This month in our series, we are proud to introduce: CycleBar!
What makes CycleBar a great franchise to own and operate?
As the first and only premium indoor cycling fitness concept offered as a Franchise opportunity, CycleBar was built to provide a business opportunity for entrepreneurs to enjoy an exceptionally high margin business that is relatively simple to operate. A unique and unmatched user experience!
What are the services and products that CycleBar offers? The Ride of your Life!
- Multisensory – The CycleTheatre is powered by energy enhanced LED lighting and a state-of-the-art audio and visual package that calms the mind, elevates the mood, and strokes the senses.
- Therapeutic – experiential mind-bending fun and inspiring fitness therapy.
- Holistic – A holistic psychological, physical, and social) approach to connecting mind and body.
- Engaging – Our CycleStar instructors’ visualization techniques, combined with all the sensory elements (sound, lighting, video, etc.) of the CycleTheatre engage with the guest in an unparalleled way and takes them on a magical ride that liberates them from the rigors of their daily life. Immediately following the class, our Guests receive their custom playlists (“CycleBeats”) and all of their performance metrics (“CycleStats”).
Features of business
- The Experience
- The class occurs in a setting that looks and feels like an IMAX Theatre
- Premium Amenities (everything the customer could ever need)
- The Financial Structure
- “Pay As You Go” consumer model
- No Contracts, No Commitments, No Accounts Receivable
- No Salespeople Needed
- Revenue is generated online 24 hours a day / 7 days per week
- Simple Human Resources….Not Labor Intensive
- Semi-Absentee
- Front desk help (concierge) and 1-3 Instructors
- 4-7 Indoor Cycling Classes offered each day
- Modern and Elegant Design in a 2,000 to 2,500 sq. ft footprint.
Competitive advantage of the service
- CycleBar delivers an exceptional consistent experience and that is unmatched in the marketplace
- CycleBar recruits the BEST CycleStars (spin instructors) in the market and pays them top dollar to work in a CycleBar, thus delivering the highest level of instruction possible.
- CycleBar has created the best platform in indoor boutique fitness to eclipse the competition with an Imax theater quality sound and visual experience and top of the line equipment and amenities.
- CycleBar is an experiential brand that creates community awareness through a sophisticated marketing plan and exceptional branding.
Industry: Premium Indoor Cycling (an Experience…not a workout)
Investment range: $265,350 – $599,000
ALL IN Estimate: $350,000-$450,000 (excludes Coastal markets and leasing the bikes)
Liquidity Requirement: $300,000
Net Worth Requirement: $800,000
