CycleBar

CycleBar is an inclusive and affordable experiential retail concept offering Premium Indoor Cycling classes. Indoor cycling has been a defined fitness platform for nearly 30 years.

Interested in Franchise Ownership?

Request a Consultation

CycleBar

Request a Consultation

CycleBar Franchise Cost and Requirements for 2024

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:

Sustainability: Spinning is embedded in our American Culture has been in existence for 30 years
Semi-Absentee: As an Executive Model, you can effectively hire someone to Manage the Studio and spend your time developing your other interests.
Proven Business Model: Soul Cycle and Flywheel are proof of concept in all major markets
Demand: There are more than 200,000 certified spin instructors in our country today and 10,000 more get certified every year
100% Ecommerce business: clients pay online for their spin sessions/packages
Hundreds of A-quality retail locations: a unique brand with no direct franchise competitor
Quick ramp up: Our prototype model was positive cash flow in the 1st month

Recession Resistant
Spinning has been around for 30 years is one of the most recession proof businesses in franchising today. Spinning will never go away...and during downturns people focus more on themselves with personal services and fitness to make themselves feel better. CycleBar is offering the best indoor fitness experience with an unmatched platform in the country at a reasonable moderate price point.

Established: 2004
First Unit Franchised: 2014
Franchised Units: 200+ open locations, largest provider of indoor cycling

Company Owned Units: 0
States Registered In: 2023 FDD filed
Canada Franchises: Pending Canadian registration
International Franchises: Not accepting international referrals at this time

Site Selection Assistance: We will assign franchisee's 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. We also have a VP of Real Estate on the XPO level who works to build relationships with national REITs and also pre-approves sites throughout the county (we currently have 2,000+ pre approved sites).

Lease Negotiation Assistance: Our XPO RE team & the local broker will help with the LOI & lease negotiations. We also have a panel of pre-approved attorneys to review/approve all lease language.

Recruiting Assistance: XPO has a national recruiter who will help franchisees with job postings.

Training:

Strong Starts

Site selection and lease negotiation
Studio construction management
Franchise University week-long training
Initial hiring visit, Grand opening visit - 3 Sr team members for 1 full week

Ongoing Support

Monthly support calls - to track business progress
KPI training
2X yearly field support visits - Bi Annual Review
Turn key annual marketing calendar
Marketing Support

What does a CycleBar Franchise Cost?

CycleBar franchise fees for 2024:

Total Investment: $337,720 - $511,455

Cash Investment: $100,000

Minimum Net Worth: $500,000

Franchise Fee: $60,000 (included in investment range)
Royalty: 7%
Ad: 2%
Average Number of Employees: 5-10
Item 19: Yes
visa-candidates: Yes
Passive Ownership: Semi-Absentee Ownership: The franchisee will need to hire a general manager for day-day operations. This is a true manager run model. Not passive.
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: No

Is CycleBar a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. CycleBar is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is CycleBar a Home Based franchise?

No. CycleBar is not a home based franchise opportunity.

What Do CycleBar Franchise Owners Make?

Click here to find out how much CycleBar franchisees make. CycleBar offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is CycleBar a Master Franchise Opportunity?

No. CycleBar is not a master franchise opportunity.

Does CycleBar Offer a Veteran Discount?

No. CycleBar franchise does not offer a veteran discount.

Does CycleBar Work with E2 Visa and EB-5 Visa Candidates?

Yes. CycleBar franchise does work with E2 Visa and EB-5 Visa candidates.

Is CycleBar Looking for Franchisees in Canada?

No. CycleBar franchise is not looking for Canada franchisees.

Is CycleBar Looking for International franchisees?

No. CycleBar franchise is not looking for International franchisees.

Where can I see CycleBar's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Categories

Health, Beauty & Nutrition, Fitness, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

$100,000 - $250,000

Master Franchise

Passive Franchise

Yes

Home Based Franchise

Item 19 Franchise

Yes

Veteran Discount

B2B

Franchise Opportunities in Canada

International Franchise Opportunities

E2 Visa Franchise

Yes

Click Here to inquire about existing CycleBar franchises for sale. We may have CycleBar franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

Schedule a Free Tour with IFPG

“IFPG’s mission is to serve the franchise industry with innovation, growth and opportunity. We do that by constantly improving and adding to the value we bring our members. Find out why more than 1,500 of the industry’s most respected professionals chose IFPG. Schedule a one-on-one virtual tour with a member of our team. Thank you for the opportunity to serve you.”

Red Boswell, President

CycleBar Franchise Cost and Requirements for 2024

Background

Company Details

Support and Training Offered By CycleBar