OH-Columbus Cycling Studio Franchise

Founded in 2004 and franchising since 2014, CycleBar is the largest indoor cycling brand by number of studios and offers a variety of low-impact, high-intensity indoor cycling workouts, which are inclusive of all fitness levels. CycleBar offers an immersive, multi-sensory experience in state-of-the-art “CycleTheaters,” led by specially trained instructors, enhanced with high-energy “CycleBeats” playlists and tracked using rider-specific “CycleStat” performance metrics. Ranked on Entrepreneur Magazine’s Franchise 500 four years running, Fastest-Growing Franchises in 2021 as well as Inc. Magazine’s Inc. 5000 in 2020, CycleBar is headquartered in Irvine, CA and backed by Xponential Fitness, the largest franchisor of boutique fitness brands.

Xponential Fitness, Inc. (NYSE: XPOF) is the largest global franchisor of boutique fitness brands. Through its mission to make boutique fitness accessible to everyone, the Company operates a diversified platform of ten brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training and yoga. In partnership with its franchisees, Xponential offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations across 48 U.S. states and Canada, and through master franchise or international expansion agreements in 10 additional countries. Xponential Fitness' portfolio of brands includes Club Pilates, the nation's largest Pilates brand; CycleBar, the nation's largest indoor cycling brand; StretchLab, a concept offering one-on-one and group stretching services; Row House, a high-energy, low-impact indoor rowing workout; AKT, a dance-based cardio workout combining toning, interval and circuit training; YogaSix, the largest franchised yoga brand; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements; STRIDE, a treadmill-based cardio and strength training concept; Rumble, a boxing-inspired full-body workout; and BFT, a functional training, and strength-based program. For more information, please visit the Company’s website at xponential.com. Xponential Fitness has 2,300+ open studios and over 4,900+ sold.

Inventory Included: No

Training & Support:

Site Selection Assistance: We will assign franchisee's a local commercial RE broker to aid in their site selection process. This broker works on all XPO brands in the market and can leverage relationships with landlords where we have already placed XPO units. We also have a VP of Real Estate on the XPO level who works to build relationships with national REITs and also pre-approves sites throughout the county (we currently have 2,000+ pre approved sites).

Lease Negotiation Assistance: Our XPO RE team & the local broker will help with the LOI & lease negotiations. We also have a panel of pre-approved attorneys to review/approve all lease language.

Recruiting Assistance: XPO has a national recruiter who will help franchisees with job postings.

Training:

Strong Starts

Site selection and lease negotiation
Studio construction management
Franchise University week-long training
Initial hiring visit, Grand opening visit – 3 Sr team members for 1 full week
Ongoing Support

Monthly support calls – to track business progress
KPI training
2X yearly field support visits – Bi Annual Review
Turn key annual marketing calendar
Marketing Support

Owner Qualifications:

Owner Role

Manage the Manager and build CycleBar winning team culture

Execute some Marketing initiatives

Manage the financials

Manager Role

Manage daily operations and CycleBar team

Implement Studio & External Marketing tactics

Recruitment & Training of instructors

IDEAL CANDIDATE: As one of the few SEMI-ABSENTEE models in franchising, CycleBar may be presented to a candidate (with any background) that qualifies based on the required financial criteria. We are looking for franchisees with basic business skills that can manage and motivate a team, have sufficient financial resources, and will follow the blueprint of a proven business model. If your candidate has these qualities, then they are a prime candidate to own and operate a CycleBar Franchise!

WHAT KIND OF FRANCHISEE ARE WE LOOKING FOR?
Great business partners to work with
Looking to follow the play
Manage the manager skills
Personable communication skills
Ability to manage KPI’s
People who want to make a difference in the community
Looking to be a part of something bigger than themselves
Financial requirements of 500K net worth and 100K in liquidity