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Thursday, 3/30/2017

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CycleBar

THE INDUSTRY/SPACE

  • CycleBar® is a premium boutique fitness model dedicated to offering a dynamic fitness experience in the market today
  • Boutique fitness has enjoyed 450% growth year over year since 2010
  • Spinning® has been a defined program in fitness studios since 1987
  • 10,000 new individuals are certified as indoor cycling instructors every year
  • CycleBar® is the first & only indoor cycling studio offered as a franchise


BUSINESS MODEL

  • The Experience: Premium amenities, offered complimentary
  • The Financial Structure: “Pay As You Go” consumer model
  • No Contracts, No Commitments, No Accounts Receivable, No Salespeople
  • Revenue can be generated online 24 hours a day / 7 days per week
  • Simple Human Resources: Semi-Absentee, Front desk help and Instructors
  • 4-7 Indoor Cycling Classes offered each day
  • Modern and Elegant Design in a 2,000 to 3,500 sq. ft footprint.
THE MARKET/FINANCIAL TRANSLATION

  • Many different markets (urban or suburuban) offer indoor cycling classes
  • CycleBar® leverages existing awareness by offering a high-end premium experience
  • Financial performance representations shows net margins over 50% of gross revenue
  • 70+ CycleBar® locations open now with more coming each month




            
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This franchise has a minimum "cash on hand" requirement of $250,000.00
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