CycleBar is an inclusive and affordable experiential retail concept offering premium Indoor Cycling classes. As the FIRST and ONLY premium indoor cycling fitness concept offered as a Franchise opportunity, CycleBar was built to LEVERAGE this existing awareness and demand in every market and provide a business opportunity for entrepreneurs to enjoy an exceptionally high margin business that is relatively simple to operate. A unique and unmatched user experience! As an Executive Model, you can effectively hire someone to manage the studio and spend your time developing your other interests.
Healthcare & Senior Care, Sports & Recreation
About CycleBar
Founded in 2004, CycleBar is the largest indoor cycling brand and offers a variety of low-impact, high intensity indoor cycling workouts, which are inclusive of all fitness levels. CycleBar offers an immersive, multi-sensory experience in state-of-the-art “CycleTheaters,” led by specially trained instructors, enhanced with high-energy “CycleBeats” playlists and tracked using rider-specific “CycleStat” performance metrics. The immersive experience calms the mind, elevates the mood and revives the senses in 50 minutes which was purchased by boutique fitness powerhouse parent company, Xponential Fitness in 2014. CycleBar is still an inclusive and affordable experiential retail concept offering premium Indoor Cycling classes. Indoor cycling has been a defined fitness platform for nearly 30 years. 200,000 individuals have been certified as spinning instructors over the years and 10,000 new instructors get certified every year. These numbers provide empirical evidence that demand and awareness exist in each and every market. As the FIRST and largest indoor cycling fitness concept offered as a Franchise opportunity, CycleBar was built to LEVERAGE this existing awareness and demand in every market and provide a business opportunity for entrepreneurs to enjoy an exceptionally high margin business that is relatively simple to operate. A unique and unmatched user experience! As an Executive Model, you can effectively hire someone to Manage the Studio and spend your time developing your other interests.
2015 (10 years)
12
-
Franchise Fees
$60,000
7.0%
Gross Sales
2.0%
Gross Sales
Why CycleBar?
Features of Business
- The Experience
- The class occurs in a setting that looks and feels like an IMAX Theatre o Premium Amenities (everything the customer could ever need) offered complimentary
- The Financial Structure
- “Membership” consumer model
- Revenue is generated reoccurring by EFT (100% ecommerce)
- Simple Human Resources….Not Labor Intensive
- Semi-Absentee
- Front desk Sales and Instructors
- 4-7 Indoor Cycling Classes offered each day
- Modern and Elegant Design in a 2,000 sq. ft footprint.
The Industry/Space
- CycleBar is a Premium Boutique Fitness model dedicated to offering the most dynamic fitness experience in the market today
- Boutique Fitness has enjoyed 450% growth year over year since 2010
- Spinning has been a defined program in fitness studios since 1987
- 10,000 new individuals are certified as spinning instructors every year
- Premium indoor cycling was pioneered by Soul Cycle 10 years ago
- CycleBar is the first and only dedicated spinning studio offered as a franchise operating since 2014
- *Exceptionally High Margins
- *Small footprint average - 2,000sf storefront
The Market and Financial Translation
- Every single market (urban or suburban) offers spinning classes
- CycleBar leverages existing awareness and demand by offering the most premium experience in the market
Ideal Candidate
As one of the few SEMI-ABSENTEE models in franchising, CycleBar is perfect for a candidate (with any background) that qualifies based on the required financial criteria. We are looking for franchisees with basic business skills that can manage and motivate a team, have sufficient financial resources, and will follow the blueprint of a proven business model.
$402,650 - $498,700
$100,000
$500,000
