Franchise FAQ

how much does it cost to open a soulcycle franchise

by Miss Maureen Schmidt V Published 2 years ago Updated 1 year ago

Full Answer

How much does soul cycle cost?

Soul Cycle offers single classes, class packs or membership options. Your first class is offered at a beginner rate of $25. Following that, each class will cost you $38. Alternatively, monthly memberships start at $146 for 4 classes.

Is SoulCycle a good fitness studio?

SoulCycle is a popular fitness studio offering spin cycle classes. It’s owned by Equinox Fitness Group and known to be a top tier cycle class. These intense cycle classes claim to be an immersive, full body experience. There are studios across the United States and Canada.

How long are SoulCycle classes?

Most SoulCycle classes are 45 minutes long. If you need some extra fun, they also offer 60- and 90-minute classes. If you are attending your first class, SoulCyclers recommend arriving 15 minutes early to set up your bike, get a tour of the facility and sign a safety waiver. How Much is SoulCycle Per Month?

How many calories does a SoulCycle class burn?

On average, you can expect to burn between 500-700 calories in one 45-minute SoulCycle class. This is an extremely high amount for one workout session, so these classes really pack a punch! How Long Are SoulCycle Classes? Most SoulCycle classes are 45 minutes long. If you need some extra fun, they also offer 60- and 90-minute classes.

How much does a cycle bar franchise cost?

You must pay to CycleBar a lump sum initial franchise fee of $60,000 (the “Initial Franchise Fee”) to establish a single Studio under a Franchise Agreement (whether a start-up or conversion).

How much royalties do you get for a franchise?

9. Royalty: the greater of (i) 7% of your Gross Sales of your franchised Studio, or (ii) $1,000 per month (subject to increase annually based on a change to the CPI)

What is the FFE package?

You must purchase an initial package of furniture, fixtures, and equipment that is designed to provide you certain of the primary items that you will need in connection with outfitting, equipping, and otherwise building out your Studio (the “Initial FFE Package”), and includes the cost of shipping and installation.

How much does the FFE package cost?

As of the Issue Date of the current Disclosure Document, the Initial FFE Package costs approximately $57,000 and includes fitness equipment (other than the exercise bikes that are leased), as well as certain other furniture, fixtures, and other equipment to be used in the Studio (which may include cabinetry, retail displays, lockers, benches, lighting systems, telephones, and office furniture).

How many bikes does CycleBar lease?

CycleBar’s standard franchise offering assumes and expects that you will lease the 45 to 55 exercise bikes and certain associated equipment (the “Bike Equipment Package”) from CycleBar’s approved supplier for such leasing services, in which case: (i) you will pay that lessor directly for the right to lease and possess that package of exercise bikes necessary to operate the Studio; and (ii) no disclosure is required in this Item.

What is a technology fee?

The Technology Fee currently includes fees related to your access to and usage of CycleStats, CycleBeats, CycleBar’s reservation system, CycleBar’s intranet, CycleBar’s business management software, any mobile application CycleBar has developed, and the System Website (“Technology Fee”).

How much does Cyclebar cost?

You must pay CycleBar approximately $26,000 for certain studio management technology, software, and equipment that are necessary to operate the Studio using CycleBar’s System (collectively, the “Studio Management System”), which will include the typical costs of acquiring the hardware, software, technology licenses, other equipment, and network connections that CycleBar specifies in the Manuals necessary to operate the CycleBeats music system and the CycleStats technology platform, along with certain tablet computers, displays, payment processing equipment, brackets and fixtures, and other related hardware and software.

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