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CycleBar
Franchise Profile
Cash Investment: $100,000
Total Investment: $319,150 - $497,200
Minimum Net Worth: $500,000
Franchise Fee: $60,000
Established: 2015
Total Investment: $319,150 - $497,200
Minimum Net Worth: $500,000
Franchise Fee: $60,000
Established: 2015
For priority consideration please contact us
More About This Franchise
Boutique fitness powerhouse parent company, Xponential Fitness, purchased CycleBar and has moved the corporate office to SoCal!
3 years ago Soul Cycle Studios averaged 4M in UE with no phone and no sales people … the user went into an app and bought a package of classes…and for that matter memberships didn’t exist in boutique fitness at time. We since learned that biz model is not scalable nor is that a sustainable financial model. We’ve seen the emergence of membership models like with Club Pilates that have been highly successful.
CycleBar V2 New Model:
Smaller footprint - under 2k
Lower cost of buildout
No showers, smaller community room/locker room
Still 40-50 Bikes but CycleStar drafts with other riders
More Retail
New POS/CRM
Sales component to front of biz
Membership based
New marketing strategy - Faster to open, Faster ramp-up
Tremendous Support highly experienced Zor
Part of Xpo Family
Company Description
CycleBar is still an inclusive and affordable experiential retail concept offering premium Indoor Cycling classes. Indoor cycling has been a defined fitness platform for nearly 30 years. 200,000 individuals have been certified as spinning instructors over the years and 10,000 new instructors get certified every year. These numbers provide empirical evidence that demand and awareness exist in each and every market.
What makes CycleBar a great franchise to own and operate?
As the FIRST and ONLY premium indoor cycling fitness concept offered as a Franchise opportunity, CycleBar was built to LEVERAGE this existing awareness and demand in every market and provide a business opportunity for entrepreneurs to enjoy an exceptionally high margin business that is relatively simple to operate. A unique and unmatched user experience! As an Executive Model, you can effectively hire someone to Manage the Studio and spend your time developing your other interests.
Features of business
The Experience
The class occurs in a setting that looks and feels like an IMAX Theatre
Premium Amenities (everything the customer could ever need) offered complimentary
The Financial Structure
“Membership” consumer model
Revenue is generated reoccurring by EFT
Simple Human Resources….Not Labor Intensive
Semi-Absentee
Front desk Sales and Instructors
4-7 Indoor Cycling Classes offered each day
Modern and Elegant Design in a 2,000 sq. ft footprint.
The Industry/Space
CycleBar is a Premium Boutique Fitness model dedicated to offering the most dynamic fitness experience in the market today
Boutique Fitness has enjoyed 450% growth year over year since 2010
Spinning has been a defined program in fitness studios since 1987
10,000 new individuals are certified as spinning instructors every year
Premium indoor cycling was pioneered by Soul Cycle 10 years ago
CycleBar is the first and only dedicated spinning studio offered as a franchise
> "The Top 10 Reasons Why You Should Put XPO in the Mix in 2021" with all of your qualified candidates:
>
> 10. FUNDING--no issues due to strength of Xponential; getting deals done w/Benetrends
>
> 9. XPASS has arrived! Only fitness concept to offer membership across all 8 brands
>
> 8. PLAY THE LONG BALL--your candidates looking now will be opening in 6-9 months, when we will have vaccines & herd immunity; they won't have to deal with shutdowns and will see unprecedented demand from folks ready to get out of their house & back to their fitness routines
>
> 7. DISPLACED CUSTOMERS--small brands have shut their doors and those customers are now shifting to XPO ($48M in revenue generated by new members since March!)
