CycleBar Gears Up for 100th Opening This Quarter
Premiere indoor cycling franchise looks ahead to opening 150 new studios by end of 2017.
July 11, 2017 // Franchising.com // CINCINNATI, OHIO – CycleBar, the first and only premier indoor cycling franchise, is celebrating an incredible year of franchise sales as it approaches its 100-store opening milestone. 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 150 studios open to riders by end of year.
“We have already accomplished an incredible amount this year and we are excited to see what the rest of 2017 has in store for us as we gear up for our 100th opening,” said Heather Harris, president of CycleBar. “Through meaningful franchise partnerships with passionate, driven individuals, we are confident CycleBar will continue to grow rapidly across the nation and achieve new milestones.”
CycleBar currently has 99 open studios and nearly 400 studios sold. In the year ahead, the luxury boutique fitness franchise will strategically target new development in Chicago, Atlanta, Boston, Washington D.C., Los Angeles, Orange County, San Francisco, and Phoenix through single and multi-unit agreements. Executives are seeking to partner with community-minded franchisees who possess a passion for the fitness industry and dedication to providing a first-class cycling experience.
As CycleBar continues to break into major metropolitan cities, focus is on helping new partners become engrained in their communities. The company’s main goal is to engage local residents with CycleBar’s intoxicating experience both inside and outside of the studio.
The Cincinnati brand offers 33 unique touch points for a multisensory experience for each rider, including professionally engineered light and sound systems, energy-enhancing video graphics and rider-specific performance data in a state-of-the-art CycleTheatre®. Maintaining the founders’ vision, the concierge-level service and exhilarating experience goes far beyond a great cardio fitness workout and is all-inclusive to maintain a luxurious experience for every customer in a membership model.
“One of the main reasons we attract a high number of quality franchisees is our ability to create an unparalleled energy that extends well-beyond a workout class,” added Harris. “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.”
For more information about the franchise opportunity, please visit www.cyclebarfranchise.com.
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. For more information about the franchise opportunity, please visit www.cyclebarfranchise.com.