Listing status: Inactive
Reason: --
CYCLEBAR - Adelaide - Simple Operation
CYCLEBAR - Adelaide - Simple Operation
Industry :
--Sub Industry :
About the business
WITH 200 LOCATIONS - CYCLEBAR IS THE LARGEST INDOOR CYCLING FRANCHISE GLOBALLY
- We plan to open in Glenelg
- First Mover Advantage: CycleBar is the largest network of Premium Indoor Cycling Studios in the world, with territorial availability across most major markets in Australia. Get in early to lock away the best locations in each state!
- Fast Growing Franchise: CycleBar is the first and largest Premium Indoor Cycling concept offered in franchising. With 200 studios open globally and a loyal, growing following, CycleBar is rapidly expanding.
- Comprehensive Training: We believe extensive support & comprehensive training is pivotal for your success as a CycleBar Franchise Owner. Attend a virtual training course facilitated by our Corporate Team, an annual Franchise Convention & ongoing weekly support. Your staff will also undergo extensive sales training to ensure your team drives your studio's success.
- Finance: Our team will provide assistance in loan processing through preferred financiers for equipment and fitout.
Founded in 2004, CycleBar is the largest indoor cycling brand in the world and offers a variety of low-impact, high-intensity indoor cycling workouts, which are inclusive of all fitness levels. Offering a multi-sensory experience with certified CycleBar Instructors and energy-enhancing playlists, CycleBar has capitalised on this momentum and is experiencing success in a proven industry. No matter where our riders are in their fitness journey, our class experience promises to calm their mind, elevate their mood, and revive their senses.
The CycleBar mission is simple – to create a fun, inclusive and inspiring low impact/high-intensity experience for riders of all ages and fitness levels. Our CycleTheatre, professionally engineer audio, video and lighting technology, custom playlists and CycleStats that track member’s cycling performance and growth during and after class are what set us apart. No matter where our riders are in their fitness journey, our class experience promises to calm their mind, elevate their mood, and revive their senses.
Price: From $435k + GST
Contact us NOW for a fast response – complete the enquiry section on this page!
Finn Franchise Brokers
thefinngroup.com.au
1300 535 932
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$435,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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