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- 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
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.
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