CycleBar
Fitness · Cycling Studios
- Active units
- 218
- Avg unit volume
- $389k
- Royalty
- 7.0%
Franchised, year-end 2023
of weekly Net Sales
About CycleBar
CycleBar® is not just a place to ride, it's a transformative experience that combines self-discovery, community, and a whole lot of sweat. We are all about getting more out of life and pushing ourselves to new limits. Whether you're a seasoned rider or just starting out, CycleBar is the place where you belong. At CycleBar, we are driven by music and fueled by the beat. We don't follow trends, we set them. Our instructors are more than just guides, they are educators, coaches, motivators, and friends who will help you reach your goals and change your life one ride at a time. With our proprietary CycleBeats playlist database, every ride is a mood-elevating experience. And with CycleStats, you can track your daily and historical performance to help you achieve your fitness goals. But CycleBar is more than just a workout. It's a community where you can find comfort and support. We believe in giving back, both inside and outside the studio, and empowering our riders to make a difference. Join us at CycleBar and discover the invigorating and transformative power of our rides. Become part of a community that supports and uplifts each other. Your journey starts here.
Key terms
- Franchise fee
$60k
- Brand fund
2.0% of Net Sales
- Local advertising
1500.0% of Net Sales
- Footprint
1,500 – 2,000 sq ft
- Development Agreement (3-5 Studios)
$45k
- Development Agreement (6-9 Studios)
$40k
- Development Agreement (10+ Studios)
$35k
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing); filings on file: 2024, 2025.
Growth
- Total locations—
Franchised units open at year-end
- New openings—
Gross new units opened during the calendar year
- 1-year unit growth rate—
Net unit growth versus prior year
- 3-year unit CAGR—
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio—
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$389k
Summed the 12 monthly average Gross Revenue figures for Feb 2023–Jan 2024 to estimate average annual Gross Revenue per Qualified Studio: 388,776.
- Annual unit volume (25th percentile)$260k
Gross Revenue for Qualified Studios during the Measurement Period (Jan 1–Dec 31, 2024). Excludes sales tax and Non-Traditional Sites.
- Annual unit volume (75th percentile)$539k
Gross Revenue for Qualified Studios during the Measurement Period (Jan 1–Dec 31, 2024). Excludes sales tax and Non-Traditional Sites.
- 1-year Median AUV growth rate9.1%
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$425k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open6 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate7.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio0.9×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 230 of 364 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.