About CYCLEBAR
Liquid Capital: $250,000
Net Worth Requirement: $500,000
Franchise Fees: $60,000
Royalty: 7%
Training and Support: Available
Home Office: Irvine, CA
CEO: Trevor Lucas
Investement Range $337,720 - $511,455
CycleBar, an established leader in the indoor cycling industry, has been offering exhilarating, multi-sensory cycling experiences since 2004. As the largest indoor cycling brand, with over 250 studios currently open and more than 515 franchises awarded, CycleBar presents a unique opportunity for entrepreneurs interested in a high-energy business in the booming fitness sector.
Why Choose CycleBar?
Pioneering Brand in a Growing Industry: CycleBar is a pioneer in the boutique fitness industry, offering a distinctive indoor cycling experience that combines high-intensity workouts with an immersive audio-visual atmosphere. This approach has solidified CycleBar’s position at the forefront of the fitness industry.
Comprehensive Support and Training: Franchisees at CycleBar benefit from the backing of Xponential Fitness, the largest global franchisor of boutique fitness brands. This includes extensive operational and marketing support, ongoing training, and access to proprietary systems that ensure business success.
Diverse Revenue Streams: With a business model that emphasizes EFT (Electronic Funds Transfer) recurring revenue, CycleBar enables franchise owners to generate steady income through membership fees, class packages, and branded merchandise sales. This model provides financial stability and strong growth potential.
Innovative Technology and Operations: CycleBar studios, known as "CycleTheaters," are equipped with state-of-the-art technology, including CycleBeats soundtracks and CycleStats performance tracking, which enhance the member experience and streamline operations.
Resilient and Essential Business: As a leader in a $78.17 billion global fitness industry, CycleBar has demonstrated remarkable resilience and growth, appealing to a broad demographic by offering an inclusive environment suitable for all fitness levels.
Ideal Franchisee Profile
CycleBar is looking for dynamic entrepreneurs who are enthusiastic about fitness and community building. Ideal candidates should:
- Be Business-Oriented: Possess strong management skills and a keen sense for business operations.
- Customer-Focused: Be committed to providing an exceptional customer experience and maintaining high client satisfaction.
- Community-Driven: Have a passion for engaging with and enriching their local community through fitness.
Frequently Asked Questions
What support does CycleBar provide to franchisees? CycleBar offers a comprehensive support system, including initial and ongoing training, marketing and operational guidance, real estate and construction support, and a robust annual marketing calendar to drive business growth.
How does CycleBar differentiate itself in the fitness industry? CycleBar stands out with its premium indoor cycling setup and a variety of class offerings that cater to all fitness levels, backed by powerful branding and community-focused marketing strategies.
What are the primary sources of revenue for a CycleBar franchise? Primary revenue sources include membership fees, class passes, private training sessions, and sales of branded merchandise.
Does CycleBar offer a recurring revenue model? Yes, CycleBar's membership model ensures a recurring revenue stream, providing stability and predictable financial performance.
What kind of training will I receive as a CycleBar franchisee? Franchisees undergo comprehensive training covering all aspects of business operations, from studio management and customer service to marketing and financial management.
What are the ongoing fees associated with a CycleBar franchise? Franchisees are subject to ongoing royalty fees, marketing fees, and potentially other operational fees that contribute to the brand's national advertising and franchisee support services.
What technology tools does CycleBar provide to franchisees? CycleBar equips franchisees with advanced tools for booking, customer management, and performance tracking, enhancing operational efficiency and customer engagement.
Does CycleBar offer any incentives for veterans? Yes, CycleBar participates in programs that offer incentives for veterans, acknowledging their service and facilitating entry into franchise ownership.
Searching for more information? Download the 2024 CYCLEBAR Franchise Disclosure Document FDD below.
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This web page does not constitute a franchise offering or an offer to sell a franchise. A franchise offering can be made by the franchise only in a state if first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if provided with an appropriate franchise disclosure document.
