| ||||
Updated RecentlyCycleBar vs QuickHIT Fitness Lab Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of CycleBar vs QuickHIT Fitness Lab including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $402,650 - $498,700 | $127,830 - $157,500 |
| Franchise Fee | $60,000 | $5,000 |
| Royalty Fee | 7% | - |
| Advertising Fee | 2% | - |
| Year Founded | 2014 | 2017 |
| Year Franchised | 2015 | 2018 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/- | -/- |
| Start-up Costs | Yes/Yes | -/- |
| Equipment | Yes/Yes | -/- |
| Inventory | Yes/Yes | -/- |
| Receivables | Yes/- | -/- |
| Payroll | Yes/Yes | -/- |
Training & Support |
||
| 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 |
||
| US Expansion | Yes | Yes |
| 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]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About QuickHIT Fitness Lab
!["QuickHIT]("https://fddexchange.com/wp-content/uploads/2019/11/QuickHIT-Fitness-Lab.png")
QuickHIT offers opportunities for hungry entrepreneurs to take ownership of markets in their city.