Shredder Indoor Ski and Snowboard School Franchise Cost, Revenue & Review 2026
- Investment
- $219K – $395K
- Disclosed sales
- $260K
- gross sales, not profit
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Shredder Indoor Ski and Snowboard School is a recreation franchise teaching skiing and snowboarding on indoor endless-slope machines. Franchisees run the facilities, managing instructors, lessons, and scheduling.
FranchiseVerdict summary · 2026
A Shredder Indoor Ski and Snowboard School franchise requires a total initial investment of $219K – $395K, including a $28K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $260K[2]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored8 of 8 headline figures on this page cite a page of the filing.
Overview
- Investment
- $219K – $395K
- 50th pct Education
- Avg gross sales
- $260K
- Incl. company outlets8th pct Education
- Royalty
- 6.0%
- 7th pct Education
- Units
- 8
- 25th pct Education
- SBA charge-off
- N/A
Quick verdict · Education · color = vs category peers
Green = favorable by >10% vs Education median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $219K – $395K including a $28K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage unit revenue of $260K/year (median $261K) (includes company-owned outlets).
- RISKVerdict B (Above average), verdict score 56/100 (higher is better).
- GROWTHPositive: net +3 franchised outlets in the latest year (3 opened, 0 closed) (Item 20).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Shredder International, LLC
- CEO title
- Chief Executive Officer
- Rachel Brittenham
- Incorporated in
- Colorado
- HQ
- 4890 Ironton Street, Units F & G, Denver, Colorado 80239
- Auditor
- Kezos & Dunlavy
- Audited financials
- Franchisor revenue
- $290K
- vs $43K prior year
Overview
About
- CEO
- Rachel Brittenham
- Headquarters
- CO
- Founded
- 2020
- FDD year
- 2025
- States available
- 4
Can you afford it, and what does the money buy?
Entry cost runs 58% above the typical education franchise.
Source: FDD 2025 · Items 5–7
The filing's Item 7 TOTAL row prints $219,000 to $395,000. Its own line items add to $252,000 to $473,000. The total is shown as the franchisor printed it; the lines are listed as printed. Filing's own arithmetic: the 17 printed lines sum to $252,000 / $473,000; the printed TOTAL row says $219,000 - $395,000, i.e.
Full Item 7 breakdown17 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee (1) | $28K | $28K | |
| Lease, Utility and Security Deposits | $2K | $3K | |
| Business Licenses and Permits (2) | $2K | $3K | |
| Construction/Leasehold Improvements (3) | $81K | $220K | |
| Rent (first 3 months) | $10K | $20K | |
| Architect and Design Fees (4) | $3K | $5K | |
| Signage (5) | $8K | $13K | |
| Furniture and Fixtures (6) | $3K | $3K | |
| POS and Back-Office System (7) | $500 | $1K | |
| Office Equipment and Supplies (8) | $2K | $3K | |
| Professional Services (9) | $1K | $2K | |
| Equipment and Initial Inventory (10) | $60K | $75K | |
| Insurance (11) | $7K | $13K | |
| Training Expenses (12) | $5K | $6K | |
| Curriculum Equipment | $3K | $4K | |
| Initial Launch Marketing (13) | $5K | $10K | |
| Additional Funds - Initial 3 months (14) | $35K | $65K | |
| Total initial investment | $252K | $473K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $219K – $395K
- Middle of category vs category
- Liquid capital req'd
- $35K – $65K
- Middle of category vs category
- Franchise fee
- $28K – $28K
- Top 40% of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $300 |
| Transfer fee | $21K |
| Renewal fee | $2K |
| Total fee load | 7.0% of rev |
What do units actually make?
Average unit sales run 36% below the education norm.
Includes company-owned outlets
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Shredder Indoor Ski and Snowboard School until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$357K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Shredder Indoor Ski and Snowboard School unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Includes company-owned outlets
- Avg gross sales
- $260K
- Per unit, per year
- Median gross sales
- $261K
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 8 outlets
- vs category median 16
- Range (low → high)
- $21K→$436KCited, not corroborated — printed on page 54 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 204 Education brands
Revenue is only 0.8x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $260K/year in gross sales. Revenue-to-investment ratio: 0.8x. Includes company-owned outlets.
Fee burden
Total ongoing fee load of 7.0% — below the Education median of 9.0%.
Disclosure
Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Education medians
How Shredder Indoor Ski and Snowboard School Compares
Category median of published Education brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 8
- Opened
- 3
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- N/A
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 50%
- vs corporate-owned
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 0
- 0.00 per open outlet · Item 20 Table 5
- Projected new
- 5
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 4 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
4
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kezos & Dunlavy
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 56 / 100 verdict
- 01MINORSmall system: 8 units, 4 franchised
- 02MINORNewer franchisor (2022)
- 03MINORPositive net worth $114,122, net income $204,469
- 04MEDNo litigation or going-concern; Item 19 disclosed
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 18,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 50 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | No |
| Arbitration location | American Arbitration Association offices nearest Franchisor's principal place of business (Denver, Colorado); venue for litigation is Denver County, Colorado state courts and U.S. District Court for the District of Colorado |
| Jury trial waiver | Yes |
| Governing law | Colorado |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 62 hrs
- On-the-job training
- 46 hrs
- Training location
- On-site and off-site
- Ongoing training
- Required
- Field support
- 46 hrs/yr
- On-site visits per year
- Site selection
- franchisee proposes, franchisor reviews and approves within 15 days
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
16 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Shredder Indoor Ski and Snowboard School franchise?
The total investment to open a Shredder Indoor Ski and Snowboard School franchise ranges from $219K – $395K, with an initial franchise fee of $28K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Shredder Indoor Ski and Snowboard School franchise owners earn?
According to Item 19 of the Shredder Indoor Ski and Snowboard School FDD, the average gross sales per unit is $260K. The median is $261K. Important context: Includes company-owned outlets. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Shredder Indoor Ski and Snowboard School?
Shredder Indoor Ski and Snowboard School is franchised by Shredder International, LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Shredder Indoor Ski and Snowboard School FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Shredder Indoor Ski and Snowboard School FDD and qualifies whose outlets they describe.
What is Shredder Indoor Ski and Snowboard School's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Shredder Indoor Ski and Snowboard School (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Shredder Indoor Ski and Snowboard School franchise locations are there?
As of their most recent FDD filing, Shredder Indoor Ski and Snowboard School has 8 total units in the United States, including 4 franchised units and 4 company-owned units. 3 new units were opened in the latest reporting year.
Is Shredder Indoor Ski and Snowboard School a good franchise to buy?
FranchiseVerdict rates Shredder Indoor Ski and Snowboard School as a B-grade franchise with a verdict score of 56 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent Shredder Indoor Ski and Snowboard School, you can request corrections or provide updated information.
Other Education franchises
Compare similar franchise opportunities in the Education category
Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.