CycleBar vs HOTWORX Studio Franchise Comparison

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

Start-Up Costs and Fees
 
CycleBar Franchise
HOTWORX Studio Franchise
Investment $402,650 - $498,700$188,070 - $351,885
Franchise Fee $60,000$129,500
Royalty Fee 7%$550/mo.
Advertising Fee 2%-
Year Founded 20142016
Year Franchised 20152017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
CycleBar Franchise
HOTWORX Studio Franchise
Experience --

Financing Options
 
CycleBar Franchise
HOTWORX Studio 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
 
CycleBar Franchise
HOTWORX Studio 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
 
CycleBar Franchise
HOTWORX Studio Franchise
US Expansion YesYes
Canada Expansion --
International Expansion 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

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

About HOTWORX Studio

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HOTWORX is a virtually instructed exercise program created for users to experience the many benefits of infrared heat absorption, while completing a 30-minute isometric workout or 15-min High Intensity Interval Training (HIIT) session.
We created this infrared sauna workout program for people who want to flush toxins from their bodies, increase flexibility, balance, tone, and burn massive amounts of calories in the process. So whether you want to polish off your gym workout, or you’re strictly a spa-goer who wants to enhance your regime, this innovation could be a major component of your wellness program in the future. The results will blow you away!