How to Start a Stride Fitness Franchise

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Founded in 2017, Stride Fitness is a treadmill-based interval coaching idea that delivers a complete physique exercise designed for each health stage. An partaking program led by dynamic, licensed health professionals and using heart-rate monitoring expertise, Stride Fitness gives a supportive and inclusive atmosphere for taking part in three signature class codecs, together with interval, endurance-based and power coaching.



STRIDE

With studios in a number of the best markets throughout the United States and virtually 90 licensed areas, Stride Fitness is the primary and solely treadmill-based interval coaching model. Based on essentially the most common modality on the planet that has just lately skilled a resurgence and participation, Stride Fitness is delivering an efficient and dynamic total-body exercise for a loyal, rising member base.

Stride is the primary and solely indoor operating franchise. Stride’s treadmill-based cardio and power courses are excellent for any stage of walker, jogger or runner — reimagining the definition of a runner. At Stride, licensed run coaches lead dynamic interval courses and members select their pace and depth on state-of-the-art Woodway treadmills to match their health stage and objectives.

The idea of Stride consists of three core class codecs and a distinctive leveling system that permits shoppers to take each class as a walker or runner. Each particular person can discover the exercise that greatest challenges them and aligns with their health skill.

There are quite a few advantages to take into account in changing into a Stride Fitness franchise proprietor, together with the next proof factors.

  • First mover benefit: With studios in a number of the best markets within the U.S, there’s nonetheless in depth market alternative. Be the primary to deliver Stride to your native market and assist others discover their end line.
  • Smart funding and seasoned assist: Along with Stride Fitness attracting a broad vary of members to market to, potential franchisees additionally take pleasure in a low-cost entry, a recurring income mannequin, sturdy EBITDA margins and the boldness in a staff with many years of expertise in health franchising.
  • Executive mannequin: Stride’s franchise mannequin gives a fully scalable enterprise, permitting homeowners to decide their very own success. Franchisees profit from leveraged improvement prices and nationwide vendor relationships, permitting them to launch profitable studios.
  • Evolving member expertise: Stride’s member expertise is the core of what they do. The model curates and persistently updates class programming and music, all whereas empowering coaches to facilitate member development, class after class.

Considering franchise possession? Get began now and discover the personalized list of franchises that match your life-style, pursuits and finances.

Stride is a part of the Xponential Fitness household of manufacturers, the curator of main health and wellness manufacturers throughout each vertical in boutique health. With many years of health and franchising expertise throughout its staff, Xponential Fitness has the assets and community to guarantee continued development and assist for its franchise homeowners.

How a lot does a Stride Fitness franchise price?

To open a Stride Fitness franchise, listed below are the monetary necessities, money required and ongoing franchise charges related to enterprise possession.

Initial franchise charge: $60,000.

Initial funding: $372,412 to $533,512.

Net value required: $500,000.

Cash requirement: $100,000.

Royalty charge: 7%.

Ad royalty charge: 2%.

Term of settlement: 10 years.

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Stride Fitness franchising does not provide in-house financing for candidates however does preserve relationships with a number of third-party funding sources which supply financing to cowl the franchise charge, startup prices, tools, stock, accounts receivable and payroll. Please evaluation Item 7 of the 2022 Stride Fitness FDD for explanatory notes and extra particulars.

Support and coaching provided by Stride Fitness

The Xponential and Stride Fitness staff has the assets and community to guarantee continued development and assist. The model groups information new homeowners via all the opening course of, from web site choice, lease negotiation and development, to recruiting studio employees, activating the membership gross sales course of and advertising the studio. Stride gives in depth ongoing coaching, weekly and month-to-month replace webinars and one-on-one assist to information homeowners as their enterprise matures.

Comprehensive coaching and in depth ongoing assist are each pivotal for fulfillment as a Stride franchise proprietor. Here are the particular areas the place the model assists franchisees within the system.

  • Real property: The model’s knowledgeable staff will information homeowners via all the course of, from web site choice to lease execution, finding the perfect web site for his or her Stride Fitness studio.
  • Finance: Stride’s finance staff can help in mortgage processing via the SBA and most well-liked financiers.
  • Construction and design: Stride Fitness will information new homeowners via all the build-out means of their new franchise location — from corporate-approved structure and common development to inside design, onsite safety and expertise.
  • Sales: Franchisees can count on complete and ongoing gross sales coaching, month-to-month calls and knowledgeable steerage — from pre-sale, via grand opening, and on to sustainability. New homeowners are launched to the gross sales course of, retail vary, app and POS system, permitting them to drive gross sales from the beginning.
  • Marketing: The minute new homeowners execute their LOI, the advertising of their studio begins with customized assist to guarantee they generate most leads.
  • Recruitment: Stride Fitness is aware of that staffing is on the core of the studio’s success. New homeowners obtain help in hiring and creating essentially the most certified coaches, common managers and gross sales groups.
  • Comprehensive coaching: Each new franchisee will attend a three-day coaching course on the model’s company headquarters in Southern California, an invite to the annual franchise conference and ongoing weekly assist. The new proprietor’s employees will even bear in depth gross sales coaching to make sure the staff achieves the studio’s objectives.

Not solely does Stride Fitness present in depth coaching and assist to every franchisee, but it surely additionally develops coaches as nicely. Through the Stride Certified Run Program, all coaches find out how to dynamically lead class codecs, apply security and kind correction, and empower shoppers of all ages and ranges to cross their end strains.

To be taught extra about franchise alternatives with Stride, please go to the Stride Fitness model web page on Entrepreneur‘s franchising web site.

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Related: The 3 Biggest Questions Facing the Fitness Industry



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