CycleBar

CycleBar

Information based on 2024 FDD

Fitness · Fitness Studios

Investment min
$338K
Total: $338K–$511K
Avg gross revenue
$389K
Unit-level, 2024
Franchise fee
$60K
Per current disclosure
Royalty
7%
of gross revenue
Locations
218
Franchising since 2015

Description

What is CycleBar?

CycleBar is a premium indoor cycling franchise that has revolutionized the boutique fitness industry since 2014. This dynamic brand offers an inclusive, high-energy workout experience that combines state-of-the-art cycling technology with immersive, music-driven classes led by expert instructors known as CycleStars.

What sets CycleBar apart is their commitment to creating an unparalleled fitness journey for riders of all skill levels. Their proprietary CycleStats technology tracks six key performance metrics, allowing members to monitor their progress and compete in friendly challenges. The CycleBeats music platform delivers carefully curated playlists that sync perfectly with each workout, creating an energizing atmosphere that keeps riders motivated and engaged.

The franchise offers various class formats, from high-intensity Performance rides to rhythm-based Connect classes, ensuring there's something for everyone. Each location provides premium amenities, including complementary cycling shoes, water bottles, and post-ride cool-down towels, creating a luxury experience at an accessible price point.

CycleBar's success is built on its strong community atmosphere and exceptional customer service. Their studios are known for their welcoming environment, where staff members greet riders by name and instructors provide personalized attention to help members achieve their fitness goals. This commitment to building relationships has created a loyal following and vibrant fitness community at locations across the country.

For entrepreneurs, CycleBar represents an opportunity to own a premium fitness brand that combines proven business systems with a passionate, engaged customer base. The brand's continued growth and high customer satisfaction ratings demonstrate its strong position in the thriving boutique fitness market.
  • 3x Larger Than Closest Competitor
  • Entrepreneur Franchise 500 Six Years Running
  • 200+ Successfully Operating Studios Globally
  • Proprietary Technology Drives Member Retention

Location Analysis

Where CycleBar wins

CycleBar demonstrates strong market penetration across multiple states with widespread coverage, showing particular density in coastal and metropolitan markets. The brand maintains a notable presence in California and Michigan, with significant market presence across Florida, Illinois, and Texas, indicating successful adaptation across diverse market types. The franchise's impressive customer satisfaction ratings across thousands of reviews suggests consistent service quality and strong brand execution nationwide.

The concentration in affluent, fitness-conscious metropolitan areas reflects CycleBar's premium boutique fitness positioning. Key success factors include locations in high-income areas with young, health-conscious professionals and significant disposable income. The franchise shows particular strength in urban and suburban markets with high population density and active lifestyle demographics.

Significant expansion opportunities exist in the Northeast and Southeast, where boutique fitness demand continues to grow. Ideal locations feature proximity to upscale retail, corporate offices, or high-end residential areas, with strong morning and evening traffic patterns. Demographics should include median household incomes above $75,000 and a high concentration of 25-45 year-olds.

Prospective franchisees should focus on areas with limited boutique fitness competition, strong health/wellness spending, and growing young professional populations. Markets with existing high-end retail and complementary wellness businesses typically indicate strong potential for CycleBar success.
Total US locations
219
Franchise units
218
Corporate locations
1
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind CycleBar

Avg gross revenue$388,776
Investment range$337,720 – $511,455
Investment midpoint$424,588
Brand fund2%
Royalty7%
Franchise fee$60,000
Min. net worth
Min. liquid capital
CycleBar requires an initial investment of $337,720-$511,455, positioning it as a mid-tier fitness franchise opportunity within the boutique fitness sector. This investment range aligns closely with the fitness studio sub-sector averages of $282,119-$557,302, indicating competitive market positioning for premium indoor cycling concepts.

The fitness studio industry benefits from strong consumer demand for boutique fitness experiences, with indoor cycling representing a mature yet resilient segment. CycleBar's focus on immersive "CycleTheatre" experiences and technology integration addresses evolving consumer preferences for experiential fitness offerings. The brand's establishment in 2014 provides operational maturity while maintaining growth momentum.

With 219 units across the system, CycleBar demonstrates substantial scale and franchisor infrastructure development. The brand's recognition on Entrepreneur's Franchise 500 for six consecutive years indicates system stability and proven replication model. This unit count suggests established operational systems and supply chain efficiencies.

Investment considerations include the competitive boutique fitness landscape and operational complexity of managing specialized equipment, instructor recruitment, and membership retention. The business model requires active management and strong local marketing execution. Territory protection and exclusive development rights warrant careful FDD review.

Ideal investors should possess $150,000-$200,000 liquid capital (estimated industry standard) and fitness industry experience or strong operational management background. Target markets include affluent suburban areas with health-conscious demographics aged 25-45. Multi-unit development opportunities exist for qualified operators seeking portfolio expansion within protected territories.", "brand_bragging_rights": [ "Largest indoor cycling franchise brand", "Entrepreneur Franchise 500 six years", "200+ studios across global markets", "Immersive CycleTheatre experience technology", "Comprehensive CycleStats performance tracking system", "Three times larger than competitors
Did you know? Did you know that launching your own CycleBar franchise - the premium indoor cycling studio that's revolutionizing fitness with rhythm-based workouts and state-of-the-art bikes - requires a total investment between $337,720 and $511,455, which covers everything from the $60,000 franchise fee to all the high-tech equipment, studio buildout, and working capital needed to bring this energizing fitness experience to your community?

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$338K–$511K
Most common
$337,720
Minimum
$424,588
Midpoint
$511,455
Maximum

Per FDD Item 7, total initial investment ranges from $337,720 to $511,455. The midpoint $424,588 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

FDD Item 19

Average gross sales

$500K$400K$300K$200K$100KN/A
$366K
$376K
$389K
2022
2023
2024
Avg
$377K
YOY change (2023 -> 2024)
+3%

According to Item 19 of the Franchise Disclosure Document, CycleBar has an average gross revenue of $389K. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)

Growth over time

Franchise footprint

-19% YoY
300240180120600
2017
2018
2019
2020
2021
2022
2023
2024
219 units open as of 2024 FDD-50 in last 12 mo

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for CycleBar's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2024 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a CycleBar franchise typically ranges between $337,720.00 and $511,455.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

CycleBar
CycleBar
$389K avg revenue · 218+ US franchises

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