SPENGA

SPENGA is the NEXT BIG BUSINESS in fitness. SPENGA offers a 60-minute workout separated into three components. 20 minutes for each Spin, Strength and Yoga. By using three separate workouts in one 60-minute timeframe, SPENGA clients stay more motivated and have more fun than other concepts that offer a singular training method for the full 60 minutes.

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SPENGA Franchise Cost and Requirements for 2022

Background

  • Attractive EBITDA Margin - 40% EBITDA
  • Quick Profitability- Item 19, break even in 5 months with no pre-sales and $99 price point ($139 now)
  • Hot Trend- Fitness is hot and boutique fitness is the fasting growing segment in the industry
  • Boutique Fitness Chains have been adding new studios at a clip of 450% a year since 2010, Piper Jaffrey
    • In 2015, 20% of all fitness memberships went to boutique fitness centers
    • In 2016, 40% of all fitness memberships went to boutique fitness centers
  • Avoid Boredom - A plateau proof workout that transitions to a new workout segment every 20 minutes. (20 minutes spin > 20 minutes strength > 20 minutes yoga) Keeps our clients excited for each segment and provides a better workout because they continue to push themselves knowing each phase is only 20 minutes.
  • Uniqueness of the concept- All your fitness needs in one 60-minute workout and members never have to clean anything. The staff comes behind them every step of the way cleaning the equipment.
  • Recurring Revenue Model - SPENGA members by recurring monthly packages that give them 4, 8 or unlimited sessions.
  • Simplicity of Operations- Lean staff, no real inventory (besides clothing items), payroll increases as membership grows (control payroll costs through schedule/session roll-out).
  • Low Cap Expenses

Company Details

Established: 2015
First Unit Franchised: 2016
Franchised Units: 300+
Company Owned Units: 1
Registered: Non-registration states, IN, MI, RI & WI
Not registered: AK
Canada Franchises: No
International Franchises: No

Support and Training Offered By SPENGA

Financial Assistance Provided: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: No
Training:
  • Initial training for managers and owners in Chicago
  • Instructor training at home location
  • Grand Opening support and additional training
  • On-going weekly/monthly support and field assistance
  • Help Desk to expedite needs
  • Monthly advertising and sales assistance
  • Central purchasing

2022 Franchise Requirements Needed to Own a SPENGA Franchise.

What does a SPENGA Franchise Cost?

SPENGA franchise fees for 2022:

Cash Investment: $250,000
Total Investment: $288,605-$858,138
Minimum Net Worth: $500,000
Franchise Fee: $49,500
Royalty: 7%
Ad: 2% - not yet being billed
Average Number of Employees: 12
Item 19: Yes
Visa Candidates: No
Passive Ownership: Yes
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes 

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

Yes. SPENGA 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 SPENGA a Home Based franchise?

No. SPENGA is not a home based franchise opportunity.

What Do SPENGA Franchise Owners Make?

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

Is SPENGA a Master Franchise Opportunity?

No. SPENGA is not a master franchise opportunity.

Does SPENGA Offer a Veteran Discount?

Yes. SPENGA franchise does offer a veteran discount.

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

No. SPENGA franchise does not work with E2 Visa and EB-5 Visa candidates.

Is SPENGA Looking for Franchisees in Canada?

No. SPENGA franchise is not looking for Canada franchisees.

Is SPENGA Looking for International franchisees?

No. SPENGA franchise is not looking for International franchisees.

Additional Information

Additional Categories

Fitness, Health, Beauty & Nutrition, Non Food Franchises

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

No

International Franchise Opportunities

No

E2 Visa Franchise

No

SPENGA Franchises for Sale

Click Here to inquire about existing SPENGA franchises for sale. We may have SPENGA 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.