CycleBar vs AKT Franchise Comparison

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

Start-Up Costs and Fees
 
CycleBar Franchise
AKT Franchise
Investment $402,650 - $498,700$341,200 - $529,900
Franchise Fee $60,000$60,000
Royalty Fee 7%-
Advertising Fee 2%-
Year Founded 20142018
Year Franchised 20152018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
CycleBar Franchise
AKT Franchise
Experience --

Financing Options
 
CycleBar Franchise
AKT 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
AKT 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
AKT Franchise
US Expansion YesYes
Canada Expansion -Yes
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 AKT

"AKT
AKT is a dance-based cardio concept, offering a unique combination of four modalities: toning, interval, circuit and dance. With new original programming created every 3 weeks and the belief that movement has a powerful, lasting impact, AKT is for all body types and fitness levels. With this positivity and a combination of personal training and movement-based technique, AKT empowers members across the country to become stronger in their bodies, minds and communities - and they have fun doing it!

With a proven concept in one of the most competitive markets, AKT has extensive market potential - be the first to bring AKT's unique workout to your local market!
AKT has the brand strength and proven franchise model to deliver excellent profit potential. International & U.S. markets are available for multi-unit and single-unit investors. Don’t miss the opportunity to own your local market!