Shred415 Reaches Milestone: More than 50 Signed Franchise Agreements Across 14 States
High Intensity Interval Training Fitness Concept Expands National Footprint, Grows Beyond Midwest Roots
September 13, 2018 // Franchising.com // CHICAGO - Shred415, a high-intensity interval training fitness concept, celebrates its one-year franchising milestone with the announcement that it has 51 signed franchise agreements across the United States. Since launching its franchise opportunity in July 2017, Shred415 has experienced explosive growth and will expand its reach outside the Midwest by entering 14 states across the country in the coming months.
“Having 51 signed agreements after our one-year franchise milestone is indicative that the brand’s national domination is just beginning. It’s incredible that we’ve been able to grow our business and take Shred415 to the next level by expanding outside our home base and across the nation,” said Bonnie Micheli, Co-Founder of Shred415. “Shred415 is all about being your best self and achieving your goals, both inside and outside the studio. I am so excited to be able to share our values with members of the communities we’re coming to.”
Shred415 currently has 9 operating locations throughout the Midwest in Illinois, Indiana, and Missouri with signed franchise agreements in the states of Virginia, California, Florida, South Carolina, Colorado, Wisconsin, Kentucky, Ohio, Florida, Tennessee, Minnesota, Utah, Georgia, and Washington. To continue national growth momentum, the brand is targeting expansion in additional states from coast to coast. By the end of 2019, Shred415 aims to have 100 studios set to open to the public.
“Our success has stemmed from identifying passionate, fitness-oriented franchisees to develop in new territories,” said Co-Founder Tracy Roemer. “We put a significant amount of time and energy into highlighting our overall brand experience so that potential prospects see that we’ve created a positive fitness community. We find that our Shredders and other like-minded individuals flock to the opportunity we’ve made available because they want their communities to experience workouts that energize, motivate, and challenge themselves as they work to improve their overall health and wellness.”
Shred415 is seeking qualified, community-minded franchisees with a passion for the fitness industry to continue its growth through single and multi-unit franchise deals. For franchise prospects who are committed to purchasing multiple studios, Shred415 offers a reduction in the franchising fee for each location.
Founded in 2011 by friends and fitness professionals Bonnie Micheli and Tracy Roemer, Shred415 is a growing interval-based fitness concept that’s more than a workout; it’s a family-friendly, all-inclusive athletic environment that delivers a sense of belonging and accomplishment. The name comes from the combination of strength training and treadmill work (strength + tread = Shred), divided into four 15-minute intervals alternating between speed and endurance drills on top-quality treadmills and strength and functional movement training on the floor. Each class is designed to increase muscle and burn calories in a fun, fast-paced workout tailored to every individual’s level and goals. Based in Chicago, IL, the franchise has nine locations currently open in urban and suburban metro markets throughout the Midwest and aims to have 100 studios set to open to the public by the end of 2019. With a proven business model and impressive revenue potential, the Shred415 franchise offering presents an unmatched investment opportunity in the continuously booming fitness industry that shows no signs of slowing. For more information about Shred415, visit www.shred415.com.
Fishman Public Relations