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.
Franchise Costs
7% royalty + 2% brand fund + $715/mo technology fee
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
Key Insights
- Top 10 largest franchise system in Fitness Studios
- Lower than average SBA loan default rate in Fitness Studios
| Franchise | Investment | 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
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
307 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
307 Contacts Available
Unlock all CycleBar franchisee contacts with verified contact information
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)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
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.
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