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Updated RecentlyProfile by Sanford vs CycleBar Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Profile by Sanford vs CycleBar including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $388,500 - $634,500 | $402,650 - $498,700 |
| Franchise Fee | $49,500 | $60,000 |
| Royalty Fee | 5% | 7% |
| Advertising Fee | 2% | 2% |
| Year Founded | 2012 | 2014 |
| Year Franchised | 2014 | 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 |
| Inventory | -/Yes | Yes/Yes |
| Receivables | -/Yes | Yes/- |
| Payroll | -/Yes | Yes/Yes |
Training & Support |
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| Training | On-The-Job Training: 228 hours Classroom Training: 32 hours Additional Training: 15 hours annually | On-The-Job Training: 5 days Classroom Training: 14 days |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support 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 Loyalty program/app | Co-op Advertising Ad Templates National Media Regional Advertising |
| Operations | Number of Employees Required to Run: 5 | Number of Employees Required to Run: 15 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | Yes |
Company Overviews
About Profile by Sanford
Profile by Sanford is a comprehensive weight loss and weight management program designed by the physicians and experts at Sanford Health. The program utilizes a certified health coach and offers integrated technology and meal replacement products to provide members with a solution for nutrition, activity, and lifestyle changes.
Be part of the $20+ billion weight loss industry, helping nearly 70% of Americans who are overweight.
* Align with an evidence-based program designed by physicians and scientists with proven results
* Be backed by Sanford Health, the largest rural non-profit health system in the nation
*Join an organization that's focused on preventative medicine and bettering the lives of its members.
*Real estate site selection consultation.
*Ongoing operations and management support
*Staff training and certification program.
*Assistance and access to promotions and marketing campaigns.
Do What You Love. Change Lives
The total investment necessary to begin operation of a single PROFILE SANFORD franchise ranges from $388,500 to $634,500 for a stand-alone store, and from $183,000 to $334,200 for an in-facility store. This includes $183,000 to $334,200 for a stand-alone store, and $123,000 to $158,200 for an in-facility store, that must be paid to the franchisor or affiliate.Veteran Incentives $5,000 off franchise fee
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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