CycleBar® Franchise Business Overview
CycleBar® is a Premium Indoor Cycling™ boutique that offers energizing rides tailored to all fitness and experience levels. CycleBar rides inspire, motivate, and invigorate riders. 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 150 studios open to riders in 2017 with over 200 additional locations in development.
In 2004, Bill Pryor and his sister Alex Klemmer decided to create one of the first independent cycling studios in the country in their Boston neighborhood. Bill, then a corporate executive, and Alex, a stay-at-home mom, both recognized that there were three key ingredients to a successful indoor cycling experience: great instructors, great music and a great environment. They opened their first dedicated studio a year later and have been perfecting their high-energy, cycling- focused concept ever since. Now, ten years later, Pryor and Klemmer have partnered with like-minded fitness enthusiasts to allow others to experience and benefit from the CycleBar® experience.
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