CycleBar
Indoor cycling classes- 2022 Franchise 500 Rank
-
#496 Ranked #351 last year
- Initial investment
-
$347K - $488K
- Units as of 2022
-
263 54.7% over 3 years
Company Overview
About CycleBar
- Industry
- Health & Wellness
- Related Categories
- Fitness
- Founded
- 2014
- Parent Company
- Xponential Fitness
- Leadership
- Anthony Geisler, CEO
More from CycleBar
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 200 locations slated to open throughout 2019. 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 decades 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 indoor-cycling concept. With more than 380 locations sold and more than 200 locations open, CycleBar is rapidly expanding.
Eexecutive Model
Enjoy our recurring revenue model, exceptional EBITDA margins and the confidence in our team that has more than 25 years of experience in fitness franchising.
Invesment
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 Provider?
Real Estate
Our dedicated staff will help you in the site selection and lease negotiation to find the ideal site for your CycleBar Franchise.
Finance
Our finance team will provide assistance in loan processing through the SBA and preferred financiers
Site Build Support
We’ll guide you through the entire build out process from corporate approved layout & general construction to interior design & on-site security, music & technology.
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!
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.
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.
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.
Franchising Overview
- Franchising Since
- 2015 (7 years)
- # of employees at HQ
- 25
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees in the following international regions: Asia, Middle East, Europe (Eastern), Europe (Western), Central America, Canada, South America, Mexico
- # of Units
- 263 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a CycleBar franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $60,000
- Initial Investment
- $346,910 - $487,910
- Net Worth Requirement
- $500,000 - $5,000,000
- Cash Requirement
- $100,000
- Royalty Fee
- 7%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- CycleBar has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 22.5 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 15
- Are exclusive territories available?
- Yes
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Franchise 500 Ranking History
Compare where CycleBar landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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