Pedal Pub is a mobile, pedal-powered pub experience allowing groups to enjoy social outings while exercising. The franchise offers services for pub crawls, private parties, and corporate events on a unique wheeled platform.
Key Insights
- Pedal Pub began as a creative venture to offer unique group experiences, evolving into a recognized leader in the party bike industry. The core operation involves providing pedal-powered trolleys for social outings, guided by a designated pilot, offering a mobile venue for celebrations and exploration within communities.
- The franchise operates within the burgeoning experiential tourism and entertainment sector, catering to a demand for novel group activities. This industry segment focuses on creating memorable moments and social gatherings, with a growing preference for interactive and fun recreational options.
- This business has established a network of locations, fostering a recognizable brand in the market. The model encourages community engagement and provides a distinctive way for groups to enjoy local scenery and attractions, contributing to its appeal as a business opportunity.
Franchise Fee and Costs to Open
Exploring the financial picture of Pedal Pub 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 $114,645 - $281,196, along with a franchise fee of $19,900 - $39,900.
Financial Performance and Revenue
Yearly gross sales of $113,984 and estimated earnings of $15,958 - $20,518 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 11.4-13.4 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
Pedal Pub provides comprehensive training for new franchisees. This initial training program covers essential business aspects and operational procedures. The program offers a deep dive into running a successful Pedal Pub location. Training is typically a [mention length, e.g., five-day] program conducted at our [mention location, e.g., headquarters in Austin, Texas] facility. Pedal Pub recommends ongoing support and resources for continuous growth.
Legal Considerations
Legal considerations for a Pedal Pub 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 entering the "Pedal Pub" model within the Other Businesses industry will encounter considerations like differentiating their offering amidst existing entertainment and transportation options in a locale. Managing diverse customer group dynamics and ensuring consistent operational flow, from booking to route execution, presents a layer of complexity. Furthermore, maintaining a reliable fleet and sourcing necessary maintenance parts from specific suppliers are points to anticipate.
Franchise Datasheet
FAQs
What is the minimum cash required to open a Pedal Pub franchise?
How can I estimate the profitability and return on investment (ROI) of a Pedal Pub franchise?
What is the franchisee fee for a Pedal Pub franchise?
How to open a Pedal Pub franchise?
How many locations does Pedal Pub have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
