Franchise Deep Dive: SPENGA Franchise Costs, Fees, Profit and Data

LAST UPDATED: June 2024

FRANCHISE WEBSITE: https://SPENGAfitnessfranchise.com/ 

NUMBER OF LOCATIONS: 300

REPORTED COST TO GET IN: $435,931 - $823,615

REPORTED ROI (Item 19): not publicly available

SPENGA offers a unique fitness experience combining spin, strength training, and yoga to maximize results while minimizing burnout and injury.

How Many SPENGA Locations Are There?

SPENGA was founded to create a fitness regimen that combines the benefits of spin, strength training and yoga in one session, addressing the need for a balanced and effective workout. The company's innovative approach emphasizes minimizing physical burnout while maximizing caloric burn and muscle building. 

The brand has 300 locations across the U.S.

What Is SPENGA’s Business Model?

SPENGA provides comprehensive support to franchisees from site selection and construction to marketing and operations. Each studio delivers a distinctive 20-20-20 workout format, ensuring members engage in spin, strength training and yoga within a single session. SPENGA leverages technology to enhance the member experience and streamline studio operations, including a custom app, CRM and performance-tracking tools. Ongoing support includes training, monthly network calls and an annual conference to keep franchisees and staff updated and motivated.

How Much Can SPENGA Franchise Owners Make?

The brand does not make this information publicly available. Prospective owners can access this information through the brand’s most recent Franchise Disclosure Document (FDD). 

How Much Does It Cost To Open SPENGA?

The total initial investment necessary to begin operation of a SPENGA franchise ranges from $435,931 to $823,615. Franchisees must also meet the minimum liquidity requirement of $250,000.

What Is the Franchise Fee for SPENGA?

The franchise fee required to begin operation of a SPENGA franchise is $49,500, which must be paid to the franchisor. 

Who’s On SPENGA’s Leadership Team?

• Roger McGreal - Chief Executive Officer
• Nancy Vrdolyak - Executive Vice President
• Heather Ruff - Vice President of Operations
• Amy Nielsen - Vice President of Fitness
• Joseph Vrdolyak - Vice President of Construction and Development
• Peter Vrdolyak - Director of Business Strategy

What Helpful Articles Can I Read to Learn More About SPENGA?

• SPENGA Holdings LLC Ranks on the 2023 Inc. 5000
• SPENGA Opens First Franchise in Columbus
• SPENGA Fitness Plans to Open 300 Locations in the Next Five Years

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