CycleBar Signs More Than 200 Units within First Year of Franchising
Premier indoor cycling franchise celebrates milestone, looks ahead to
opening 100 new studios in 2016
CINCINNATI–(BUSINESS WIRE)–CycleBar,
the first and only premier indoor cycling franchise, is celebrating an
incredible inaugural year of franchise sales after signing more than 200
studios in 10 months. The strong franchise development momentum will
bring CycleBar’s state-of-the-art studios and energetic community
engagement to neighborhoods across the country. The company is on pace
to reach its overarching goal of having 100 studios open to riders by
Dec. 31, 2016.
As CycleBar prepares to break into more than 50 new U.S. markets in
2016, executives with the company are placing their main focus on
helping new partners become engrained in their community to engage local
residents with CycleBar’s intoxicating experience both inside and
outside of the studio.
“One of the main reasons CycleBar is attracting a high number of quality
franchisees is our ability to create an unparalleled energy that extends
well-beyond a workout class. Whether someone signs up for a CycleBar
Classic ride in our studio or joins us for a pop-up ride at a local
brewery, the experience offers a sense of community in which riders
truly feel they are part of something special,” said President of
CycleBar, Heather Harris.
CycleBar currently has eight studios open to riders. In the year ahead,
the luxury boutique fitness franchise will strategically target new
development in Atlanta, Chicago, Dallas, Houston, Los Angeles, New York
City and Philadelphia through single and multi-unit agreements.
Executives are seeking to partner with community-minded franchisees who
possess a passion for the fitness industry. Qualified candidates come
from diverse professional backgrounds, including current franchise
owners, C-level executives, lawyers, doctors and athletes.
“The fueling energy of CycleBar isn’t just for our riders. Many of our
new owners are leaving type-A jobs and joining CycleBar to find a more
fulfilling life. We are working with franchisees throughout our system
to do more than just help people stay in shape. We are planning large
scale outdoor rides, partnering with charitable organizations for unique
philanthropic events and creating opportunities for CycleBar to be
integrated into its community’s events,” added Harris. “Each franchisee
also has an opportunity to undergo our comprehensive training programs
to ensure the company grows with flawless execution in the years ahead.”
CycleBar has built a reputation in each of its communities of creating
exciting and energetic ways to raise money for organizations that
resonate with its riders. Organizations can team up with CycleBar
locations to plan CycleGiving™
rides in which charitable organizations receive all proceeds from the
riders who register for a designated ride, and promote health and
wellness along the way. These rides can generate as much as $10,000 in
an hour towards their cause of choice.
ABOUT CYCLEBAR
CycleBar is the preeminent indoor cycling franchise, offering
concierge-level service and premium amenities. The fueling energy of the
CycleBar experience extends into each community in which it is located
with intoxicating rides that promise to calm minds, elevate moods and
revive senses. As the only luxury boutique fitness franchise available
to date, CycleBar offers attractive opportunities in a fast-growing
company with high EBITDA margins and strong consumer demand. CycleBar is
on pace to have 100 studios open to riders in 2016 with over 200 total
locations in development. For more information about the franchise
opportunity, please visit www.cyclebarfranchise.com.
Contacts
Fishman PR
Lindsey Warriner, 847.945.1300 ext. 243
lwarriner@fishmanpr.com
