Is
CycleBar
a franchise?
How many
CycleBar
franchises
are there?
What are the
CycleBar
franchise
fees?
Initial Franchise Fee
Upon signing the agreement, the franchisee is required to pay an initial franchise fee of Sixty Thousand Dollars ($60,000). This fee grants the franchisee the right to operate the Studio under the terms of the agreement. Once paid, this fee is fully earned by the franchisor and is non-refundable under any circumstances.
Royalty Fee
Throughout the term of the franchise agreement, the franchisee is obligated to pay a royalty fee equal to seven percent (7%) of the Gross Sales generated by the Studio over the immediately preceding week. This fee is payable weekly.
Marketing Fee (Fund Contribution)
Franchisees are required to contribute to a creative brand development fund established by the franchisor and its affiliates. This fund is designed to promote the System, Marks, and brand associated with the Studio.
The contribution, referred to as the "Fund Contribution," is up to two percent (2%) of the Gross Sales of the franchisee's Studio. This contribution begins once the Studio starts generating revenue from its business operations.
Note: The fees presented here can be found in the Item 5 of the Franchise Disclosure Document. For a complete list of all the fees borne by the franchisee, please consult the Franchise Disclosure Document.
How much does
it cost
to start a
CycleBar
franchise?
Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.
Does
CycleBar
provide
training
to its
franchisees?
Initial Training Programs
Before opening the Studio, the franchisee or, if the franchisee is an entity, its Operating Principal, must complete the Initial Training Program. This program typically lasts 2-3 business days and is conducted at CycleBar's corporate headquarters or another designated training facility, most likely in California.
Additional Training in Connection with Operation of the Studio
CycleBar may provide, and require that the franchisee (and their Operating Principal and Designated Manager, as appropriate) attend, up to five (5) days of additional training each year at their designated training facility. There is no training fee charged in connection with such training that CycleBar requires the franchisee to attend.
Instructor Bootcamp
Each instructor that the franchisee engages to provide any of the Approved Services at its Studio must complete CycleBar's proprietary training program, known as the Instructor Bootcamp. This program is designed to provide instructors with additional guidelines and instruction for providing the Approved Services in accordance with the System.
Does
CycleBar
provides
territory
protection?
CycleBar does provide territory protection to its franchisees, ensuring that no other CycleBar Studio is operated within the franchisee's Designated Territory as long as they remain compliant with their agreement.
Can a
CycleBar
franchise
be run as
a passive
investment?
While there's some flexibility, the franchise might not be entirely suitable as a purely passive investment.
