Cash Investment (Liquid): $100000

Minimum Investment: $319150

Maximum Investment: $497200

Minimum Net Worth: $500000

Franchise Fee: $60000

Business Type
  • Retail 

B2B/B2C

  • B2C

Discounts
  • NA

Average # of Employees:

1-5

Participation Type:

  • Executive Model

  • Semi-Absentee

Background

  • Year Established: 2014

  • Year First Franchised: 2014

CycleBar
WHO ARE WE?

CycleBar is an inclusive and affordable experiential retail concept offering premium Indoor Cycling classes. Indoor cycling has been a defined fitness platform for nearly 30 years. 200,000 individuals have been certified as spinning instructors over the years and 10,000 new instructors get certified every year. These numbers provide empirical evidence that demand an awareness exist in each and every market.

Why US?

Features of Business

  • The Experience

- The class occurs in a setting that looks and feels like an IMAX theater

- Premium Amenities (everything the customer could ever need) offered complimentary

  • The Financial Structure

- "Membership" consumer model

- Revenue is generated reoccurring by EFT

  • Simple Human Resources... Not labor intensive

- Semi-Absentee

- Front desk sales and instructors

  • 4-7 Indoor Cycling Classes offered each day

  • Modern and Elegant Design in a 2,000 sq. ft footprint

The Industry/Space

  • CycleBar is a Premium Boutique Fitness model dedicated to offering the most dynamic fitness experience in the market today

  • Boutique Fitness has enjoyed 450% growth year over year since 2010

  • Spinning has been a defined program in fitness studios since 1987

  • 10,000 new individuals are certified as spinning instructors every year

  • Premium indoor cycling was pioneered by Soul Cycle 10 years ago

  • CycleBar is the first and only dedicated spinning studio offered as a franchise

Support

Support and Training Notes:

  • Site selection and lease negotiation

  • Studio construction management

  • Franchise Unviersity week-long training

  • Initial hiring visit, Grand opening visit - 3 Sr team members for 1 full week

Ongoing Support

  • Monthly support calls - to track business progress

  • KPI training

  • 2X yearly field support visits - Bi Annual Review

  • Turnkey annual marketing calendar

  • Marketing Support

Real estate and construction support

  • Exceptional National Vendors assist in every aspect of RE and Construction

  • Site evaluation

  • Site selection

  • Lease negotiation

  • Lease review

  • Architecture

  • Engineering

  • Construction Management

Desired background of prospects and Ideal Candidate

As one of the few SEMI-ABSENTEE models in franchising, CycleBar may be presented to a candidate (with any background) that qualifies based on the required financial criteria. They are looking for franchisees with basic business skills that can manage and motivate a team, have sufficient financial resources, and will follow the blueprint of a proven business model. If your candidate has these qualities, then they are a prime candidate to own and operate a CycleBar franchise! 

Complete this form to learn about the average revenue of this franchise!

 

 

 

 

 

Sarah Barker | SSB Consulting

Franchise Consultant  & Recruiting Specialist

Located in Boise, ID

Working with clients in all states.

*LEGAL DISCLAIMER: The information contained on this website does not constitute the offer and sale of a franchise. It is for information purposes only. 

           

           208.724.1731

           Sarah@SSBconsulting.us

 

 

 

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