>
> 6. VALIDATION--with over 1,700 open studios & 0 permanent closures, we have strong existing franchisee validation across the system
>
> 5. LABOR POOL--high quality displaced instructors & managers are flocking to XPO
>
> 4. COMPETITION IS DISAPPEARING--while competition is at an all time high for service based brands, our competitors are going away
>
> 3. REAL ESTATE--now is the time to get in and take advantage of historic opportunities in the retail world
>
> 2. NEW BRANDS LAUNCHING--2 new verticals will be added to Xponential in early 2021
>
> 1. MONSTER BONUS for all of Q1 2021 (see commission section for PDF with details)
I am Interested
3 years ago Soul Cycle Studios averaged 4M in UE with no phone and no sales people … the user went into an app and bought a package of classes…and for that matter memberships didn’t exist in boutique fitness at time. We since learned that biz model is not scalable nor is that a sustainable financial model. We’ve seen the emergence of membership models like with Club Pilates that have been highly successful.
CycleBar V2 New Model:
Smaller footprint - under 2k
Lower cost of buildout
No showers, smaller community room/locker room
Still 40-50 Bikes but CycleStar drafts with other riders
More Retail
New POS/CRM
Sales component to front of biz
Membership based
New marketing strategy - Faster to open, Faster ramp-up
Tremendous Support highly experienced Zor
Part of Xpo Family
Company Description
CycleBar is still an inclusive and affordable experiential retail concept offering premium Indoor Cycling classes. Indoor cycling has been a defined fitness platform for nearly 30 years. 200,000 individuals have been certified as spinning instructors over the years and 10,000 new instructors get certified every year. These numbers provide empirical evidence that demand and awareness exist in each and every market.
What makes CycleBar a great franchise to own and operate?
As the FIRST and ONLY premium indoor cycling fitness concept offered as a Franchise opportunity, CycleBar was built to LEVERAGE this existing awareness and demand in every market and provide a business opportunity for entrepreneurs to enjoy an exceptionally high margin business that is relatively simple to operate. A unique and unmatched user experience! As an Executive Model, you can effectively hire someone to Manage the Studio and spend your time developing your other interests.
Features of business
The Experience
The class occurs in a setting that looks and feels like an IMAX Theatre
Premium Amenities (everything the customer could ever need) offered complimentary
The Financial Structure
“Membership” consumer model
Revenue is generated reoccurring by EFT
Simple Human Resources….Not Labor Intensive
Semi-Absentee
Front desk Sales and Instructors
4-7 Indoor Cycling Classes offered each day
Modern and Elegant Design in a 2,000 sq. ft footprint.
The Industry/Space
CycleBar is a Premium Boutique Fitness model dedicated to offering the most dynamic fitness experience in the market today
Boutique Fitness has enjoyed 450% growth year over year since 2010
Spinning has been a defined program in fitness studios since 1987
10,000 new individuals are certified as spinning instructors every year
Premium indoor cycling was pioneered by Soul Cycle 10 years ago
CycleBar is the first and only dedicated spinning studio offered as a franchise
> "The Top 10 Reasons Why You Should Put XPO in the Mix in 2021" with all of your qualified candidates:
>
> 10. FUNDING--no issues due to strength of Xponential; getting deals done w/Benetrends
>
> 9. XPASS has arrived! Only fitness concept to offer membership across all 8 brands
>
> 8. PLAY THE LONG BALL--your candidates looking now will be opening in 6-9 months, when we will have vaccines & herd immunity; they won't have to deal with shutdowns and will see unprecedented demand from folks ready to get out of their house & back to their fitness routines
>
> 7. DISPLACED CUSTOMERS--small brands have shut their doors and those customers are now shifting to XPO ($48M in revenue generated by new members since March!)
>
> 6. VALIDATION--with over 1,700 open studios & 0 permanent closures, we have strong existing franchisee validation across the system
>
> 5. LABOR POOL--high quality displaced instructors & managers are flocking to XPO
>
> 4. COMPETITION IS DISAPPEARING--while competition is at an all time high for service based brands, our competitors are going away
>
> 3. REAL ESTATE--now is the time to get in and take advantage of historic opportunities in the retail world
>
> 2. NEW BRANDS LAUNCHING--2 new verticals will be added to Xponential in early 2021
>
> 1. MONSTER BONUS for all of Q1 2021 (see commission section for PDF with details)
