- 2021 Franchise 500 Rank
#351 Ranked #479 last year
- Initial investment
$408K - $500K
- Units as of 2021
228 52.0% over 3 years
More from CycleBar
Cyclebar® Premium Indoor Cycling™
CycleBar is the first and only truly premium experiential fitness concept offered in franchising. The concept of indoor cycling has built incredible momentum over the last 30 years. CycleBar leverages current markets to capitalize on this momentum and is experiencing exceptional success in a proven industry.
The CycleBar® mission is simple - to create a fun and accessible experience for riders of all ages and fitness levels! We fuel each ride with amazing music in our state-of-the-art CycleTheatre® and deliver concierge-level service and an exhilarating experience that goes far beyond a great cardio fitness workout. Each ride is an unparalleled multisensory, intoxicating journey where riders are driven to ‘rock the ride, each and every time’.
CycleBar is the largest network of Premium Indoor Cycle Studios in the world, with more than 200 locations slated to open throughout 2019. CycleBar provides an established executive model, intensive training and a completely scalable business to make the possibilities endless!
CycleBar is part of the Xponential Fitness family of brands, the curator of the best fitness & wellness brands aross every vertical of boutique fitness. With decades of boutique fitness franchising experience within each brand, Xponential Fitness has the resources and network to ensure continued growth and support for our franchise partners. Current Xponential Fitness franchise brands include Club Pilates, Row House, StretchLab, Yoga Six, and AKT.
First Mover Advantage
CycleBar is the largest network of Premium Indoor Cycling Studios in the world, with territorial availability across most major markets and states in the US as well as international territories.
Fast Growing Franchise
CycleBar is the first and largest indoor-cycling concept. With more than 380 locations sold and more than 200 locations open, CycleBar is rapidly expanding.
Enjoy our recurring revenue model, exceptional EBITDA margins and the confidence in our team that has more than 25 years of experience in fitness franchising.
CycleBar’s turnkey franchise model provides a completely scalable business that lets you determine your own success. Leverage significant development costs and national vendor relationships to launch your studio successfully!
What Support Does CycleBar Provider?
Our dedicated staff will help you in the site selection and lease negotiation to find the ideal site for your CycleBar Franchise.
Our finance team will provide assistance in loan processing through the SBA and preferred financiers
Site Build Support
We’ll guide you through the entire build out process from corporate approved layout & general construction to interior design & on-site security, music & technology.
Enjoy comprehensive & ongoing sales training, monthly calls & expert guidance from pre-sale through to Grand Opening & into sustainability. Get introduced to our multi-channel sales process to drive sales from the start!
The minute you sign your lease agreement, the marketing of your location begins, with personalized support to set you up with all means of generating website traffic and memberships.
Receive assistance hiring the most qualified instructors, general managers & sales team. We know the quality of the instructor can make or break the cycle experience; each ride a journey, whether there to rock out or zen out.
We believe extensive support & comprehensive training is pivotal for your success as a CycleBar Franchise Owner. Attend a 3-day training course at our corporate headquarters in California, an annual Franchise Convention & ongoing weekly support. Your staff will also undergo extensive sales training to ensure your team drives your studio’s success.
- Franchising Since
- 2015 (6 years)
- # of employees at HQ
- # of Units
- 228 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a CycleBar franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $407,810 - $499,860
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
- $500,000 - $5,000,000
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- CycleBar has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- Classroom Training
- 22.5 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where CycleBar landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where CycleBar ranked on other franchise lists? Find out below.