Franopolis

    CycleBar Franchising SPV

    Franchise research report · reviewed 2025 disclosure data

    Reviewed sources

    CycleBar franchises operate indoor cycling studios offering instructor-led cycling workouts and related fitness services. Franchisees develop and operate studio locations under the CycleBar system.

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    Headline figures

    CycleBar Franchising SPV quick facts

    Is CycleBar Franchising SPV a franchise?
    Yes. CycleBar Franchising SPV offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 378 franchised and 0 company-owned outlets (2025 FDD, Item 20, PDF p. 76).
    How much does it cost to open a CycleBar Franchising SPV franchise?
    The CycleBar Franchising SPV Franchise Disclosure Document reports an estimated initial investment of $410,809–$1,110,193 (2025 FDD, Item 7, PDF p. 28). This is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does CycleBar Franchising SPV charge?
    The disclosed ongoing royalty is 7% (2025 FDD, Item 6, PDF p. 21). The brand or advertising fund contribution is 2% (2025 FDD, Item 6, PDF p. 21). Other recurring fees are listed in Item 6. Details
    Does CycleBar Franchising SPV disclose financial performance (Item 19)?
    Yes. The CycleBar Franchising SPV FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 72). Figures apply only to the locations and period each one covers. Details
    How many CycleBar Franchising SPV locations are there?
    The FDD reports 189 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 76). Existing locations do not indicate territory availability. Details
    Is CycleBar Franchising SPV a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1Opening costs are estimated at $410,809 – $1,110,193 in the 2025 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 covers 76 separate groups: revenue and memberships for 3 locations; revenue and memberships for 3 locations; revenue and memberships for 3 locations; memberships and revenue for 3 locations; revenue for 184 locations; other measures and memberships for 184 locations; revenue for 184 locations; revenue for 184 locations; revenue for 184 locations; revenue for 184 locations; revenue for 45 locations; revenue for 46 locations; memberships for 183 locations; revenue and memberships for 6 locations; memberships for 183 locations; other measures for 183 locations; revenue for 183 locations; revenue for 183 locations; revenue for 45 locations; memberships for 46 locations; memberships for 46 locations; memberships for 6 locations; memberships for 6 locations; memberships and revenue for 5 locations; revenue and memberships for 3 locations; memberships for 3 locations; memberships for 3 locations; memberships and revenue for 3 locations; revenue for 45 locations; revenue for 46 locations; revenue for 46 locations; revenue for 46 locations; revenue for 183 locations; memberships for 45 locations; memberships for 46 locations; memberships for 46 locations; memberships for 46 locations; memberships for 45 locations; memberships for 46 locations; memberships for 46 locations; revenue for 46 locations; revenue for 184 locations; memberships for 46 locations; memberships for 184 locations; memberships for 46 locations; memberships for 6 locations; revenue and memberships for 6 locations; memberships and revenue for 6 locations; revenue and memberships for 6 locations; memberships and revenue for 3 locations; revenue for 184 locations; memberships for 6 locations; revenue for 46 locations; revenue for 46 locations; revenue for 46 locations; memberships and revenue for 5 locations; revenue and memberships for 6 locations; memberships for 46 locations; memberships for 46 locations; memberships for 46 locations; memberships for 46 locations; memberships for 46 locations; memberships for 46 locations; memberships for 184 locations; memberships for 6 locations; revenue and memberships for 6 locations; revenue and memberships for 6 locations; memberships for 6 locations; revenue and memberships for 6 locations; revenue and memberships for 3 locations; revenue and memberships for 3 locations; revenue for 3 locations; memberships for 3 locations; memberships for 3 locations; revenue and memberships for 3 locations; revenue for 183 locations. They are not combined.
    3. 3Outlets declined by 56 in 2024, to 378 (Systemwide, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Franchises under $500kOther brands whose disclosed Item 7 low end fits this budget.Compare outlet trendsPut Item 20 counts side by side with up to 3 other brands.

    CycleBar Franchising SPV head-to-head

    Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.

    CycleBar Franchising SPVVSAnytime Fitness
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    CycleBar Franchising SPVVSPFplanet fitness
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    CycleBar Franchising SPVVSORANGETHEORY
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    CycleBar Franchising SPVVSJazzercise
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    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2025 FDD · Item 7 · PDF p. 28

    Formats disclosed in Item 7 (2)

    Each format has its own total. The total depends on the format you choose; multi-unit packages are listed but not included in the headline range.

