SPENGA
Spenga franchises fitness studios that combine spin, strength training, and yoga to deliver cardiovascular, strength, and flexibility workouts in every session, utilizing proprietary marks, a business operations system, exercise equipment, fitness training services, and logoed merchandise. Studios are typically 3,000-4,000 sq. ft., located in high-traffic areas like shopping centers, and offer approved services and products to clients. The business model involves franchise fees, ongoing royalties, and marketing contributions, targeting health-focused consumers seeking multisensory, invigorating fitness experiences in a competitive market with other gyms and fitness facilities.
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 (or $1,000/mo min) + up to 2% brand fund + $1,835-$1,935/mo fixed fees (technology $350-450, POS $214, CRM $249, app $134, SEO $169, music $250, aroma $220, fitness tech $249)
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: Data provided for various financial performance metrics for franchised studios and one affiliate studio for the 2024 calendar year, with sample sizes varying per metric. The primary sample size for franchised studios referenced for multiple metrics is 49. Specific revenue components for franchised studios include: Part V (Package Sessions & Challenge Revenue, 49 studios), Part VI (No Show & Late Cancel Revenue, 38 studios), and Part VII (Retail Revenue, 15 studios).
* The document provides financial performance representations, but a consolidated 'average_gross_revenue' or 'total NCI' for franchised studios is not explicitly stated or calculable from the provided fragmented data. Part I's total NCI and profit figures are explicitly for the 'Affiliate Studio Only'. Parts V, VI, and VII provide average revenue figures for specific components (Package Sessions, No Show/Late Cancel, Retail) for varying numbers of franchised studios, but these cannot be reliably summed to represent total gross revenue for a single, consistent sample of franchised units. Part X mentions 'average, median, high, and low NCI generated during 2024 for the 33 Franchised Studios', but the specific dollar amounts are not present in the OCR output. As such, core financial metrics for franchised units are set to null.
Extracted Item 19 Section
How SPENGA Compares to Other Fitness Studios Franchises
Key Insights
- Higher investment than 84% of Fitness Studios franchises
- Lower than average SBA loan default rate in Fitness Studios
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
SPENGA Current | $552K - $790K | $50K | 7.0% | 49 |
| 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 (2024)
Outlets by state across the United States
+10 more states
SBA Loan History
Historical SBA 7(a) loan data for SPENGA franchisees (2017 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
Unlock Franchisee Contact Database
47 franchisee contacts on file. Upgrade to see names, locations, phone numbers, and matched SBA loan data.
Upgrade to Pro$199/year · Cancel anytime
Due Diligence
Litigation (Item 3)
Suits by franchisor against franchisees to enforce personal guaranties and enter consent judgments.
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 SPENGA franchise?
The total initial investment to open a SPENGA franchise ranges from $552,267 to $789,595. This includes a franchise fee of $49,500. Ongoing royalty fees are 7.0% of gross sales.
How many SPENGA franchise locations are there?
As of the 2025 FDD, SPENGA has 49 franchise locations. The company has been franchising since 2015.
Can you get an SBA loan for a SPENGA franchise?
Yes, SBA loans are available for SPENGA franchises. Historical data shows 64 SBA 7(a) loans have been approved for SPENGA franchisees, with an average loan amount of $540,759. The historical default rate is 12.5%.
Is SPENGA a good franchise to buy?
SPENGA shows several positive indicators: transparent financial performance data (Item 19). 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 SPENGA?
Talk to a franchise advisor to get personalized guidance and learn if SPENGA is the right fit for you.
Talk to an Advisor