CycleBar
CycleBar franchises allow owners to operate fitness studios specializing in immersive indoor cycling classes and other related exercise classes using proprietary equipment like CycleBeats music and CycleStats performance tracking. The business model is based on franchising these studios, which follow a standardized system including design, operations, training, and marketing support from the franchisor. The target market includes fitness enthusiasts seeking high-energy, group-based cardio workouts in a boutique studio environment.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
7% royalty + 2% brand fund + $715/mo technology fee
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: Data from 197 Qualified Studios as of January 31, 2024, operating for at least six months during the measurement period (February 2023 - January 2024).
* Average gross revenue and median gross revenue were calculated by taking the arithmetic mean of the respective monthly average and median gross revenues for 'Qualified Studios' over the entire 12-month Measurement Period (February 2023 to January 2024), as presented in 'Part A: Gross Revenue of Qualified Studios' (Page 3). These 'Qualified Studios' figures represent the weighted average of 'Fully Scheduled' and 'Minimally Scheduled' studios. No expense, net income, net profit, or EBITDA data was provided.
Extracted Item 19 Section
How CycleBar Compares to Other Fitness Studios Franchises
Key Insights
- Top 10 largest franchise system in Fitness Studios
- Lower than average SBA loan default rate in Fitness Studios
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
CycleBar Current | $338K - $511K | $60K | 7.0% | 218 |
| Planet Fitness | $1.5M - $5.2M | $20K | 7.0% | 2,298 |
| ANYTIME FITNESS | $459K - $908K | $43K | N/A | 2,290 |
| F45 Training | $349K - $786K | $60K | 7.0% | 751 |
| Pure Barre | $314K - $629K | $60K | 7.0% | 617 |
| HOTWORX | $259K - $878K | $20K | N/A | 578 |
Fitness Studios Average 55 franchises | $425K - $1.0M | $47K | 6.9% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 55 Fitness Studios franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
+27 more states
SBA Loan History
Historical SBA 7(a) loan data for CycleBar franchisees (2015 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
Pre-sale disclosure violations under state franchise laws, fraudulent inducement, breach of implied covenant of good faith, and related claims by former AKT franchisees and current Yoga Six franchisees against affiliates.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a CycleBar franchise?
The total initial investment to open a CycleBar franchise ranges from $337,720 to $511,455. This includes a franchise fee of $60,000. Ongoing royalty fees are 7.0% of gross sales.
How much revenue does a CycleBar franchise make?
According to the 2024 FDD, the average gross revenue for a CycleBar franchise is $32,398. The median revenue is $29,140.75.
How many CycleBar franchise locations are there?
As of the 2024 FDD, CycleBar has 218 franchise locations. The company has been franchising since 2015.
Can you get an SBA loan for a CycleBar franchise?
Yes, SBA loans are available for CycleBar franchises. Historical data shows 143 SBA 7(a) loans have been approved for CycleBar franchisees, with an average loan amount of $473,113. The historical default rate is 6.3%.
Is CycleBar a good franchise to buy?
CycleBar shows several positive indicators: established brand with 218+ locations, transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in CycleBar?
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