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SPENGA

Revolutionizing Fitness SPENGA is a fast-growing fitness franchise […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 2016
Category Locations: Retail
Available Ownership Type: Owner Operator,Semi-Absentee
Corporate HQ City: Homer Glen
Corporate HQ State: Illinois
Investment Range: $288,605
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Franchise Fee: $49,500
Royalty Percentage: 7%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

SPENGA Franchise: A Powerful Investment in Fitness and Community

Revolutionizing Fitness

SPENGA is a fast-growing fitness franchise that offers a unique workout experience. It combines three popular fitness styles: spin cycling, high-intensity interval training (HIIT), and yoga, all in one 60-minute class. This "Ride, Represent, Relieve" approach is designed to be effective for people of all fitness levels, helping them build endurance, strength, and flexibility. With over 300 studios across the US, SPENGA has become a popular choice for people looking for a holistic approach to fitness and a supportive community.

Investing in Your Passion for Fitness

Owning a SPENGA franchise isn't just about starting a business; it's about making a positive impact in your community. As a franchise owner, you'll receive support from the SPENGA team every step of the way, from choosing a location and building your studio to marketing and training your staff. The initial investment for a SPENGA franchise ranges from $386,000 to $699,000, which includes a franchise fee of $49,500. SPENGA is looking for franchisees who are passionate about fitness, have strong business skills, and are committed to building a thriving community.

Growth and Support for Long-Term Success

Joining the SPENGA family means becoming part of a strong network of successful franchise owners. SPENGA encourages collaboration and provides ongoing training, marketing resources, and operational guidance. They're dedicated to helping you succeed and offer continuous support to ensure your studio thrives. With a strong financial model, a loyal customer base, and a rapidly expanding brand, SPENGA is an excellent opportunity for entrepreneurs who want to invest in a franchise that aligns with their values and promotes both physical and mental well-being in their community.

Support & Training offered by SPENGA

SPENGA Franchise Support: A Comprehensive Guide to Success

Opening a fitness franchise is a big step, but with SPENGA, you’re not alone. They provide a complete support system to help you succeed, from the very beginning.

Pre-Opening Support

SPENGA's team of experts is there to guide you through every stage of your franchise journey:

Finding the Perfect Location

SPENGA helps you find the ideal spot for your studio. They'll consider factors like population density, traffic patterns, and existing competition to ensure you're in a prime location.

Building Your Dream Studio

Get assistance with your studio's design and construction, ensuring it meets SPENGA's brand standards. They'll also help you choose the right equipment for your classes.

Securing Financing

SPENGA partners with lenders to help you secure the funding you need to get your studio up and running.

Marketing and Advertising

Develop a customized marketing plan to attract members. You'll have access to pre-opening and ongoing promotional materials to help spread the word about your studio.

Building a Winning Team

SPENGA supports you in recruiting and training your staff, including studio managers, instructors, and sales personnel.

Initial Training

SPENGA provides intensive training programs to ensure your success:

Franchisee Training

Attend an in-depth training program to learn about business operations, marketing, customer service, and SPENGA's unique workout format.

Instructor Training

Your instructors will receive comprehensive training on the SPENGA method, including spinning, HIIT, and yoga. This ensures consistent and high-quality classes.

Grand Opening Support

SPENGA's team is there to help you make your grand opening a success. They'll help you plan the event, build excitement, and attract new members.

Ongoing Support

Even after you open your doors, SPENGA provides ongoing support to help you thrive.

Field and Regional Support

Dedicated regional managers are available to offer on-site and virtual assistance, addressing any operational challenges you may face.

Marketing and Sales Assistance

Stay up-to-date on industry trends and receive regular marketing campaigns, sales tools, and performance analysis to help you grow your business.

Operations and Technology

SPENGA provides a proprietary learning management system for staff training. They'll also assist you with equipment maintenance and studio management software.

Fitness Programming

Access daily workout routines, quarterly program updates, and ongoing instructor training to keep your classes fresh and engaging.

Community Outreach

SPENGA provides guidance on building relationships with your local community, planning events, and creating valuable partnerships.

Additional Resources

SPENGA also offers a range of valuable resources to make your life easier:

Purchasing Power

Benefit from SPENGA's national contracts for equipment, apparel, and other supplies, ensuring you get competitive pricing.

Centralized Payroll

Simplify payroll processing with access to SPENGA's preferred provider.

Insurance

Partner with SPENGA's recommended insurance carriers for comprehensive coverage.

SPENGA is committed to your success. Their hands-on approach and comprehensive support system provide the tools and resources you need to thrive as a franchise owner.

Additional Information

Category Location Retail
Number of Units Open
Investment Range $288,605 - $858,138
Master Franchise true
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
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