Precision Fitness vs CycleBar Franchise Comparison

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

Start-Up Costs and Fees
 
Precision Fitness Franchise
CycleBar Franchise
Investment $87,550 - $107,000$402,650 - $498,700
Franchise Fee $25,000$60,000
Royalty Fee -7%
Advertising Fee -2%
Year Founded -2014
Year Franchised -2015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Precision Fitness Franchise
CycleBar Franchise
Experience --

Financing Options
 
Precision Fitness Franchise
CycleBar Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-Yes/-
Start-up Costs -/-Yes/Yes
Equipment -/-Yes/Yes
Inventory -/-Yes/Yes
Receivables -/-Yes/-
Payroll -/-Yes/Yes

Training & Support
 
Precision Fitness Franchise
CycleBar Franchise
Training -On-The-Job Training: 5 days Classroom Training: 14 days
Support -Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
Marketing -Co-op Advertising Ad Templates National Media Regional Advertising
Operations -Number of Employees Required to Run: 15

Expansion Plans
 
Precision Fitness Franchise
CycleBar Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Precision Fitness

Precision Fitness combines weight training, cardiovascular exercise and nutrition into individualized programs like many private fitness environments, but differs significantly by offering private fitness training for as low as $18 per session, the lowest per-session cost in California. Thriving as a fitness business concept with continued growth over the last 12 years, Precision Fitness is now a franchised system offering exceptional value, operations training and support, established business systems, and franchise financing options.

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
.