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.
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.
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 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.
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 many CycleBar studios are there?
With more than 200 studios open across the globe and ranked in Entrepreneur Magazine's Franchise 500 three years running, Fastest-Growing Franchises in 2021, and Inc. Magazine's Inc. 5000 list, CycleBar is 2 x larger than its largest competitor and leading the thriving indoor-cycling industry.
What is a cycle bar?
CycleBar is the largest Indoor Cycling franchise in the world today. 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 two years running, the concept of indoor cycling has built incredible momentum in ...
The CycleBar Story
Lately, it seems that everyone is on a health kick trying to find the best workout routines and trying new fad diets. One thing that will never change, is the fact that people will always find a way to take part in a new and innovative exercise experience. The CycleBar originated in 2004 by sibling founders, Alex and Bill.
Requirements and Details on Franchising CycleBar
There are many factors that you must consider when you start thinking of franchising a business. Cost may be the first thing that crosses your mind and in most cases, it can be the one thing stopping you from franchising in the first place. Some companies may offer financing to help you pay for the high cost of fees.
Riding Out of Here
With the thousands to millions of franchise opportunities, it’s by no means easy to narrow down the search. Especially when you have no idea where to start. Once you have the industry narrowed down, it can become a little easier.
How can My Solo 401k Financial help me fund a CycleBar Franchise?
My Solo 401k Financial has helped thousands of entrepreneurs with franchise financing. We specialize in helping franchisees use their retirement funds without paying taxes or penalties as well as SBA business loans.
Use Your 401k to Start a CycleBar Franchise
If you an aspiring entrepreneur looking for financing to open a CycleBar Franchise, you may want to consider using our ROBS 401K Business Financing plan which allows you to invest your retirement funds in your business without paying taxes or penalties.