Partner With The Worlds Largest Health & Fitness Indoor Cycling Franchise

14 days ago

Location:
Regional NSW > New South Wales

Investment level:
$300,000 - $500,000

Type:
Franchise New

Industry:
Health, Beauty & Fitness > Health & Medical

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Summary

CycleBar is the first and largest network of Premium Health & Fitness Indoor Cycling studios, with 225 studios open & close to 450 sold globally.

Royalties

7% of gross

Rent

$6,000 pm

Marketing Fees

2% of gross

Location Details

All areas available. First location opening in Currambine, WA - Spring 2020. Get in early to secure the best locations in Australia.

Marketing support

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. Digital marketing to drive pre-sales memberships, Local Area & Grass Roots Marketing & Initiatives.

Training provided

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 Perth, an annual Franchise Convention & ongoing weekly support. Your staff will also undergo extensive sales training to ensure your team drives your studio's success.

We offer training in Sales, Recruitment, Leasing, Marketing, Finance & Site Build.

Skills

The best part of CycleBar is to be an owner you don't have to have Fitness qualifications or be a fitness professional.

Many of our franchisees have had no experience within the fitness industry but see CycleBar as an amazing investment opportunity. We have both heavily involved and semi-absentee owners across our network. Our Franchisee & General Manager training will ensure your team is set up for success & allow you to build a successful business.


Length of Agreement

10 Years + 2 x 5 Year Additional Options. This allows for you to have time to grow your business to its maximum potential.

About the Opportunity

CYCLEBAR IS THE LARGEST INDOOR CYCLING FRANCHISE IN THE WORLD TODAY.
CycleBar has a global network of 225+ Indoor Cycling studios, with hundreds more to open and slated to open in 2020 and beyond. The concept of indoor cycling has built incredible momentum in the last few years and known to be one of the best full-body cardio workouts.

Offering a multi-sensory experience with certified CycleStar® instructors and energy-enhancing CycleBeats® music playlists, CycleBar has capitalized on this momentum and is experiencing success in a proven industry.

OUR MISSION
The CycleBar mission is simple – to create a fun, inclusive and inspiring low impact/high-intensity experience for riders of all ages and fitness levels! Our CycleTheatre, professionally engineer audio, video and lighting technology, proprietary CycleBeats playlists and CycleStats that tracks member’s cycling performance and growth during and after class are what set us apart.

No matter where our riders are in their fitness journey, our class experience promises to calm their mind, elevate their mood, and revive their senses.

WHY OWN A CYCLEBAR

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 Australia.

FAST GROWING FRANCHISE
CycleBar is the first and largest Premium Indoor Cycling concept offered in franchising. With more than 400 locations sold and 225 locations open, CycleBar is rapidly expanding.

EXECUTIVE MODEL
Enjoy our recurring revenue model, exceptional EBITDA margins and the confidence in our team that has decades of experience in fitness franchising.

INVESTMENT
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!

Year Business Established

2004

Year Franchising Commenced

2017

Site locations

225

History

In 2004, Bill Pryor and his sister Alex Klemmer decided to create one of the first independent cycling studios in the USA 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.

Xpoenential Fitness purchased the brand in 2017 and added their business processes from their extensive network of over 2500 boutique fitness studios across the USA. More recently launching with partnerships in Japan, UK & Australia.



Awards

The CycleBar brands appeared on the Franchise 500® List for Second Year in a Row in 2018 & 2019.

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