How to Start a CycleBar Franchise in 2022

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Founded in 2004, CycleBar is the primary and solely premium experiential health idea provided in franchising. The idea is at the moment the biggest indoor biking model and provides a number of low-impact, high-intensity indoor biking exercises which can be inclusive of all health ranges.

The model provides an immersive, multi-sensory, community-focused expertise in state-of-the-art “CycleTheaters.” Classes are led by specifically educated instructors, enhanced with pumping “CycleBeats” playlists, and efficiency is tracked utilizing rider-specific “CycleStat” metrics. No matter the place riders could also be in their health journey, this class expertise guarantees to calm the thoughts, elevate the temper and revive the senses.

CycleBar is the biggest community of premium indoor cycle studios in the world with greater than 250 places throughout the globe. CycleBar gives a longtime government mannequin, intensive coaching and a utterly scalable enterprise, the place the chances for development and success are countless.

All of this being mentioned, CycleBar can also be a part of the Xponential Fitness household of manufacturers, the curator of the most effective health and wellness manufacturers throughout each vertical of boutique health. With a long time of boutique health franchising expertise inside every model, Xponential Fitness has the sources and community to guarantee continued development and assist for its franchise companions. Current Xponential Fitness franchise manufacturers embody Club Pilates, Row House, StretchLab, Yoga Six and AKT.

Related: The Wheel of Life – Entrepreneurs Share Their Cycling Adventures

Related: Considering franchise possession? Get began now and take this quiz to discover your personalized list of franchises that match your way of life, pursuits and funds.

How a lot does a CycleBar franchise price?

To open a CycleBar franchise, listed below are the monetary necessities, money required and ongoing franchise charges related to enterprise possession.

Initial franchise price: $60,000.

Initial funding: $346,910 to $487,910.

Net price requirement: $500,000 to $5,000,000.

Cash requirement: $100,000.

Royalty price: 7%.

Ad royalty price: 2%.

Term of settlement: 10 years.

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CycleBar franchising provides in-house financing for candidates and in addition maintains relationships with a number of third-party funding sources which provide financing to cowl the franchise price, startup prices, tools, stock, accounts receivable and payroll.

Support and coaching provided by CycleBar

CycleBar franchising gives superior coaching and ongoing assist in a number of key areas. New franchise homeowners obtain greater than 20 hours of classroom coaching, and the model provides a wide selection of complete assist, as detailed in the next areas.

  • Real property. CycleBar’s devoted workers helps with website choice and lease negotiation to discover the best website for brand spanking new franchise homeowners.
  • Finance. CycleBar’s finance staff can help in mortgage processing by the SBA and different most well-liked financiers.
  • Site construct assist. CycleBar is there to information you thru your entire build-out course of, from corporate-approved structure and common development to inside design, onsite safety, music and know-how.
  • Sales. Franchisees get pleasure from complete and ongoing gross sales coaching, month-to-month calls and professional steering — from pre-sale to grand opening, and on into sustainability. The model invitations franchisee candidates to obtain an introduction to its multi-channel gross sales course of, designed to drive gross sales from the beginning.
  • Marketing. The minute franchisees signal their lease settlement, the advertising of their location begins. The model provides personalised assist to present new homeowners with all means to generate web site site visitors and foster membership enrollment.
  • Recruitment. The model assists in hiring essentially the most certified instructors, common managers and gross sales staff members. Because CycleBar is aware of that the standard of the trainer could make or break the cycle expertise, every trip is a journey — whether or not the category is there to rock out or zen out.
  • Comprehensive coaching. CycleBar believes intensive assist and complete coaching are pivotal for achievement as a new franchise proprietor. New franchisees attend a three-day coaching course on the model’s company headquarters in California, attend the annual franchise conference and obtain ongoing weekly assist. The studio’s staff can even endure intensive gross sales coaching to guarantee a staff effort in driving success.

Why do you have to begin a CycleBar franchise?

CycleBar is the biggest indoor biking franchise in the world right now. CycleBar has over 500 licensed places globally, with greater than 250 in the U.S. The idea of indoor biking has constructed unimaginable momentum in the previous few years and is changing into one of the vital common full-body cardio exercises. Offering a multi-sensory expertise with licensed CycleStar instructors and energy-enhancing CycleBeats music playlists, CycleBar has capitalized on this momentum and is experiencing success in a confirmed business.

Franchise candidates will recognize the model’s recurring income mannequin, distinctive EBITDA margins and confidence in its company staff which has a long time of mixed expertise in health franchising. CycleBar’s turnkey franchise mannequin gives a utterly scalable enterprise that lets new homeowners decide their degree of success. Franchisees could have model assist in leveraging vital growth prices and nationwide vendor relationships.

Here are 4 main causes it is best to look into franchise possession with CycleBar.

  • First mover benefit. CycleBar is the biggest community of premium indoor biking studios in the world, with territorial availability throughout most main markets and states in the U.S., in addition to worldwide territories.
  • Fast-growing franchise. CycleBar is the primary and largest indoor-cycling idea. With greater than 380 places offered and greater than 200 places open, CycleBar is quickly increasing.
  • Executive mannequin. The model contains a recurring income mannequin, distinctive EBITDA margins and a degree of confidence offered by a company staff with greater than 25 years of mixed expertise in health franchising.
  • Investment. CycleBar’s turnkey franchise mannequin gives a utterly scalable enterprise that lets new homeowners decide their success. Thanks to the model’s present relationships, franchisees can leverage vital growth prices and safe nationwide vendor relationships with ease.

CycleBar has acquired quite a few awards and accolades in current years. It’s been ranked on Entrepreneur Magazine’s prestigious Franchise 500 record 4 years working, earned a distinction as a Top New Franchise and one of many Fastest-Growing Franchises in 2021 and was additionally listed amongst Inc. Magazine’s Inc. 5000 in 2020. CycleBar is 3 times bigger than its greatest competitor and leads the thriving indoor-cycling business.

CycleBar is in search of like-minded franchisees which can be able to following a system. The model has already established a good mixture of absentee, semi-absentee and full-time homeowners, Franchisees who comply with the confirmed system to the letter are all the time essentially the most profitable. Being organized, diligent and well timed by the appliance course of is vital, as it’s usually a good illustration of how franchisees will run their companies.

Request extra details about franchising with CycleBar by filling out this form and start the invention course of in your very personal franchise operation.

Related: How to Make Exercise an Unbreakable Habit

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