Majority of revenue is generated from membership sales as well as the range of retail merchandise.
What can I expect to make from my business?
Income from each studio varies based on a number of variables including market size, demographics, efforts made by owners, competency, and economic factors. During the validation process, you will have the opportunity to speak with CycleBar owners and ask more specific revenue and income questions.
How much training will I receive?
We believe extensive support and comprehensive training is pivotal for your success as a CycleBar Franchise Owner. Attend a 3-day training course at our corporate headquarters in Perth, an annual Franchise Convention & ongoing weekly support. Your staff will also undergo extensive sales training to ensure your team drives your studio's success. We offer training in Sales, Recruitment, Leasing, Marketing, Finance & Site Build.
What marketing support will I receive?
In addition to the training and support provided by Head Office, the minute you sign your lease agreement, the marketing of your location begins. Personalised support is set you up to assist with all means of generating website traffic and converting memberships. Digital marketing to drive pre-sale memberships, local area & grassroots marketing & initiatives are all provided.
What time commitment to I need to make weekly?
Time commitment is completely up to you. Some owners maintain full-time jobs and watch over operations by fully staffing their studio with a general manager, sales representatives and instructors. Other owners operate their studios as either a full-time or part-time job and staff accordingly. It really depends on your circumstance and can work either way as our semi-absentee model is proven.
Are there benefits to owning multiple studios?
Along with a reduced initial franchisee fee for additional locations and owning a larger portion of your local area’s market, the financial potential as a multi-unit franchisee is significant.
How will I know if my market is big enough?
We will help you determine what areas offer the most viable market and their growth potential as well as offer assistance selecting appropriate sites.
Will I be supported in finding a location and building the studio?
We offer comprehensive support in real estate scouting and building out your location. We provide start-to-finish build-out coordination including corporate approved layouts, assistance with general construction, interior design, security & technology and manufacturer-direct equipment purchasing.
Do I receive exclusivity with my territory?
Yes. You will be granted an exclusive territory. You can discuss how CycleBar implements its territory development with our team.
What is required to become a multi-unit franchisee?
Multi-unit franchisees need the financial capability to establish and build multiple locations over a specific time period in their region; something that can require significant time, funding and human resources.