Full Answer
How much does it cost to own a CycleBar franchise?
Total Investment: The total investment necessary to begin operation of a “CycleBar Franchise” franchise ranges from $319,150 – $497,200. Initial Fees: Initial franchise fee: $60,000.
Who is the owner of CycleBar?
CycleBar was founded in 2004 by Bill Pryor and his sister, Alex Klemmer. The company bills itself as the first and only premier indoor cycling franchise. The CycleBar workout features music, video graphics and rider-specific performance data. The classes are held in a theater that holds up to 55 bikes.
When did CycleBar start franchising?
2014About CycleBarFranchise Details:Founded:2014Franchising Since:Corporate Office:3185 Pullman Street, Costa Mesa, CA 92626Industries:Health and Wellness, Fitness
How many Cyclebars are there?
CycleBar is the largest network of Premium Indoor Cycling studios, with 147 locations in the United States and 3 ones outside the country.
How successful is CycleBar?
With more than 250 studios open across the globe and ranked on Entrepreneur Magazine's Franchise 500 four years running, Fastest-Growing Franchises in 2021, and Inc. Magazine's Inc. 5000 in 2020, CycleBar is 3 x larger than its largest competitor and leading the thriving indoor-cycling industry.
Why is it called CycleBar?
Spin studio CycleBar takes its name from the 4 lb. and 6 lb. body bars that are used to focus on upper body strength during most spin classes—so when you walk in, you know you're in for a full-body sweat session.
Are Spin Studios profitable?
Spin studios have proven to be a profitable venture, and there's no reason they can't continue to be profitable for many years to come. If you're prepared to work hard and meet the demands of a changing market, your spin studio's success will follow. Exercise.com can help you run your spin studio like a pro.
Is Soulcycle a franchise?
SoulCycle is a fitness company owned by Equinox Group which offers indoor cycling and spinning workout classes. It was founded in 2006, and has operations in the United States, Canada, and the United Kingdom. In early 2020, before the COVID-19 pandemic, it operated 99 studios....SoulCycle.TypeSubsidiaryWebsitesoul-cycle.com11 more rows
How long has CycleBar been in business?
Founded in 2004, CycleBar is the largest indoor cycling brand by number of studios and offers a variety of low-impact, high-intensity indoor cycling workouts, which are inclusive of all fitness levels.
How much does a spinning studio cost?
Your membership costs at a studio will depend on your state and how many classes you attend each month. On average, the drop-in class rates are between $15-$25 per spin class at a boutique studio. This price will also depend significantly on which area you live in, as urban areas have pricier classes on average.
Is SPiN a franchise?
SPiN is an international chain of franchised table tennis clubs and bars. The company was founded in 2009 by actress Susan Sarandon, her then-boyfriend Jonathan Bricklin, Andrew Gordon, Franck Raharinosy, and Wally Green.
Is CycleBar a public company?
On July 23, Xponential Fitness began trading as a public company with a share price of $12. Xponential owns nine boutique studio brands, including Cyclebar, Club Pilates and Pure Barre.
How did CycleBar start?
In the summer of 2015, Osterling made a simple google search for fitness franchises and came across CycleBar, an indoor cycling franchise. After more research and a visit to the franchise's Cincinnati, Ohio headquarters in September 2015, the duo were energized and knew they wanted to open a CycleBar.
How do I cancel my CycleBar membership?
YOU MAY CANCEL YOUR SUBSCRIPTION THROUGH THE VENUE YOU PURCHASED IT. IF YOU PURCHASED IN A STUDIO LOCATION, YOU MUST RETURN TO THE STUDIO LOCATION TO CANCEL. IF YOU PURCHASED THROUGH A CYCLEBAR WEBSITE OR APP CLICK THE CORRESPONDING "INFO" ICON OR “ACCOUNT” BUTTON AT THE TOP OF THE SCREEN TO REQUEST CANCELLATION.
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:
Support and Training Offered By CycleBar
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.
Franchises Similar to CycleBar
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What does a CycleBar Franchise Cost?
CycleBar has a total investment between $251,850 - $489,150 and requires $150,000 cash and a net worth of $600,000. CycleBar is the largest network of Premium Indoor Cycle Studios in the world, with more than 180 locations slated to open soon. CycleBar provides an established executive model, personalized marketing, sales and comprehensive training and a completely scalable business to make the possibilities endless! Net Worth Requirement: $500,000.
What Support Does CycleBar Provide?
REAL ESTATE: Our dedicated staff will help you in the site selection and lease negotiation to find the ideal site for your CycleBar Franchise.
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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.
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.
Ideal Candidate
We're looking for franchise owners who are outgoing and have sales, marketing, and/or management experience, and who are results oriented.
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!
How much does a cycle bar class cost?
The cost depends on the package you choose: it could be anywhere from $3 – $23 per class depending on if your location is in Michigan or New York City.
What is a cycle bar?
CycleBar is an indoor cycling experience that offers a high-energy workout, premium amenities such as towels and cold water on tap, and concierge service like receiving messages from your instructor in case of emergency . Cycle bar has designed its studio space to be more than just the place where you get sweaty; it’s also a rock concert venue equipped with music piped through speakers all over so riders can enjoy their ride while getting lost in some tunes.
How does CycleBar work?
If you are a first-time rider you have to sign in before arriving and also , if you are under 18 you must have a waiver by an adult. You’ll be asked to come 10-15 minutes before the class starts, so a staff member can show you how everything works. If this is not your first ride but instead youțre signing in for another class, then all that you will have to do is sign with your name (since you’re already registered) as well as note what type of bike you want.
Why did Bill Pryor and Alex Klemmer create Cyclebar?
When creating Cyclebar, the founders wanted something different for people that wanted to work out – not simply a gym session but rather a change of pace and scenery that would make them feel better about themselves at the end of every day.
