Stride is a fitness studio providing running and specialized exercise classes using designated equipment. The franchise promotes cardiovascular health and endurance training.
Key Insights
- Stride began with a vision to transform personal development and career advancement through accessible, technology-driven solutions, evolving over time to become a recognized name in the professional growth sector. The business offers a comprehensive platform designed to empower individuals and organizations to achieve their full potential.
- The franchise operates by providing curated learning experiences and personalized coaching services, leveraging a blend of digital tools and human expertise. This model facilitates skill acquisition, career navigation, and personal improvement for a diverse clientele seeking structured development pathways.
- The industry in which Stride operates focuses on lifelong learning and the continuous upskilling of the workforce. This sector is experiencing growth driven by rapid technological changes and an increasing demand for adaptable, skilled professionals across all fields.
Franchise Fee and Costs to Open
Exploring the financial picture of Stride gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $194,690 - $554,690, along with a franchise fee of $0 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $294,988 and estimated earnings of $44,249 - $53,098 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 8.2-10.2 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Stride provides new franchisees with comprehensive training and resources. Initial training, lasting two weeks, occurs at Stride's headquarters. This program covers operational essentials and brand standards. Stride offers ongoing support through a dedicated field consultant. They also provide marketing materials and access to proprietary software. Resources are available for business development and operational efficiency.
Legal Considerations
Legal considerations for a Stride franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Potential franchisees may encounter considerations regarding the density of existing fitness studios in their chosen territory. Navigating day-to-day operations, from class scheduling to staff management, requires attention. Furthermore, maintaining a consistent supply of branded merchandise and fitness equipment introduces another area for thoughtful planning.
Franchise Datasheet
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