Shred415
Fitness & Dance Facilities · Illinois, United States · 201-500 Employees
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Overview
Headquarters
1444 N Milwaukee Ave 1, Chicago, Illinoi...Phone Number
(773) 596-9555Website
www.shred415.comRevenue
$57.4 MillionIndustry
ZI Rank: 1
Signal Type
Dec
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ZI Rank
1
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About Shred415
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 presentsRead more
Shred415 Org Chart
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Activity Insights
Shred415 is experiencing very low activity levels compared to other companies in the Hospitality sector.
What does this means?
Shred415 is drawing exceptional interest within the Hospitality industry, suggesting notable developments or strong market momentum, learn more about Shred415.
Shred415 financials insights
Gather financial insights about Shred415, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2020
Debt
$350K
2021
Debt
$700K
Shred415 Tech Stack
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Funding
Shred415 has received an SBA PPP loan in the amount of $700,490 from PNC Bank resulting in the retention of 90 jobs.
Funding
Shred415 News & Media
Shred415 Accelerates Franchise Development Efforts for 2019
CHICAGO, Jan. 22, 2019 /PRNewswire/ -- Shred415, a high-intensity interval training fitness concept combining strength training and treadmill work, announced today its significant achievements in 2018. The brand signed 80 franchise agreements and onboarded its first area representative,...Shred415 Reaches Milestone: More than 50 Signed Franchise Agreements Across 14 States
CHICAGO, Aug. 14, 2018 /PRNewswire/ -- 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...U.S. Businesses Are Bullish Amid Worldwide Instability
Private-sector optimism is widespread, with risks from tariffs, deficits and global tensions outweighed by profit-plumping tax cuts and deregulation.Shred415 Strengthens Denver Fitness Community with New Studios
DENVER, April 18, 2018 /PRNewswire/ -- Shred415, a high-intensity, dynamic interval training fitness concept, has announced plans to bring 30 new studios to Colorado. As a brand new boutique fitness concept in the market, Shred415 plans to ramp up growth through strategic franchise partner...
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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 treadmil... Read More
