CycleBar is a boutique fitness brand offering indoor cycling classes in a community-oriented setting. The franchise provides immersive workout experiences with proprietary equipment.
Key Insights
- CycleBar emerged from a vision to create a premium indoor cycling experience, growing into a recognized brand that offers a unique fitness community and a dynamic workout. The franchise has established a presence across various markets, developing a distinct operational model.
- The franchise provides a structured approach to indoor cycling, integrating technology and high-energy classes led by instructors. Members access a range of class formats designed for varied fitness levels, all within a branded studio environment.
- Operating within the health and wellness sector, CycleBar is part of an industry experiencing sustained interest in boutique fitness and personalized training. The business caters to consumers seeking engaging and effective fitness solutions.
Franchise Fee and Costs to Open
Exploring the financial picture of CycleBar gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $410,809 - $1,110,193, along with a franchise fee of $60,000 - $60,000.
Financial Performance and Revenue
Yearly gross sales of $407,065 and estimated earnings of $61,060 - $73,272 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 11.8-13.8 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
CycleBar provides comprehensive training for new franchisees. This initial program, lasting two weeks, takes place at CycleBar's corporate headquarters. CycleBar offers robust operational and marketing resources to support business launch. Franchisees receive guidance on studio setup and class programming.
Legal Considerations
Legal considerations for a CycleBar franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee should consider the intensity of local studio competition, potentially requiring robust marketing to attract and retain clients. Operational complexity arises in managing instructor schedules, equipment maintenance, and studio ambiance. Furthermore, reliance on specific vendors for specialized equipment and merchandise presents supply chain considerations that can impact inventory and availability.
Franchise Datasheet
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