    • Total estimated initial investmentPDF p. 28$410,809 – $1,110,193
    • Multi-Unit estimated investmentMulti-unitPDF p. 31$430,809

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    RoyaltyMain ongoing fee

    78 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    76 separate populations, shown apart. Revenue is not owner income.

    3 locations

    Revenue and memberships · 3 locations

    Who is counted
    New Studios owned and operated by franchisees that conducted their Soft Opening in calendar year 2024 — Month 7
    Excluded
    Studios at Non-Traditional Sites are excluded (PDF pp.72–73).
    Method
    Monthly average, median and range of data for New Studios during first 12 months after Soft Opening; Non-Traditional Sites excluded.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    Systemwide, as labeled in the FDD · counts as of December 31, 2024 of each year.

    2025 FDD · Item 20 · PDF p. 76

    Net −140 outlets, 2022–2024

    0518202243420233782024−84−56

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2025 Item 7 estimate ($410,809 – $1,110,193) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units decreased from 434 to 378 in 2024. What drove the change?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2025 FDD)

    1. [1]Estimated initial investment — Item 7 · PDF p. 28
    2. [2]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 72; PDF p. 71
    3. [3]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 71; PDF p. 72
    4. [4]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 72; PDF p. 71
    5. [5]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 71; PDF p. 72
    6. [6]Item 19 — Locations counted not stated in the reviewed record — 184 Qualified Studios — Part D Gross Revenue mix, Memberships category · PDF p. 75
    7. [7]Item 19 — Locations counted not stated in the reviewed record — 184 Qualified Studios — Part C Monthly Membership Attrition Rate · PDF p. 74
    8. [8]Item 19 — Locations counted not stated in the reviewed record — 184 Qualified Studios — Part D Gross Revenue mix, Memberships · PDF p. 75
    9. [9]Item 19 — Locations counted not stated in the reviewed record — 184 Qualified Studios — Part D Gross Revenue mix, Services · PDF p. 75
    10. [10]Item 19 — Locations counted not stated in the reviewed record — 184 Qualified Studios — Part D Gross Revenue mix, Fees · PDF p. 75
    11. [11]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios — Part D Gross Revenue mix, Products · PDF p. 75
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios owned and operated by a franchisee for the full Measurement P… · PDF p. 68
    13. [13]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 2nd Quartile, ranked highest to lowest by Gro… · PDF p. 68
    14. [14]Item 19 — Locations counted not stated in the reviewed record — All CycleBar Qualified Studios for the Measurement Period (January 1 through De… · PDF p. 70
    15. [15]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    16. [16]Item 19 — Locations counted not stated in the reviewed record — All CycleBar Qualified Studios for the Measurement Period, franchisee-owned and… · PDF p. 70; PDF p. 69
    17. [17]Item 19 — Locations counted not stated in the reviewed record — 183 CycleBar Qualified Studios during the Measurement Period, January 1 through… · PDF p. 74
    18. [18]Item 19 — Locations counted not stated in the reviewed record — 183 CycleBar Qualified Studios during the Measurement Period, January 1 through… · PDF p. 75
    19. [19]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios during the Measurement Period, January 1 through Dec… · PDF p. 75
    20. [20]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 1st Quartile, ranked highest to lowest by Gro… · PDF p. 68
    21. [21]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 2nd Quartile, ranked highest to lowest by ave… · PDF p. 69
    22. [22]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 4th Quartile, ranked highest to lowest by Mon… · PDF p. 70
    23. [23]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 72; PDF p. 71
    24. [24]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 72; PDF p. 71
    25. [25]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    26. [26]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 72; PDF p. 71
    27. [27]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 72
    28. [28]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 72
    29. [29]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 72; PDF p. 71
    30. [30]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 1st Quartile, ranked highest to lowest by Gro… · PDF p. 68
    31. [31]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 3rd Quartile, ranked highest to lowest by Gro… · PDF p. 68
    32. [32]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 4th Quartile, ranked highest to lowest by Gro… · PDF p. 68
    33. [33]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 4th Quartile, ranked highest to lowest by Gro… · PDF p. 68
