CycleBar vs Hard Exercise Works Franchise Comparison

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

Start-Up Costs and Fees
 
CycleBar Franchise
Hard Exercise Works Franchise
Investment $402,650 - $498,700$136,273 - $486,897
Franchise Fee $60,000$29,900
Royalty Fee 7%-
Advertising Fee 2%-
Year Founded 20142011
Year Franchised 20152011
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
CycleBar Franchise
Hard Exercise Works Franchise
Experience --

Financing Options
 
CycleBar Franchise
Hard Exercise Works 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
Hard Exercise Works 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
Hard Exercise Works 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 Hard Exercise Works

"Hard

At Hard Exercise Works, we guide our members to do exactly that through bootcamp-style group training. Their success is our success.
That’s why so many of our franchise owners are former members!
The Franchise Business you will own and operate is a fitness business that offers nutrition accountability programs, group training programs and other fitness services (based on similar principles as U.S. Navy S.E.A.L. workouts) to get members into shape operating under the trade name “Hard Exercise Works®”.