CycleBar franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.28 ↗

Franchise fees and ongoing costs

Franchise fee

$40,000 to $60,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

7% · 7% of Gross Sales, payable weekly via EFT

Marketing contribution

2% (basis not captured; see original filing)

Technology fee

$715 per month (reduced $250 per month during ~9-month Pre-Sales Phase); may increase 10% annually; separate software fee of $203 per month noted in Item 7

Other fees

Local advertising requirement greater of $1,500 or 2% of prior month's Gross Sales; regional ad Co-Op if established (not currently charged); Instructor Bootcamp tuition $350 per subsequent instructor

Working capital (FDD Item 7)

Additional Funds - 3 months: $25,000 to $67,000 (business expenses during first 3 months after Soft Opening and pre-sales phase, net of estimated revenue)

Fees sourceFDD p.21 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.28 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Gross Revenue (average, median, range by quartile) of Qualified Studios, plus monthly active members, new memberships, new-studio ramp data, attrition rate and revenue mix

Reporting period

Calendar year 2024 (January 1 to December 31, 2024)

Sample

183 Qualified Studios (of 189 studios open at 12/31/2024; 6 excluded for not operating the full period; non-traditional sites excluded)

Reported average

$424,125

Reported median

$406,514

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.68 ↗

Unit growth: Item 20

Reporting year

2024

Scope

franchised outlets

Starting outlets

216

Year-end outlets

189

Net change

-27

Derivation

ending minus starting outlets

Openings

10

Terminations

6

Non-renewals

0

Other closures

31

Reacquisitions

0

Transfers

10

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.76 ↗

SBA loan history

Loan activity

33 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$496,100

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

8 loans

Historical charge-off share

8.33%

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

7 / 84

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does CycleBar franchise cost?

Single studio (Franchise Agreement, Table A): $410,809 to $1,110,193; Multi-Unit Agreement for 3 studios (development fee + sourcing fee + first studio): $430,809 to $1,180,193 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $40,000 to $60,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.28 ↗

Franchise fee sourceFDD · page not captured ↗

How much do CycleBar owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Gross Revenue (average, median, range by quartile) of Qualified Studios, plus monthly active members, new memberships, new-studio ramp data, attrition rate and revenue mix. Sample: 183 Qualified Studios (of 189 studios open at 12/31/2024; 6 excluded for not operating the full period; non-traditional sites excluded). Period: Calendar year 2024 (January 1 to December 31, 2024).

Item 19 performance sourceFDD p.68 ↗

What's the SBA charge-off rate for CycleBar?

8.33%; numerator / denominator: 7 / 84. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $496,100; window: FY2023-FY2026 YTD through 2026-06-30; sample: 8 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