Instead of offering various fitness classes and equipment, Stride usually focuses on runners of every level. It does not matter if the client is a runner, jogger, or walker. Stride strives to work with each client at their fitness level to help them reach their goals.
Stride was founded in 2017 and began franchising in 2019. It is backed by the well-known parent company Xponential Fitness, potentially giving the company all the tools to succeed.
Why You May Want to Start a Stride Franchise
Stride’s franchise model might allow you to decide how big or how small you want to go. You can choose how much you want to do. Also, opening a Stride franchise may allow you to provide a service to your community.
You may be given the option to choose to take over an existing studio and not have to deal with the process of building and opening a new studio. You also generally get to indicate how long you would like it to take to open the studio.
Stride is one of the first of its kind. Sure there are other fitness studios, but there are not many studios wholly dedicated to indoor running. Stride franchises generally have certified run coaches that lead interval classes. The franchises are also usually outfitted with state-of-the-art Woodway treadmills.
What Might Make a Stride Franchise a Good Choice?
Do you emphasize inclusivity and have a passion for progress? If yes, it may be to think about opening a Stride franchise in your town.
Stride has brand strength as well as support from its parent company, Xponential Fitness. This franchise is not usually one without financial support, as it has partnered with third-party sources to help franchisees cover financial costs if they need help. This may be a major positive for new franchisees.
Stride tries hard not to leave you in the dust. The company puts its franchisees through training in an effort to best prepare them to run their franchise. This training typically includes lease negotiation, recruitments, finance, sales, marketing, sustainable business models, and more. Even when training is finished, you may still access additional support, if you need it.
How Do You Open a Stride Franchise?
The process to becoming a Stride franchisee is fairly straightforward. However, that doesn't mean you shouldn't come prepared with a plan for how you want to roll out your studio.
First, evaluate whether you want to develop a single unit or multiple units. It's also important to consider how quickly you'd like to open. Stride may ask you about a time frame: 0-6 months, 6-12 months, or more than 12 months. During the process, you can also let Stride know if you're interested in developing a new studio, existing studio, or both.
To be part of the Stride team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
If you like to push your limits and lengthen your stride, you might want to think about opening your own Stride studio.
About Stride Fitness
More from Stride Fitness
CREATE A THRIVING FITNESS COMMUNITY FOR ALL FITNESS LEVELS
Founded in 2017, STRIDE Fitness is a treadmill-based interval training concept, delivering a total-body workout designed for every fitness level. An engaging program led by dynamic certified run coaches and utilizing heart-rate monitoring technology, STRIDE Fitness offers a supportive and inclusive environment providing three signature class formats including interval, endurance-based, and strength training.
Running is an essential mode of fitness. It is the most engaging, most effective way to achieve your mental and physical goals. Empowering, inspiring, and motivating. Running is the vehicle that propels you towards your strongest, most confident self and STRIDE will help you get there.
WHY OWN A STRIDE FITNESS?
With studios in some of the most competitive markets across the nation and almost 90 licensed locations, STRIDE Fitness is the first and only treadmill-based interval training brand. Based on the most universal modality in the world that has recently experienced a resurgence and participation, STRIDE Fitness is delivering an effective and dynamic total-body workout for a loyal, growing member base.
THE STRIDE BENEFITS:
FIRST MOVER ADVANTAGE
With studios in some of the most competitive markets in the U.S, there is still extensive market opportunity - be the first to bring STRIDE to your local market and help others find their finish line!
SMART INVESTMENT & SEASONED SUPPORT TEAM
Along with STRIDE Fitness attracting a broad range of members to market to, you can also enjoy a low-cost entry, a recurring revenue model, strong EBITDA margins, and the confidence in our team that has decades of experience in fitness franchising. We know how to grow household name brands.
Our franchise model provides a completely scalable business, allowing you to determine your own success. Leverage development costs and national vendor relationships to launch your studio successfully.
ALWAYS EVOLVING MEMBER EXPERIENCE
Our member experience is the core of what we do. We curate and consistently update class programming and music while empowering our coaches to ficilitate member growth class after class as their needs evolve.
EXPERT & EXTENSIVE SUPPORT
The Xponential & STRIDE Fitness team has the resources and network to ensure your continued growth & support. We'll guide you through the entire opening process, from site selection, lease negotiation, and construction, to recruiting your studio staff and activating your membership sales process, and marketing your studio. We provide extensive ongoing training, weekly & monthly update webinars, and one-on-one support as your business matures.
- Franchising Since
- 2019 (4 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees throughout the US.
This company is offering new franchisees in the following international regions: Asia, Australia/New Zealand, Middle East, Europe (Eastern), Europe (Western), Central America, Canada, South America, Mexico
- # of Units
- 16 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Stride Fitness franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $372,412 - $533,512
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Stride Fitness has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 1 hour
- Classroom Training
- 22 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Curious to know where Stride Fitness ranked on other franchise lists? Find out below.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Everything You Need to Know About Franchise Law
Franchising is a legal agreement between a franchisor and a franchisee — and with that comes a set of regulations you must follow.
These Are the Top 10 Recreation Franchises to Buy in 2023
From boating to painting, recreation concepts can make being a franchise owner fun.
The Anatomy Of A Franchise Disclosure Document
Here's a break down your most tedious -- and valuable -- franchise research tool so you understand the ins and outs before signing.
Panera Bread Is Testing a Sci-Fi-Esque Amazon Payment System — and Privacy Concerns Abound
The tech's already been pulled from one major Colorado venue after pushback.
6 Questions to Ask Before You Begin Your Franchise Search
When exploring franchises to buy, there are some crucial factors you should consider.
The 5 Items in Your Franchise Disclosure Document That Can Make or Break a Real Estate Deal
This document helps potential franchisees make informed decisions about investing in the franchise.