Franopolis
    vs

    Franchise opportunities compared

    Conquer Ninja vs CycleBar Franchising SPV

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Conquer Ninja2025 FDDCycleBar Franchising SPV2025 FDD

    Initial investment · Item 7

    Conquer Ninja

    $360,000

    2025 FDD · Item 7 · PDF p. 20

    CycleBar Franchising SPV

    $410,809 – $1,110,193

    2025 FDD · Item 7 · PDF p. 28

    Initial franchise fee · Item 5

    Conquer Ninja

    $45,000

    2025 FDD · Item 5 · PDF p. 12

    CycleBar Franchising SPV

    Not available

    Royalty · Item 6

    Conquer Ninja

    7%

    2025 FDD · Item 6 · PDF p. 13

    CycleBar Franchising SPV

    7%

    2025 FDD · Item 6 · PDF p. 21

    Before you compare

    • Both sets of figures come from 2025 FDDs.
    • Only CycleBar Franchising SPV has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Conquer Ninja

    $360,000
    Total excluding real estate/improvements
    2025 FDD · Item 7 · PDF p. 20

    CycleBar Franchising SPV

    $410,809 – $1,110,193
    Total estimated initial investment
    2025 FDD · Item 7 · PDF p. 28
    Standard initial franchise fee (Item 5)

    Conquer Ninja

    $45,000
    2025 FDD · Item 5 · PDF p. 12

    CycleBar Franchising SPV

    Not available
    No single standard fee identified
    Royalty (Item 6)

    Conquer Ninja

    7%
    Royalty Fee — 7%
    2025 FDD · Item 6 · PDF p. 13

    CycleBar Franchising SPV

    7%
    Royalty
    2025 FDD · Item 6 · PDF p. 21
    Brand / advertising fund (Item 6)

    Conquer Ninja

    $250
    Prohibited Product, Service, Supplier or Advertising Fee — $250
    2025 FDD · Item 6 · PDF p. 16

    CycleBar Franchising SPV

    2%
    Brand Development Fund initial contribution — 2%
    2025 FDD · Item 6 · PDF p. 21

    System scale & health

    Total outlets (Item 20)

    Conquer Ninja

    12
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 42

    CycleBar Franchising SPV

    189
    Outlets at end of 2024
    2025 FDD · Item 20 · PDF p. 76
    Net outlet change (Item 20)

    Conquer Ninja

    +5
    Calculated: 7 at end of 2022 → 12 at end of 2024

    CycleBar Franchising SPV

    −70
    Calculated: 259 at end of 2022 → 189 at end of 2024
    Outlet exits (Item 20)

    Conquer Ninja

    Not available
    No complete exit records for a year

    CycleBar Franchising SPV

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Conquer Ninja

    Not available
    Not in reviewed records

    CycleBar Franchising SPV

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Conquer Ninja

    Not available
    Not in reviewed records

    CycleBar Franchising SPV

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Conquer Ninja

    Not disclosed — no Item 19 financial performance representation

    CycleBar Franchising SPV
    Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening…
    $32,098
    other New Studio month 7 Gross Revenue median
    2025 FDD · Item 19 · PDF p. 72
    Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening…
    $33,121
    other New Studio month 8 Gross Revenue average
    2025 FDD · Item 19 · PDF p. 71
    Locations counted not stated in the reviewed record — New Studios owned and operated by franchisees that conducted their Soft Opening…
    $40,089
    other New Studio month 9 Gross Revenue maximum
    2025 FDD · Item 19 · PDF p. 72
    +73 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Conquer Ninja vs CycleBar Franchising SPV: common questions

    Which costs less to open, Conquer Ninja or CycleBar Franchising SPV?
    Conquer Ninja: $360,000 (2025 FDD · Item 7 · PDF p. 20); CycleBar Franchising SPV: $410,809 – $1,110,193 (2025 FDD · Item 7 · PDF p. 28). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Conquer Ninja. Estimates are not quotes, and the FDD years may differ.
    How do Conquer Ninja and CycleBar Franchising SPV royalties compare?
    Conquer Ninja: 7% (2025 FDD · Item 6 · PDF p. 13); CycleBar Franchising SPV: 7% (2025 FDD · Item 6 · PDF p. 21). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Conquer Ninja or CycleBar Franchising SPV?
    Conquer Ninja: 12 (2025 FDD · Item 20 · PDF p. 42); CycleBar Franchising SPV: 189 (2025 FDD · Item 20 · PDF p. 76). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Conquer Ninja and CycleBar Franchising SPV disclose financial performance (Item 19)?
    Conquer Ninja makes no Item 19 financial performance representation; CycleBar Franchising SPV has reviewed Item 19 figures for 76 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full Conquer Ninja report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full CycleBar Franchising SPV report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Compare Conquer Ninja with

    Compare CycleBar Franchising SPV with

    Add a third brand

    Compare up to four side by side

    Explore by brand

    Filter every published report

    FDD glossary

    Plain-language meaning of each Item