General

Industry

Food and Beverage

Category

Other

SBA Identifier

S3428

Year of Founding

2017

Fees

Marketing Fee

NA

Royalty Fee

Varies

Franchise Fee

$34,900-$39,900

Investment Range

$111K-$288K

Location units

Total U.S. Locations

13

U.S. Franchised Units

12

U.S. Corporate Units

1

Headquarters (City)

Saint Paul

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2018

Issuance of FDD Data

05/20/2022

What to know about Pedal Pub franchise?

PP Development, LLC, a Delaware limited liability company, franchises the right to use the Pedal Pub name, logo, company website, party bike and business methods in the mobile entertainment tour industry.

Pedal Pub is based in Saint Paul, MN. Scroll down to learn more!

How much does a Pedal Pub franchise cost?

Are you wondering how much is a Pedal Pub franchise? Before starting a Pedal Pub franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Pedal Pub franchise is $110,700 and can go all the way up to $288,000. Keep in mind, you should also allocate additional funds to live off of while the Pedal Pub business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Pedal Pub franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Pedal Pub business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Pedal Pub franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Pedal Pub. Hotels to the Other, Outdoor Food and Beverage industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2019 6 5 1 10
2020 10 1 2 9
2021 9 4 1 12

Additional Details

How much does a Pedal Pub franchise owner make?

Pedal Pub franchise earnings and revenue can vary significantly from one franchisee to another.
The Pedal Pub franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Pedal Pub discloses financials at the unit level. In other words, they show how much Pedal Pub franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Pedal Pub franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Pedal Pub. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Pedal Pub owners were making.

Visit the Pedal Pub metrics tab to explore the financials for this business.

What is the Pedal Pub franchise fee?

Owning a Pedal Pub franchise requires Varies royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Pedal Pub Franchise Disclosure Document

Keep in mind, there is also an initial Pedal Pub franchise fee of $34,900 that is included in the initial investment amount of $110,700 to $288,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Pedal Pub franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Pedal Pub franchise fee of $34,900.

Visit the Pedal Pub metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Pedal Pub founded?

Pedal Pub started offering franchises in 2018. Pedal Pub was founded 5 years ago in 2017.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Pedal Pub locations are in the U.S.?

As of 2022, there were 12 locations across the U.S. There are also corporate locations. Most Food and Beverage franchises like Pedal Pub have more franchised locations than corporate locations.

How many Pedal Pub franchises opened over the past few years?

Over the prior 3 years we have data for, Pedal Pub has opened 10 outlets throughout the U.S. Visit the Pedal Pub metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Pedal Pub franchises closed over the past few years?

Over the prior 3 years we have data for, Pedal Pub has closed 4 outlets throughout the U.S

Visit the Pedal Pub metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is Pedal Pub growing? Are they opening more locations than they are closing?

The net unit growth rate for Pedal Pub over the past 3 years is 100%. Over the last year we have data for, Pedal Pub had a net unit growth rate of 33%.

Without a comparison, this number doesn’t mean much. Compare how the Pedal Pub growth rate compares to 2,000+ other franchises and Industry franchises like Pedal Pub. More info in the Pedal Pub metrics tab.

Is Pedal Pub franchise eligible for an SBA Loan?

Pedal Pub is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Pedal Pub franchise was assigned the SBA Franchise ID of S3428 on 08/21/2018. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Pedal Pub that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Pedal Pub a franchise in the United States?

According to the SBA, Pedal Pub meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Pedal Pub provides you with an FDD if you are in discussion to buy a Pedal Pub.

What is the Pedal Pub Franchise for Sale Rate?

The Pedal Pub systemwide health and franchisee satisfaction can be measured by the Pedal Pubfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Pedal Pub franchise for sale rate over the past 3 years is 8%. Over the last year we have data for, Pedal Pub had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Pedal Pub franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Pedal Pub. More info in the Pedal Pub metrics tab.

What is the Pedal Pub Franchise Failure Rate?

Pedal Pub franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Pedal Pub failure rate over the past 3 years is 33%. Over the last year we have data for, Pedal Pub had a franchise failure rate of 8%.

Without a comparison, this number doesn’t mean much. Compare how the Pedal Pub franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Pedal Pub. More info in the Pedal Pub metrics tab.

How can I find out more details on Pedal Pub franchise?

Visit the Pedal Pub metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Pedal Pub

$199,350

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Pedal Pub

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Pedal Pub

$37,400

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Food and Beverage

Category

Other

SBA Identifier

S3428

Year of Founding

2017

Fees

Marketing Fee

NA

Royalty Fee

Varies

Franchise Fee

$34,900-$39,900

Investment Range

$111K-$288K

Location units

Total U.S. Locations

13

U.S. Franchised Units

12

U.S. Corporate Units

1

Headquarters (City)

Saint Paul

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2018

Issuance of FDD Data

05/20/2022

Detailed Franchise metrics for Pedal Pub

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Pedal Pub below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Pedal Pub

-10%

100%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Pedal Pub

NA

8%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Pedal Pub

NA

33%

Industry median

All franchises median

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Business details

Company Name

https://www.pedalpub.com/

Business email

**********@******.com

Mailing address

3212 Rice Street

State headquarters

Minnesota

Owner Name

Pedal Pub

Phone

+1 (000) 0********00

City

Saint Paul

Zip code

55126
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