    34. [34]Item 19 — Locations counted not stated in the reviewed record — All CycleBar Qualified Studios during the Measurement Period (January 1 through… · PDF p. 68
    35. [35]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 1st Quartile, ranked highest to lowest by ave… · PDF p. 69
    36. [36]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 4th Quartile, ranked highest to lowest by ave… · PDF p. 69
    37. [37]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 3rd Quartile, ranked highest to lowest by ave… · PDF p. 69
    38. [38]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 4th Quartile, ranked highest to lowest by ave… · PDF p. 69
    39. [39]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 1st Quartile, ranked highest to lowest by Mon… · PDF p. 70
    40. [40]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 2nd Quartile, ranked highest to lowest by Mon… · PDF p. 70
    41. [41]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios in the 3rd Quartile, ranked highest to lowest by Mon… · PDF p. 70
    42. [42]Item 19 — Locations counted not stated in the reviewed record — U.S. Qualified Studios owned and operated by franchisees for the entire Measure… · PDF p. 68
    43. [43]Item 19 — Locations counted not stated in the reviewed record — All 184 Qualified Studios — Part A-1 Gross Revenue (Total row) · PDF p. 68
    44. [44]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios in the 4th Quartile, ranked by average Monthly Active Members · PDF p. 69
    45. [45]Item 19 — Locations counted not stated in the reviewed record — All 184 Qualified Studios — Part A-2 Monthly Active Members (Total row) · PDF p. 69
    46. [46]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios in the 2nd Quartile, ranked by Monthly New Memberships · PDF p. 70
    47. [47]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 72; PDF p. 71
    48. [48]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 71; PDF p. 72
    49. [49]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 71; PDF p. 72
    50. [50]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 71; PDF p. 72
    51. [51]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 72; PDF p. 71
    52. [52]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios — Part D Gross Revenue mix, Fees · PDF p. 75
    53. [53]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    54. [54]Item 19 — Locations counted not stated in the reviewed record — U.S. Qualified Studios owned and operated by franchisees for the entire Measure… · PDF p. 68
    55. [55]Item 19 — Locations counted not stated in the reviewed record — U.S. Qualified Studios owned and operated by franchisees for the entire Measure… · PDF p. 68
    56. [56]Item 19 — Locations counted not stated in the reviewed record — U.S. Qualified Studios owned and operated by franchisees for the entire Measure… · PDF p. 68
    57. [57]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 71; PDF p. 72
    58. [58]Item 19 — Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening… · PDF p. 72; PDF p. 71
    59. [59]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios in the 1st Quartile, ranked by average Monthly Active Members · PDF p. 69
    60. [60]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios in the 2nd Quartile, ranked by average Monthly Active Members · PDF p. 69
    61. [61]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios in the 3rd Quartile, ranked by average Monthly Active Members · PDF p. 69
    62. [62]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios in the 1st Quartile, ranked by Monthly New Memberships · PDF p. 70
    63. [63]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios in the 4th Quartile, ranked by Monthly New Memberships · PDF p. 70
    64. [64]Item 19 — Locations counted not stated in the reviewed record — Qualified Studios in the 3rd Quartile, ranked by Monthly New Memberships · PDF p. 70
    65. [65]Item 19 — Locations counted not stated in the reviewed record — All 184 Qualified Studios — Part A-3 Monthly New Memberships (Total row) · PDF p. 70
    66. [66]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    67. [67]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    68. [68]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    69. [69]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    70. [70]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    71. [71]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    72. [72]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    73. [73]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71
    74. [74]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    75. [75]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    76. [76]Item 19 — Locations counted not stated in the reviewed record — CycleBar New Studios owned and operated by franchisees that conducted their Sof… · PDF p. 71; PDF p. 72
    77. [77]Item 19 — Locations counted not stated in the reviewed record — CycleBar Qualified Studios during the Measurement Period, January 1 through Dec… · PDF p. 75
    78. [78]Outlet counts — Item 20, Table 1 · PDF p. 76

