CycleBar, the first indoor cycling studio franchise company was formed in April of 2014. Principal owners of the new entity are a combination of experienced indoor cycling studio operators and experienced franchise system developers. When we crafted our original business plan in mid 2014, we projected a reasonably conservative number of franchise commitments beginning in early 2015. Boy were we wrong. Local demand for this concept has blown our expectations out of the water. As of March of 2017:
- 157 franchisees have committed to 285 locations in 32 states
- 74 Studios are open as of Q1 2017, 100 expected by June
- New franchisees are committing at a rate of 5 per week
Franchisees are local owners committed to building community businesses in markets they are familiar with. The essence of the franchising model is to provide professional branding, marketing, technology and best practices to local ownership. That frees owners to focus on community building, customer service and creating the best experience for riders. If you are interested in joining us on this wild ride, let’s schedule a chat.
Spynergy Consulting has operated cycling studios for 12 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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Click Here to fill out our candidate questionnaire and you will receive a call where you will learn full details on startup costs, franchise fees, financial history of existing studios, operations, branding, marketing and more.