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Updated RecentlyCycleBar vs BodyTek Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CycleBar vs BodyTek including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $402,650 - $498,700 | $249,600 - $384,500 |
| Franchise Fee | $60,000 | $19,900 |
| Royalty Fee | 7% | 6% |
| Advertising Fee | 2% | 1% |
| Year Founded | 2014 | - |
| Year Franchised | 2015 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/- | Yes/- |
| Start-up Costs | Yes/Yes | -/Yes |
| Equipment | Yes/Yes | Yes/Yes |
| Inventory | Yes/Yes | Yes/- |
| Receivables | Yes/- | -/- |
| Payroll | Yes/Yes | Yes/- |
Training & Support |
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| Training | On-The-Job Training: 5 days Classroom Training: 14 days | On-The-Job Training: 4 hours Classroom Training: 43 hours |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of Employees Required to Run: 15 | Absentee Ownership Allowed Number of Employees Required to Run: 8 - 12 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | Yes |
Company Overviews
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
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About BodyTek
Join the Bodytek movement, a challenging, yet exciting, HIIT group fitness workout program.
The workout that is designed to help maximize your potential and live what we call the BODYTEKLIFE. A high-intensity lifestyle where you choose to maximize your results & live everyday with MOTIVATION, EXCITEMENT, and ENERGY.
Experience that was designed with you in mind - our total body workout program. No two classes are ever the same, focusing on Your Mind, Your Time, & Your Body. Structured on group fitness, our one-hour classes welcome clients of all fitness levels to participate from beginner to advanced, clients pushing themselves to be challenged and reach their personal best. Designed to significantly improve your fitness level through High Intensity Interval Training or (HIIT). Our highly skilled coaches provide personalized guided assistance to ensure you maximum your one hour and achieve proven results.