CycleBar Franchise Costs:
To start a CycleBar franchise, you must pay an initial franchise fee of $60,000. You need an initial investment of $350,000 to $490,000, with a net worth requirement of $500,000 to $5 million. The studio space required is 2,000 – 5,000 square feet. Financing for the initial franchise fee is not provided by CycleBar.
CycleBar Investment Details:
- Initial franchise fee: $60,000
- Total investment range: $319,150–$497,200
- Royalty fees: 7%
- Ad fees: 2%
- Required liquid assets: $100,000
- Required net worth: $500,000
Return on Investment:
- Average gross sales per studio: $336,000 per year
- EBITDA margins: 31% on average
- Payback period: around 8 years
Financing and Support:
- Financing available through third-party partnerships
- Support provided via webinars, seminars, and one-on-one guidance
Is CycleBar a Good Investment?
To start a CycleBar franchise, you need an initial investment of $351,475 – $501,875. Candidates should have a net worth of $500,000 and $100,000 in liquid assets. Financing for the initial franchise fee is not provided. The total investment range is $319,150–$497,200, with ongoing royalty fees of around 7% and ad fees of around 2%.