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Franchise Deep Dive: CycleBar's Franchise Costs, Fees, Profit and Data

The fitness brand was ranked as one of the fastest-growing franchises in 2021.

By Savannah BilboStaff Writer
7:07AM 04/25/23

LAST UPDATED: March 10, 2023
REPORTED COST TO GET IN: $346,910 - $487,910
REPORTED ROI (Item 19):  Not reported

CycleBar was founded in 2004 by Bill Pryor and his sister Alex Klemmer. The company was one of the first premier, indoor-cycling franchises. According to the company, CycleBar “is for everyone” and is now one of the largest indoor cycling brands in the world. 

The fitness brand started franchising in 2015. The goal was to open 100 studios by the end of 2016, but it more than surpassed that and opened 200 studios in the first year of franchising. In 2022, the 250th location opened. There are now more than 500 franchise agreements signed. Xponential Fitness acquired the brand in 2017. At the time, 75% of the studios weren’t making money. Xponential Fitness quickly scaled down the buildings and turned business around. In five years, the goal is to have 600 locations with 100 of those being international

How Many CycleBar Locations Are There?

There are 250+ CycleBar locations in the world. The first location was in Boston, home to the founders Pryor and Klemmer. There are also international locations in Australia, Japan and Kuwait. 

What Is the CycleBar Business Model?

Pay-per-class, you can pay for as many as 100 classes. In 2016, classes were held in theater-like rooms with 55 bikes per room. However, since Xponential Fitness decreased its location size to 2000–2,500 square feet, there are fewer bikes per room. 

How Much Can CycleBar Franchise Owners Make?

CycleBar does not directly report what franchisees can earn. However, according to Franchimp, “standard” units can earn around $292,955. This is on the lower end of the industry average. 

How Much Does It Cost to Open a CycleBar?

The initial investment for CycleBar is $346,910–$487,910, The cash requirement, royalty and ad royalty fees are not available on the CycleBar franchise website but are reported by Entrepreneur

  • Liquid Capital: $100,000
  • Net Worth: $500,000
  • Total Investment: $346,910–$487,910
  • Cash Requirement: 100,000
  • Royalty Fee: 7%
  • Ad Royalty Fee: 2%

What Is the Franchise Fee for CycleBar?

According to Entrepreneur, the franchise fee is $60,000. 

Who Is the Leadership of CycleBar?

What Helpful Sources Can I See to Learn More About CycleBar?

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