Opening a cycling studio: The big question

If you talk to your friends or family (or a lender) about the idea of a dedicated cycling studio, something comes up that I call The Big Question.   If you want to start a studio you better learn to answer it crisply, because everyone’s going to ask you, and it strikes at the core of the viability of this business.

“…Why will people pay-per-class for spin classes when they can join a nice big gym and get unlimited Spin® or indoor cycling,  and other cool stuff along with their membership?….”

OK, there are several ways to answer this.  If you want to be a bit fresh, you can answer a question with a question:  Why are there a growing number of highly successful cycling studios around the country that are right near big gyms?  Or Why are there THOUSANDS of successful yoga studios when you can do yoga in almost every big gym?

But actually, you can answer the question by citing several of the specific reasons people like (and will pay) to attend a well-run niche cycling studio:

  • the creation of a powerful and inspirational fitness experience (as opposed to just a workout) is something people love
  • the convenience of an online reservation and purchasing system
  • the ability to get in and out of a class without waiting or stressing
  • the flexibility of “pay-per-class” options and not having to “join”
  • the feeling of intimacy and community in a small studio
  • the attention to quality and detail that a studio provides in every aspect both in and out of the class

These are the things people want and these are the things consumers have demonstrated they will pay for. (Just look at Soul Cycle and FlyWheel”).

Yes, a studio can be more expensive but the reality is that the studio experience is often a much better VALUE.   You can buy coffee at the gas station for 79 cents but people routinely go to coffee shops and pay $3 because the experience and the product are better.  It is no different for a cycling studio.

*Note:  Soul Cycle and FlyWheel do not franchise, there is only 1 cycling studio franchise company in the market, CycleBar.

Spynergy Consulting has operated cycling studios for 9 years and has worked closely with over 80 individual cycling studio startup projects.  We have recently formed a new company called CycleBar:  the first indoor cycling studio franchise.  CycleBar will provide a turnkey cycling studio solution from top to bottom.
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Bill Pryor
781-254-3677
bill@cyclebar.com
wellesley.cyclebar.com

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2 Responses to Opening a cycling studio: The big question

  1. Pingback: Opening, and operating indoor cycling or official Spin® studios......this is our passion, is it yours? - Spynergy ConsultingSpynergy Consulting

  2. Pingback: Competing (and thriving) against the Big Guys: Soul Cycle and FlyWheel - Spynergy ConsultingSpynergy Consulting

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