CycleBar FDD – Franchise Information, Costs and Fees
Type of Business
The franchise is the right to develop, own and operate, as part of the CycleBar® system, a fitness studio that provides indoor cycling classes/instruction and other related exercise classes using designated equipment.
CycleBar Franchising SPV, LLC is a Delaware limited liability company formed on March 6, 2023. Their principal business address is 17877 Von Karman Ave., Suite 100, Irvine, CA 92614. CycleBar® franchises were first offered in January 2015 by CycleBar ranchising, LLC (“Predecessor”) who continued to offer franchises for CycleBar-branded studios until March 2023.
The total estimated investment necessary to begin operation of a single traditional studio is $351,475 to $501,875, which includes $98,575 to $101,075 that must be paid to franchisor or its affiliates. The franchisor may also grant to qualified existing franchisees a franchise to develop a studio within a third-party “big box” gym/fitness facility (a “Non-Traditional Studio”). The total investment necessary to begin operation of a Non-Traditional Studio is $185,125 to $313,125, which includes $38,575 to $101,075 that must be paid to franchisor or its affiliates.
You and the franchisor may also enter into an area development agreement under which you would agree to acquire an agreed upon number of franchises and open an agreed upon number of studios within a designated development area and pursuant to an agreed upon opening schedule. The total investment necessary to enter into an area development agreement for the right to develop three Studios ranges from $426,475 to $576,875, which includes the total estimated initial investment to begin operation of your initial Studio from a traditional site and a development fee of $135,000 which must be paid to the franchisor.