Red Effect Int'l. Franchise LLC
Infrared fitness studios- 2021 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$150K - $1M
- Units as of 2019
-
8 60.0% over 3 years
Company Overview
About Red Effect Int'l. Franchise LLC
- Industry
- Personal-Care Businesses
- Related Categories
- Fitness
- Founded
- 2016
- Leadership
- Allie T. Mallad, CEO
Franchising Overview
- Franchising Since
- 2016 (5 years)
- # of employees at HQ
- 12
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 8 (as of 2019)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Red Effect Int'l. Franchise LLC 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
- $45,000 - $75,000
- Initial Investment
- $149,500 - $1,037,500
- Veteran Incentives
- $5,000 to $10,000 off franchise fee per studio
- Royalty Fee
- 7%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Red Effect Int'l. Franchise LLC has relationships with third-party sources which offer financing to cover the following: 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
- 80 hours
- Classroom Training
- 40 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Red Effect Int'l. Franchise LLC landed on this year’s Franchise 500 Ranking versus previous years.
Want to stay updated on the latest franchise news?
Never miss a beat when you sign up to receive our newsletter.
We care about the protection of your data. Read our Privacy Policy
Related Franchises
Are you eager to see what else is out there? Browse more franchises that are similar to Red Effect Int'l. Franchise LLC.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
All of the Best Franchise Investments Start With These 10 Essential Steps
If you want your franchise investment to be successful, be sure to address these 10 concerns before you purchase.
Entrepreneur Franchise of the Day: Concrete Technology Inc
Franchising for 30 years, CTI has found success with its easy-to-use concrete resurfacing system by providing support, training and a successful business model for its franchisees.
The Marketing Challenges of Finding New Franchises
Many young brands make the mistake of taking the approach that more is better.
Sports World and Smart Fit are in talks to merge
Both franchises want to create "one of the Top 10 Wellness companies worldwide".
McDonald's Apologizes for Understaffing: 'Nobody Wants to Work Anymore'
One McDonald's has come under scrutiny for a controversial sign it shared.
10 Traits of the Most Successful Franchise Owners
A look at the innate qualities that lead to successful franchise ownership.