CycleBar

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.

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CycleBar Franchise Cost and Requirements for 2022

Background

Financial Strength and Management Strength:
CycleBar is owned by TPG Growth Partners an $83 Billion Private Equity Fund and is extremely well capitalized and prepared to invest significant resources in order to see the brand develop a nationwide footprint.

Top Selling Points:

  • Sustainability: Spinning is embedded in our American Culture has been in existence for 30 years
  • Semi-Absentee: As an Executive Model, you can effectively hire someone to Manage the Studio and spend your time developing your other interests.
  • Proven Business Model: Soul Cycle and Flywheel are proof of concept in all major markets
  • Demand: There are more than 200,000 certified spin instructors in our country today and 10,000 more get certified every year
  • 100% Ecommerce business: clients pay online for their spin sessions/packages
  • Hundreds of A-quality retail locations: a unique brand with no direct franchise competitor
  • Quick ramp up: Our prototype model was positive cash flow in the 1st month

Recession Resistant
Spinning has been around for 30 years is one of the most recession proof businesses in franchising today. Spinning will never go away...and during downturns people focus more on themselves with personal services and fitness to make themselves feel better. CycleBar is offering the best indoor fitness experience with an unmatched platform in the country at a reasonable moderate price point.

Company Details

Established: 2015
First Unit Franchised: 2015
Franchised Units: As of 06/30/2020 - 477 sold/231 open
Company Owned Units: 0
States Registered In: FDD filed and registering in all states
Canada Franchises: Yes - accepting Canada referrals
International Franchises: Yes - not accepting international referrals at this time

Support and Training Offered By CycleBar

Financial Assistance Provided: NA

Site Selection Assistance: We will assign franchisee a local commercial RE broker to aid in their site selection process. This broker works on all XPO brands in the market and can leverage relationships with landlords where we have already placed XPO units. We also have a VP of Real Estate on the XPO level who works to build relationships with national REITs and also pre-approves sites throughout the county (we currently have 800+ pre approved sites).

Lease Negotiation Assistance: Our XPO RE team & the local broker will help with the LOI & lease negotiations. We also have a panel of pre-approved attorneys to review/approve all lease language.

Recruiting Assistance: XPO has a national recruiter who will help franchisees with job postings.

Co-Operative Advertising: NA

Training:

Strong Starts

  • Site selection and lease negotiation
  • Studio construction management
  • Franchise University 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
  • Turn key annual marketing calendar
  • Marketing Support

2022 Franchise Requirements Needed to Own a CycleBar Franchise.

What does a CycleBar Franchise Cost?

CycleBar franchise fees for 2022:

Total Investment: $407,810 - $499,860

Cash Investment: $100,000

Minimum Net Worth: $500,000

Franchise Fee: $60,000
Royalty: 7%
Ad: 2%
Average Number of Employees: 5-10
Item 19: Yes
visa-candidates: Yes
Passive Ownership: Yes
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: No

Is CycleBar a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. CycleBar is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is CycleBar a Home Based franchise?

No. CycleBar is not a home based franchise opportunity.

What Do CycleBar Franchise Owners Make?

Click here to find out how much CycleBar franchisees make. CycleBar offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is CycleBar a Master Franchise Opportunity?

No. CycleBar is not a master franchise opportunity.

Does CycleBar Offer a Veteran Discount?

No. CycleBar franchise does not offer a veteran discount.

Does CycleBar Work with E2 Visa and EB-5 Visa Candidates?

Yes. CycleBar franchise does work with E2 Visa and EB-5 Visa candidates.

Is CycleBar Looking for Franchisees in Canada?

Yes. CycleBar franchise is looking for Canada franchisees.

Is CycleBar Looking for International franchisees?

No. CycleBar franchise is not looking for International franchisees.

Additional Information

Additional Categories

Health, Beauty & Nutrition, Fitness

Number of Units Open

100+ UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

No

E2 Visa Franchise

Yes

CycleBar Franchises for Sale

Click Here to inquire about existing CycleBar franchises for sale. We may have CycleBar franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.