CycleBar
Cherry Franchise Broker
Total investment:
$ 254,350
Franchise fee:
$ 49,500
Royalty fee:
7%
Marketing fee:
$ 0
Number of franchises
Return
Time period
Revenue:
$ 12 000*
* Calculator calculations are provisional, not guaranteed
MAIN INFORMATION
Year founded: 2014
Franchise since: 2015
Company owned units:
Franchise owned units: 150
Total number of units:
Number of employees per unit: 15
Contract period: 60 month
FRANCHISE ONLINE
WEBSITECycleBar 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.
On-The-Job Training: 1 hour
Classroom Training: 20 hours
Net-worth Requirement: $600,000 – $6,000,000
Liquid Cash Requirement: $150,000 Ad Royalty Fee: 2%
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Languages: 
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