SPENGA

SPENGA is the NEXT BIG BUSINESS in fitness. SPENGA offers a 60-minute workout separated into three components. 20 minutes for each Spin, Strength and Yoga. By using three separate workouts in one 60-minute timeframe, SPENGA clients stay more motivated and have more fun than other concepts that offer a singular training method for the full 60 minutes.

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SPENGA

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SPENGA Franchise Cost and Requirements for 2024

Attractive EBITDA Margin - 40% EBITDA
Quick Profitability- Item 19, break even in 5 months with no pre-sales and $99 price point ($139 now)
Hot Trend- Fitness is hot and boutique fitness is the fasting growing segment in the industry
Boutique Fitness Chains have been adding new studios at a clip of 450% a year since 2010, Piper Jaffrey
- In 2015, 20% of all fitness memberships went to boutique fitness centers
- In 2016, 40% of all fitness memberships went to boutique fitness centers
Avoid Boredom - A plateau proof workout that transitions to a new workout segment every 20 minutes. (20 minutes spin > 20 minutes strength > 20 minutes yoga) Keeps our clients excited for each segment and provides a better workout because they continue to push themselves knowing each phase is only 20 minutes.
Uniqueness of the concept- All your fitness needs in one 60-minute workout and members never have to clean anything. The staff comes behind them every step of the way cleaning the equipment.
Recurring Revenue Model - SPENGA members by recurring monthly packages that give them 4, 8 or unlimited sessions.
Simplicity of Operations- Lean staff, no real inventory (besides clothing items), payroll increases as membership grows (control payroll costs through schedule/session roll-out).
Low Cap Expenses

Established: 2015
First Unit Franchised: 2016
Franchised Units: 300+
Company Owned Units: 1
Registered: Non-registration states, IN, MI, NY, RI & WI
Not accepting leads: AK, CA, IL & VA
Canada Franchises: No
International Franchises: No

Initial Training:

Initial training for managers and owners in Chicago
Instructor training at home location
Grand Opening support and additional training
Real estate
Site selection
Competitive market analysis
Facility layout
National contractor and architect
Financing options (Third Party)
Equipment purchasing
Insurance
Signage and decor

On-Going Support:

On-going weekly/monthly support and field assistance
Monthly advertising and sales assistance
Central purchasing
Payroll provider
Monthly marketing guidance
Monthly sales assistance
Continued intructor training
Field support
Retail support and products
Recruiting tools and support
Daily fitness programming
Quarterly programming advances
Monthly event and community outreach guidance and planning

What does a SPENGA Franchise Cost?

SPENGA franchise fees for 2024:

Cash Investment: $250,000
Total Investment: $435,931 - $823,615
Minimum Net Worth: $500,000
Franchise Fee: $49,500
Royalty: 7%
Ad: 2% - not yet being billed
Average Number of Employees: 12
Item 19: Yes
Visa Candidates: No
Semi-Absentee Ownership / Executive Model: Yes
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes - $5,000 off first unit franchise fee

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

Yes. SPENGA 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 SPENGA a Home Based franchise?

No. SPENGA is not a home based franchise opportunity.

What Do SPENGA Franchise Owners Make?

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

Is SPENGA a Master Franchise Opportunity?

No. SPENGA is not a master franchise opportunity.

Does SPENGA Offer a Veteran Discount?

Yes. SPENGA franchise does offer a veteran discount.

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

No. SPENGA franchise does not work with E2 Visa and EB-5 Visa candidates.

Is SPENGA Looking for Franchisees in Canada?

No. SPENGA franchise is not looking for Canada franchisees.

Is SPENGA Looking for International franchisees?

No. SPENGA franchise is not looking for International franchisees.

Where can I see SPENGA'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

Fitness, Health, Beauty & Nutrition, Non Food Franchises

Number of Units Open

50-100 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

Click Here to inquire about existing SPENGA franchises for sale. We may have SPENGA 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.

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Red Boswell, President

SPENGA Franchise Cost and Requirements for 2024

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Company Details

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