CycleBar is the largest network of Premium Indoor Cycling studios, with 147 locations in the United States and 3 ones outside the country. In 2014, Bill Pryor and his sister Alex Klemmer decided to create one of the first independent cycling studios in the country in their Boston neighborhood. They recognized that there were three key ingredients to a successful indoor cycling experience: great instructors, great music, and a great environment. The concept of indoor cycling has built incredible momentum over the last 30 years. Offering concierge-level service and premium amenities, CycleBar has capitalized on this momentum and is experiencing exceptional success in a proven industry.
CycleBar has the franchise fee of up to $49,500, with total initial investment range of $284,350 to $497,150.
Initial investments: $284,350 - $497,150
Net-worth Requirement: $600,000 - $6,000,000
Liquid Cash Requirement: $150,000
Initial Franchise Fee: $30,000 - $49,500
Ongoing Royalty Fee: 7%
Ad Royalty Fee: 2%
On-The-Job Training: 1 hour
Classroom Training: 20 hours
Number of Employees Required to Run: 15
CycleBar Franchise Info: https://cyclebarfranchise.com
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