- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$254K - $460K
- Units as of 2020
8 300.0% over 3 years
The best fitness regimes shred calories mercilessly and tone muscles with each workout. Cityrow Franchise is a fitness studio with a unique solution for fitness enthusiasts who seek high-impact training techniques.
Founded by Helaine Knapp in 2014, Cityrow Franchise attempted to disrupt the fitness industry with a fresh and exciting idea. Incorporating rowing into exercising, Cityrow Franchise may give clients an exciting way to put in high-intensity sweats that are gentle on the joints and result in low-impact burns.
Customers may love how Cityrow Franchise’s sleek studios and signature WaterRower invite them to chase their fitness goals with every session. The one-of-a-kind experience the studio offers may make customers’ fitness goals worth pursuing.
Cityrow Franchise began franchising in 2018 and has since opened several locations in the United States.
Why You May Want To Start A Cityrow Franchise Location
If you have a passion for fitness and believe in its ability to improve lives, opening a Cityrow Franchise location could be an excellent decision for you. Franchisees should have a desire to take charge of their professional futures. Since fitness is a hands-on experience, potential Cityrow Franchise franchisees are not afraid to connect to their communities and roll up their sleeves.
As a value offer, rowing may be a novel franchise idea poised to find favor among fitness enthusiasts. The rowing machine's simplicity and efficiency could appeal to trainers, athletes, physical therapists, and fitness newbies. These features may suggest that opening a Cityrow Franchise location could offer a more predictable outcome than a new brand that may struggle to compete in the industry.
What Might Make A Cityrow Franchise Location A Good Choice?
At Cityrow Franchise, the focus is on the guest experience, and with an exceptional stationary cardio machine, the brand's value could be unquestionable. Cityrow Franchise works to ensure that reaching fitness goals is defined by purpose, safety, and support. The expect their franchisees to do everything they can to allow their customers to go the distance in attaining body goals. Franchisees are responsible for hiring staff, training, and coordinating studio operations to meet client needs.
To be part of the Cityrow Franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open A Cityrow Franchise Location
Cityrow Franchise strives to make opening a studio as easy as possible. Cityrow Franchise is prepared to take you through running a franchise and training you on how to run classes and use equipment.
As you decide if opening a Cityrow Franchise location is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Cityrow Franchise location would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
After completing the initial steps of applying for a Cityrow Franchise location, you should compile a set of questions as you move forward with an initial phone call and attend a company discovery day. You may also find speaking with current Cityrow Franchise franchisees helps in your discovery process.
About Cityrow Franchise LLC
|Franchising Since||2018 (5 years)|
|# of employees at HQ||5|
This company is offering new franchisees in the following US states:
|# of Units||8 (as of 2020)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Cityrow Franchise LLC 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.
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.
|$253,843 - $460,074|
Net Worth Requirement
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.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|$2,500 off franchise fee or $10,000 off development 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
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?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Cityrow Franchise LLC 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.
|On-The-Job Training||14-21 hours|
|Classroom Training||35 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
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.
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.
Interested in ownership opportunities like Cityrow Franchise LLC? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse franchises that are similar to Cityrow Franchise LLC.
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