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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! 

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