- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$361K - $544K
- Units as of 2023
-
29 3% over 3 years
Company Overview
About Iron Tribe Fitness
Industry | Health & Wellness |
---|---|
Related Categories | Fitness |
Founded | 2010 |
Parent Company | Iron Tribe Franchise LLC |
Leadership | Forrest Walden, Founder and CEO |
Corporate Address |
300 27th St. South Birmingham, AL 35233 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 2012 (12 years) |
---|---|
# of employees at HQ | 11 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 29 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Iron Tribe 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
|
$50,000 |
---|---|
Initial Investment
|
$360,750 - $544,250 |
Net Worth Requirement
|
$500,000 |
Cash Requirement
|
$150,000 |
Royalty Fee
|
6% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
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 | 13.5 hours |
---|---|
Classroom Training | 14.5 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
National Media
Social Media
SEO
Website Development
Email Marketing
Loyalty 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 |
# of employees required to run | 5 |
Are exclusive territories available?
|
Yes |
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