Shredder Indoor Ski and Snowboard SchoolFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $219K – $395K
- 43rd pct Education
- Avg gross sales
- $260K
- 10th pct Education
- Royalty
- 6.0%
- 6th pct Education
- Units
- 8
- 22nd pct Education
- SBA default
- N/A
Quick verdict · Education · color = vs category peers
Green = >15% above Education avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $219K – $395K including a $28K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $260K/year (median $261K).
- Verdict B (Above Average) with a risk score of 55/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Shredder International, LLC
- Incorporated in
- CO
- HQ
- 4890 Ironton Street, Units F & G, Denver, Colorado 80239
- Auditor
- Kezos & Dunlavy
- Audited financials
- Franchisor revenue
- $290K
- vs $43K prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
Franchisees operate indoor ski and snowboard instruction facilities, managing lesson scheduling, instructor staff, equipment maintenance, and customer retention. Day-to-day operations include teaching lessons, managing facility equipment (ski slopes/simulators), handling member/guest check-ins, and marketing to local recreational and tourism audiences.
- CEO
- Rachel Brittenham
- Headquarters
- CO
- Founded
- 2020
- FDD year
- 2025
- States available
- 4
FDD Item 7 · 2025 filing · 17 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $28K | $28K | |
| Lease, Utility and Security Deposits | $2K | $3K | |
| Business Licenses and Permits | $2K | $3K | |
| Construction/Leasehold Improvements | $81K | $220K | |
| Rent (first 3 months) | $10K | $20K | |
| Architect and Design Fees | $3K | $5K | |
| Signage | $8K | $13K | |
| Furniture and Fixtures | $3K | $3K | |
| POS and Back-Office System | $500 | $1K | |
| Office Equipment and Supplies | $2K | $3K | |
| Professional Services | $1K | $2K | |
| Equipment and Initial Inventory | $60K | $75K | |
| Insurance | $7K | $13K | |
| Training Expenses | $5K | $6K | |
| Curriculum Equipment | $3K | $4K | |
| Initial Launch Marketing | $5K | $10K | |
| Additional Funds - Initial 3 months | $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.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$42K
16.0% margin
Unlevered ROIC
12%
EBITDA / total invested capital
Payback
8.6 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $219K – $395K
- Near category avg vs category
- Liquid capital req'd
- $35K – $65K
- Near category avg vs category
- Franchise fee
- $28K – $28K
- Better than avg vs category
- Royalty
- 6.0%
- percentage_of_gross · 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 |
Financial Performance
- Avg gross sales
- $260K
- Per unit, per year
- Median gross sales
- $261K
- Item 19 type
- gross_sales
- Sample size
- 8 units
- vs category median 14
- Range (low → high)
- $21K→$436K
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 237 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.
vs Education averages
How Shredder Indoor Ski and Snowboard School Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 8
- Opened
- 3
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 50%
- vs corporate-owned
- Net growth (yr3)
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Opened (3yr)
- 3
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 4 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 4
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage, rapidly expanding niche concept with undisclosed profitability metrics and high capital requirements relative to disclosed revenues poses moderate-to-high financial risk for franchisees.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $75,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kezos & Dunlavy⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 55 / 100 rating
- 01MEDNet income not disclosed in FDD Item 19 — impossible to verify profitability claims against $259,569 average revenue
- 02MINORExplosive 300% YoY unit growth (from ~2 to 8 units) suggests either brand new system or recent rapid expansion with unproven sustainability
- 03MEDHigh investment range ($219k-$395k) relative to disclosed average revenue ($259,569) creates tight ROI timeline and breakeven risk
- 04MINOR6% royalty on gross sales (not net) means franchisees pay royalties even during loss periods
- 05MEDUltra-niche market (indoor ski/snowboard) with limited addressable market and high seasonal/weather dependency for customer acquisition
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Population-based |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Colorado |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 62 hrs
- On-the-job training
- 46 hrs
- Training location
- On-site and off-site
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
20 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Shredder Indoor Ski and Snowboard School · FDD (2025) PDF
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. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
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 0 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 risk score of 55 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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.
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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.