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

    Territory & operations

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2024deferred revenue, currentMore than one value recorded for this year — open the FDD source before comparing$14,307
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$15,184
    2024deferred revenue, non-currentMore than one value recorded for this year — open the FDD source before comparing$96,065
    2024franchise revenueMore than one value recorded for this year — open the FDD source before comparing$160,877
    2024franchise marketing fund revenueMore than one value recorded for this year — open the FDD source before comparing$31,888
    2024other service revenueMore than one value recorded for this year — open the FDD source before comparing$11,789
    2024total revenueMore than one value recorded for this year — open the FDD source before comparing$204,554
    2024costs of franchise revenueMore than one value recorded for this year — open the FDD source before comparing$19,596
    2024selling, general and administrative expensesMore than one value recorded for this year — open the FDD source before comparing$45
    2024impairment of assetsMore than one value recorded for this year — open the FDD source before comparing$2,485
    2024depreciation and amortizationMore than one value recorded for this year — open the FDD source before comparing$6,605
    2024marketing fund expenseMore than one value recorded for this year — open the FDD source before comparing$25,714

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format, overlapping investment range, Item 20 outlet count and search interest. This is not a ranking or recommendation.

    Anytime FitnessPFplanet fitnessORANGETHEORYJazzerciseF45 TrainingBurn Boot Camp Kline Franchising

    Head-to-head comparisons

    CycleBar Franchising SPV vs Anytime FitnessCycleBar Franchising SPV vs planet fitnessCycleBar Franchising SPV vs ORANGETHEORYCycleBar Franchising SPV vs JazzerciseCycleBar Franchising SPV vs F45 TrainingCycleBar Franchising SPV vs Burn Boot Camp Kline Franchising
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 5 · PDF p. 19 · 2025 FDD

      Our summary: On-Site Grand Opening Assistance fee

      “If we provide On-Site Grand Opening Assistance, you will pay us a $2,500 training fee.”

      Note: Could not verify exact quote and scope on cited PDF page.

    • Item 12 · PDF p. 50 · 2025 FDD

      Our summary: Minimum monthly Gross Sales quota by second anniversary onward

      “you must achieve and maintain trailing 12-month average monthly Gross Sales of $15,000 by the 2nd anniversary of your Studio’s Soft Opening and each successive anniversary”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 50 · 2025 FDD

      Our summary: Territory protection condition

      “As long as you are in compliance with your Franchise Agreement, we will not operate, or grant a license to a third party to operate, during the term of your Franchise Agreement, a Studio located within the Designated Territory, subject to our reservation of rights below.”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 50 · 2025 FDD

      Our summary: Minimum Monthly Gross Sales Quota at first anniversary

      “you must achieve and maintain trailing 12-month average monthly Gross Sales of $10,000 by the 1st anniversary of your Studio’s Soft Opening”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 50 · 2025 FDD

      Our summary: Minimum Monthly Gross Sales Quota at second anniversary and later

      “you must achieve and maintain trailing 12-month average monthly Gross Sales of $15,000 by the 2nd anniversary of your Studio’s Soft Opening and each successive anniversary”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 12 · PDF p. 50 · 2025 FDD

      Our summary: Minimum monthly Gross Sales quota by first anniversary

      “you must achieve and maintain trailing 12-month average monthly Gross Sales of $10,000 by the 1st anniversary of your Studio’s Soft Opening”

      Note: Supplied quote could not be confirmed on the cited PDF page excerpt.

    • Item 20 · PDF p. 76 · 2025 FDD

      Our summary: Franchised 2023: 248 → 216

      “Franchised 2023 248 216”

      Note: Could not verify exact quote and scope on cited PDF page.

    • Item 20 · PDF p. 76 · 2025 FDD

      Our summary: Company-Owned 2023: 11 → 1

      “Company - Owned 2023 11 1”

      Note: Could not verify exact quote and scope on cited PDF page.

    • Item 20 · PDF p. 76 · 2025 FDD

      Our summary: Franchised 2022: 233 → 248

      “Franchised 2022 233 248”

      Note: Could not verify exact quote and scope on cited PDF page.

    • Item 20 · PDF p. 76 · 2025 FDD

      Our summary: Franchised 2024: 216 → 189

      “Franchised 2024 216 189”

      Note: Could not verify exact quote and scope on cited PDF page.

    • Item 20 · PDF p. 76 · 2025 FDD

      Our summary: Company-Owned 2024: 1 → 0

      “Company - Owned 2024 1 0”

      Note: Could not verify exact quote and scope on cited PDF page.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.

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