CycleBar Premium Indoor Cycling - Franchise
CycleBar is the first and largest network of Indoor Cycling studios, with more than 200 studios open. Ranked in Inc. Magazine's 2020 Inc.5000 List and Entrepreneur Magazine's Franchise 500 three years running, the concept of indoor cycling has built incredible momentum in the last few years and known to be one of the best full-body cardio workouts. Offering a multi-sensory experience with certified CycleStar® instructors and energy-enhancing CycleBeats® music playlists, CycleBar is experiencing success in a proven industry.
Requirements
Financial requirements for this franchise:
| Liquid Capital: | $100,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $600,000 What does Net Worth mean? |
| Franchise Fee: | $60,000 What does Franchise Fee mean? |
| Total Investment: | $319,150 - $497,200 What does Total Investment mean? |
Options
Options available to franchisees:
| Financing: | Via 3rd party |
|---|---|
| Training: | Available |
| Veteran Discount: | $499 training fee is waived for any veteran |
Franchisor Details
Facts about this franchise:
| Total Units: | 200+ |
|---|---|
| Home Office: | Costa Mesa, CA |
| Year Founded: | 2014 |
| Franchising Since: | 2015 |
What Does a CycleBar Premium Indoor Cycling Franchise Cost?
To buy a franchise with CycleBar Premium Indoor Cycling, you'll need to have at least liquid capital of $100,000 and a minimum net worth of $600,000. Franchisees can expect to make a total investment of $319,150 - $497,200. CycleBar Premium Indoor Cycling charges a franchise fee of $60,000. They also offer financing via 3rd party as well as a discount for veterans ($499 training fee is waived for any veteran). *
About Cyclebar® Premium Indoor Cycling™
CycleBar is the first and only truly premium experiential fitness concept offered in franchising. The concept of indoor cycling has built incredible momentum over the last 30 years. CycleBar leverages current markets to capitalize on this momentum and is experiencing exceptional success in a proven industry.
The CycleBar® mission is simple - to create a fun and accessible experience for riders of all ages and fitness levels! We fuel each ride with amazing music in our state-of-the-art CycleTheatre® and deliver concierge-level service and an exhilarating experience that goes far beyond a great cardio fitness workout. Each ride is an unparalleled multisensory, intoxicating journey where riders are driven to ‘rock the ride, each and every time’.
CycleBar is the largest network of Premium Indoor Cycle Studios in the world, with more than 380 locations sold and 180 open. CycleBar provides an established executive model, intensive training and a completely scalable business to make the possibilities endless!
CycleBar is part of the Xponential Fitness family of brands, the curator of the best fitness & wellness brands aross every vertical of boutique fitness. With more than 25 years of boutique fitness franchising experience within each brand, Xponential Fitness has the resources and network to ensure continued growth and support for our franchise partners. Current Xponential Fitness franchise brands include Club Pilates, Row House, StretchLab, Yoga Six and AKT.
Why CycleBar?
First Mover Advantage: CycleBar is the largest network of Premium Indoor Cycling Studios in the world, with territorial availability across most major markets and states in the US as well as international territories.
Fast Growing Franchise: CycleBar is the first and largest Premium Indoor Cycling concept offered in franchising. With 200 studios open and a loyal, growing following, CycleBar is rapidly expanding.
Executive Model: Enjoy our recurring revenue model, exceptional EBITDA margins, and the simple approach we take to human resources.
Investment: CycleBar's turnkey franchise model provides a completely scalable business that lets you determine your own success. Leverage significant development costs and national vendor relationships to launch your studio successfully!
What Support Does CycleBar Provide?
Comprehensive Training: We believe extensive support & comprehensive training is pivotal for your success as a CycleBar Franchise Owner. Attend a 3-day training course at our corporate headquarters in California, an annual Franchise Convention & ongoing weekly support. Your staff will also undergo extensive sales training to ensure your team drives your studio's success.
Recruitment: Receive assistance hiring the most qualified instructors, general managers & sales team. We know the quality of the instructor can make or break the cycle experience; each ride a journey, whether there to rock out or zen out.
Sales: Enjoy comprehensive & ongoing sales training, monthly calls & expert guidance from pre-sale through to Grand Opening & into sustainability. Get introduced to our multi-channel sales process to drive sales from the start!
Finance: Our finance team will provide assistance in loan processing through the SBA and preferred financiers.
Real Estate: Our dedicated staff will help you in the site selection & lease negotiation to find the ideal site for your CycleBar.
Marketing: The minute you sign your lease agreement, the marketing of your location begins, with personalized support to set you up with all means of generating website traffic and memberships.
Suite Build Support: We'll guide you through the entire build-out process from approved layout and general construction to interior design, music, and technology.
Ideal Candidate
We're looking for franchise owners who are outgoing and have sales, marketing, and/or management experience, and who are results oriented. A person who can build relationships, lead a team, and who has the motivation to excel! You must have a minimum of $100,000 in liquid capital, and be ready to make a strong commitment to the CycleBar® brand and its growth!
Next Steps
Get to know more about CycleBar premium indoor cycling and the only franchise luxury fitness brand in the nation. Fill out the form and one of our CycleBar representatives will get back with you shortly. Thank you for your interest in CycleBar!
Availability
CycleBar Premium Indoor Cycling is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $100,000 in liquid capital to invest.
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