Workout Anytime 24/7 vs CycleBar Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Workout Anytime 24/7 vs CycleBar including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Workout Anytime 24/7 Franchise
CycleBar Franchise
Investment $562,850 - $1,008,550$402,650 - $498,700
Franchise Fee $35,000$60,000
Royalty Fee 4%+7%
Advertising Fee 1%2%
Year Founded 19992014
Year Franchised 20052015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Workout Anytime 24/7 Franchise
CycleBar Franchise
Experience --

Financing Options
 
Workout Anytime 24/7 Franchise
CycleBar Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/-Yes/-
Start-up Costs Yes/-Yes/Yes
Equipment -/YesYes/Yes
Inventory -/YesYes/Yes
Receivables -/-Yes/-
Payroll -/YesYes/Yes

Training & Support
 
Workout Anytime 24/7 Franchise
CycleBar Franchise
Training On-The-Job Training: 30 hours Classroom Training: 40 hours On-The-Job Training: 5 days Classroom Training: 14 days
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures 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 Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Co-op Advertising Ad Templates National Media Regional Advertising
Operations -Number of Employees Required to Run: 15

Expansion Plans
 
Workout Anytime 24/7 Franchise
CycleBar Franchise
US Expansion YesYes
Canada Expansion --
International Expansion YesYes

Company Overviews

About Workout Anytime 24/7

Franchising with Workout Anytime is a great option for those who are looking to have more control over their own destiny by running their own business. One of the perks of franchising with an established brand like Workout Anytime is that once your location is up and running, you’ll be able to enjoy greater flexibility with your time. We want our franchise-partners to enjoy financial and lifestyle independence by being able to delegate day-to-day tasks to their trusted employees, leaving them free to decide for themselves when they’d like to come in to work.

The total investment necessary to begin operation of a Workout Anytime franchised business is from $562,850 to $1,008,550. This includes
$159,398 to $273,004 that must be paid to the franchisor or affiliate.
The total investment necessary under the Development Agreement is from $1,643,550 to $2,980,650. This includes total initial franchise fees of $60,000 that must be paid to the franchisor or its affiliates.
Veteran Incentives  22% off franchise fee

"Entrepreneur
#351 in Franchise 500 for 2020.



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
.