6/10

Franchimp Summary Rating

5 /10
Higher than 56% of peers

Franchise Summary

Description
StarCycle Franchise, LLC offers franchises for the operation of fitness studios under the brand name "StarCycle" providing indoor cycling exercise classes utilizing music and choreography, as well as the retail sale of exercise merchandise and assorted other related services and products specified by us (each a"StarCycle Studio").
Company Background
StarCycle is the world's largest indoor cycling franchise. The company offers franchises for those looking to open fitness studios under the StarCycle brand name and provides classes that use music and choreography. Starcycle Franchise, LLC has been in business since 2003 and has more than 100 locations worldwide. They offer a variety of packages for those who want to become an owner or an instructor with them as well as different levels of membership that can be purchased by customers who don't wish to buy a franchise but still want access to their services.
Franchise Opportunity
Health and fitness is a big industry, but it can be hard to know where to start if you're not familiar with the terminology or the equipment. Joining a gym can be expensive and time-consuming, especially if you don't know how to use the equipment or what exercises to do. You might feel intimidated by all of the people working out around you. StarCycle is different. Our classes are designed for all levels of fitness, so whether you're just starting out or you're an experienced cyclist, you'll find a class that fits your needs. And because our studios are franchised, you'll always have a local studio with friendly staff who will help you get started and keep motivated.
Corporate Structure
StarCycle Franchise, LLC is a limited liability company, organized in Oregon on November 12, 2013. They began offering franchises in October 2014. Their principal business address is 375 Second Street, Lake Oswego, Oregon 97034.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Health & Fitness Industry

$263,506 / unit

Franchise Type: Standard

Average Revenue During 2020

$263,506
$134,312
Industry Low
$4,665,709
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of StarCycle Franchisees

StarCycle Franchise System Development in 2022

FAQ

How much investment do I need to start my own StarCycle business?
Franchisees typically require at least $240 to $464 investment to get their StarCycle business started
What are the initial franchise fees for StarCycle?
Franchisees typically need to pay at least $28 in fees directly to StarCycle in order to earn the right to launch their business
How much money can I make with a StarCycle franchise? What are the average revenues for a typical StarCycle business?
We estimate that the average revenue of an individual StarCycle unit is approximately $263,506. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a StarCycle unit? What is my contractual commitment?
StarCycle franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

5 /10
The Franchisor's investment costs ranges from $240,025 to $464,900 which is Much Higher than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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