SPENGA is a fitness studio featuring cardio, strength, and spin training equipment, fitness classes, and branded merchandise. The franchise offers a comprehensive workout experience.
Key Insights
- SPENGA was established with a vision to revolutionize fitness by blending three core disciplines into one energizing experience, focusing on building a community around functional fitness and mental well-being. The business model emphasizes a holistic approach, encouraging members to push their limits and achieve their fitness goals in a supportive and inspiring environment.
- The franchise operates through high-energy studio locations offering a unique combination of spin, strength training, and yoga. Members benefit from a structured class format designed to improve cardiovascular health, build lean muscle, and enhance flexibility, all within a single session. The business model supports scalability and operational efficiency for franchisees.
- Operating within the thriving health and wellness sector, SPENGA caters to a growing demand for specialized and results-driven fitness programs. The industry experiences consistent growth as consumers increasingly prioritize physical and mental health, seeking effective and engaging workout solutions that fit into their lifestyles.
Franchise Fee and Costs to Open
Exploring the financial picture of SPENGA 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 $552,267 - $789,595, along with a franchise fee of $49,500 - $49,500.
Financial Performance and Revenue
Yearly gross sales of $562,229 and estimated earnings of $84,335 - $101,202 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 7.7-9.7 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
SPENGA provides new franchisees with comprehensive initial training. This intensive program, spanning four weeks, takes place at SPENGA’s corporate headquarters. The franchisor offers a robust set of resources to support business launch and ongoing operations. SPENGA recommends utilizing these tools for a well-rounded approach to establishing and running your SPENGA studio.
Legal Considerations
Legal considerations for a SPENGA 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 may encounter challenges related to establishing a distinct market position against established local fitness offerings, managing the intricate operational demands of delivering a multi-disciplinary workout, and securing consistent availability of specialized equipment and branded apparel. Navigating these aspects will be a key consideration for success.
Franchise Datasheet
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