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Below is an in-depth analysis and side-by-side comparison of CycleBar vs Polestar Pilates Studio 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 | $121,750 - $196,950 |
Franchise Fee | $60,000 | $24,900 |
Royalty Fee | 7% | 6% |
Advertising Fee | 2% | 1.5% |
Year Founded | 2014 | 1998 |
Year Franchised | 2015 | 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/- | -/- |
Payroll | Yes/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 5 days Classroom Training: 14 days | On-The-Job Training: 11 hours Classroom Training: 29 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: 4 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | Yes |
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!
Polestar is an International authority with educators across 50 countries and education facilities in over 28 countries. Polestar has developed a low-cost, high-return business model for entrepreneurs and aspiring studio owners to meet the demands created by increasing health awareness and interests.