Fitness Together vs CycleBar Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Fitness Together vs CycleBar including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Fitness Together Franchise
CycleBar Franchise
Investment $189,162 - $328,576$402,650 - $498,700
Franchise Fee $39,900$60,000
Royalty Fee 6%7%
Advertising Fee 2%2%
Year Founded 19842014
Year Franchised 19962015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 25% of current franchise fee-


Business Experience Requirements
 
Fitness Together Franchise
CycleBar Franchise
Experience
  • Industry experience
    		• -

    Financing Options
     
    Fitness Together Franchise
    CycleBar Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesYes/-
    Start-up Costs No/YesYes/Yes
    Equipment No/YesYes/Yes
    Inventory No/YesYes/Yes
    Receivables No/YesYes/-
    Payroll No/YesYes/Yes

    Training & Support
     
    Fitness Together Franchise
    CycleBar Franchise
    Training Classroom Training: 40 hours On-The-Job Training: 5 days Classroom Training: 14 days
    Support Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
    Marketing Network Support Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/appCo-op Advertising Ad Templates National Media Regional Advertising
    Operations International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3 - 5

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    		Number of Employees Required to Run: 15

    Expansion Plans
     
    Fitness Together Franchise
    CycleBar Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion NoYes

    Company Overviews

    About Fitness Together

    Established by Rick Sikorski in 1983, Fitness Together offers individual instructional courses to customers between the ages of 15 and 80. The organization, which started diversifying in 1996, works diversified studios over the United States.

    Best 5 reasons why you ought to consider owning a Fitness Together establishment:

    - A one of a kind private preparing idea
    - Solid establishment bolster with more than 30 years involvement in the individual preparing industry.
    - Set up working frameworks that use best business hones.
    - The chance to change lives with enhanced wellness and wellbeing

    - Proposals for showcasing and advancement of your studio

    The total investment necessary to begin operation of a Fitness Together studio ranges from $189,162 to $328,576. This includes $43,559 to $48,559 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin operation of a Fitness Together area development franchise ranges from $79,800 (for a 2-studio commitment) to $299,000 (for a 10-studio commitment). This entire amount must be paid to the franchisor.

    VetFran incentive - 20% off the initial franchise fee

    About CycleBar

    CycleBar is the largest network of Premium Indoor Cycling studios, with more than 180 locations slated to open throughout 2018. The concept of indoor cycling has built incredible momentum over the last 30 years. Offering concierge-level service and premium amenities, CycleBar has capitalized on this momentum and is experiencing exceptional success in a proven industry.
    CycleBar’s turnkey franchise model provides a completely scalable business that lets you determine your own success. Leverage significant development costs and national vendor relationships to launch your studio successfully!

    Veteran Incentives  $1,500 off franchise fee

    "Entrepreneur
    #479 in Franchise 500 for 2020.
    #351 in Franchise 500 for 2021
    .