CycleBar Franchising, LLC ("we," us," or "our") offers for sale a franchise to establish and operate a fitness studio that offers and provides indoor cycling classes/instruction and other related exercise classes under the proprietary marks we designate, which currently includes our primary mark CYCLEBAR the (each, a "Studio").
Company Background
CycleBar is the nation's fastest-growing indoor cycling company. With more than 140 studios across 28 states, CycleBar provides an immersive fitness experience that allows riders to enjoy their workout in a fun and energizing environment. We offer 45-minute classes with our certified instructors who lead groups of up to 30 people through various intensities of rides led by motivating music. Our promise is to help you achieve your goals with professional coaching, effective training, and inspiring atmosphere--all while having the time of your life!
Franchise Opportunity
The indoor cycling industry is growing rapidly, but many studios are being built in the wrong place. There are over 10,000 fitness studios in America and almost all of them have a high churn rate. This means that they're constantly losing members because their customers don't want to drive there every day. CycleBar has created an amazing franchise opportunity that solves this problem by opening up our brand new studios right next to where people live or work so they can bike with us on their way home from work or after dropping off the kids at school. Our studio locations have been strategically chosen based on market research data collected from over 30 million users of MapMyFitness and Strava, two popular social fitness networks used by cyclists across America today.
Corporate Structure
CBF is an Ohio limited liability company that was organized on April 1, 2014. CBF’s principal business address is 3185 Pullman Street, Costa Mesa, CA. They began offering CYCLEBAR franchises in January 2015.
Royalties and Marketing Fees
Royalties : 7.0% - 9.0% of revenue
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
$292,955 / unit
Franchise Type: Standard
Average Revenue During 2020
$292,955
$100,925 Industry Low
$4,665,709 Industry High
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Lower
than the 4% in the Health & Fitness industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of CycleBar Franchisees
CycleBar Franchise System Development in 2021
FAQ
How much investment do I need to start my own CycleBar business?
Franchisees typically require at least
$226,785 to
$517,907 investment to get their
CycleBar business started
What are the initial franchise fees for CycleBar?
Franchisees typically need to pay at least
$95,715 in fees directly to
CycleBar in order to earn the right to launch their business
How much money can I make with a CycleBar franchise? What are
the average revenues for a typical CycleBar business?
We estimate that the average revenue of an individual
CycleBar unit is approximately
$292,955. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a CycleBar unit? What
is my contractual commitment?
CycleBar 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
$226,785 to $517,907
which is
Much Lower
than the $322,949 to $669,726 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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