PEDAL PUB
PP Development, LLC d/b/a Pedal Pub franchises mobile entertainment tour businesses that operate party bikes for group pedaling tours providing dynamic entertainment experiences. The business model involves granting franchise rights to use the Pedal Pub marks, system, bikes from affiliates, training, and ongoing support, with franchisees handling operations and complying with standards. Target market is the general public seeking fun, social outings, often seasonal and in urban areas with nightlife or events.
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
8% royalty (increasing to 10%) + 2% ad fund (max $1,000/mo) + $1,000/mo digital fee + $200/mo technology fee
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 13 franchised Pedal Pub Businesses that were open and operating during all of calendar year 2023.
* Weighted average of gross revenues calculated from segmented data (2 units at $2,112,747 + 4 units at $281,922 + 7 units at $105,935) / 13 total units = $468,825.15, which matches the reported overall average of $468,825. No expense or profit data explicitly provided to estimate net income/profit/EBITDA.
Extracted Item 19 Section
How PEDAL PUB Compares to Other Family Entertainment Franchises
Key Insights
- One of the lowest investment costs in Family Entertainment (ranked #3 of 16)
- Top 10 largest franchise system in Family Entertainment
- One of the lowest SBA loan default rates in Family Entertainment
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
PEDAL PUB Current | $115K - $281K | $40K | 8.0% | 20 |
| URBAN AIR ADVENTURE PARK | $3.1M - $8.4M | $100K | 7.0% | 193 |
| ALTITUDE TRAMPOLINE PARK | $1.6M - $3.0M | $50K | N/A | 69 |
| Escapology | $627K - $2.3M | $45K | 6.0% | 63 |
| Miss Teen USA | $24K - $1.2M | N/A | N/A | 51 |
| Pump It Up | $104K - $661K | $30K | 6.0% | 42 |
Family Entertainment Average 16 franchises | $978K - $2.3M | $53K | 6.6% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 16 Family Entertainment 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
SBA Loan History
Historical SBA 7(a) loan data for PEDAL PUB franchisees (2019 - 2024)
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)
No litigation involving franchisees reported in the FDD.
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 PEDAL PUB franchise?
The total initial investment to open a PEDAL PUB franchise ranges from $114,645 to $281,196. This includes a franchise fee of $39,900. Ongoing royalty fees are 8.0% of gross sales.
How much revenue does a PEDAL PUB franchise make?
According to the 2024 FDD, the average gross revenue for a PEDAL PUB franchise is $468,825. The median revenue is $113,984.
How many PEDAL PUB franchise locations are there?
As of the 2024 FDD, PEDAL PUB has 20 franchise locations. The company has been franchising since 2018.
Can you get an SBA loan for a PEDAL PUB franchise?
Yes, SBA loans are available for PEDAL PUB franchises. Historical data shows 8 SBA 7(a) loans have been approved for PEDAL PUB franchisees, with an average loan amount of $150,250. The historical default rate is 0.0%.
Is PEDAL PUB a good franchise to buy?
PEDAL PUB shows several positive indicators: 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.
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