CycleBar, the first and only premier indoor cycling franchise, has only been franchising for six months, but since that time has seen tremendous growth. More than 100 studios are in the works for markets across the country with a goal of having them open by Dec. 31, 2016.
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This is where you come in. CycleBar is seeking qualified, community-minded franchisees with a passion for the fitness industry to continue its growth through single and multi-unit franchise deals in New York City, Los Angeles, Dallas, Houston, Philadelphia, Chicago, Atlanta and a number of additional markets across the country.
The Cincinnati-based luxury boutique fitness franchise offers 33 unique touch points for a multisensory experience for each rider, including professionally engineered light and sound systems, energy-enhancing video graphics and rider-specific performance data in a state-of-the-art CycleTheatre. The concierge-level service and exhilarating experience goes far beyond a great cardio fitness workout and is all-inclusive to maintain a luxurious experience for every customer in a pay-per-class model.
CycleBar was founded in 2004 by Bill Pryor and his sister Alex Klemmer with a three-pronged approach to success: great instructors, great music and a great environment.
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The franchise operates on a pay-per-class model, so CycleBar has eliminated many of the common overhead costs often associated with other gym franchises, including hiring a membership sales team, tracking monthly membership dues and limiting studio hours to scheduled class times only. Currently with three successful locations, CycleBar boasts an EBITDA margin at more than 60 percent.
For more information on CycleBar, click here.