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SPENGA

SPENGA Franchise: A Three-Part Powerhouse for Fitness & […]

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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: $100,000+
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 Three-Part Powerhouse for Fitness & BusinessRevolutionizing the fitness landscape: SPENGA is a rapidly growing franchise built on a unique three-pronged approach to well-being. Forget your typical gym routine! SPENGA combines the high-octane energy of spin cycling, the muscle-building intensity of HIIT training, and the restorative balance of yoga, all seamlessly woven into a single 60-minute session. This "Ride, Represent, Relieve" philosophy caters to all fitness levels, offering an efficient and effective workout that builds endurance, strength, and flexibility. With over 300 studios across the US, SPENGA is attracting health-conscious individuals seeking a holistic approach to fitness, with a vibrant and supportive community forming around its studios.Investing in Your Fitness Passion: Owning a SPENGA franchise isn't just about joining a booming industry; it's about becoming a catalyst for positive change in your community. As a franchisee, you'll be equipped with comprehensive support from the SPENGA team, from site selection and construction to marketing and staff training. The initial investment, ranging from $386,000 to $699,000, covers everything you need to launch your studio, including a $49,500 franchise fee. Beyond the financial aspects, SPENGA values passion and commitment to their core principles. They seek candidates with strong business acumen, leadership skills, and a genuine enthusiasm for fitness and community building.Growth and Support for the Long Haul: Joining the SPENGA family means becoming part of a closely-knit network of successful franchisees. SPENGA fosters a collaborative environment, offering ongoing training, marketing resources, and operational guidance. They're dedicated to your success, providing continuous support to ensure your studio thrives. With proven financial models, a loyal customer base, and a rapidly expanding brand, SPENGA presents a lucrative opportunity for entrepreneurs looking to invest in a franchise that aligns with their personal values and fosters both physical and mental well-being in their community.

Support & Training offered by SPENGA

SPENGA Franchise Support and Training: Ride, Rep, Revive TogetherSPENGA understands that opening a new franchise is a big undertaking, and they're committed to supporting you every step of the way. Here's a breakdown of their comprehensive support and training program:Pre-Opening:Real Estate: SPENGA experts guide you through site selection, considering demographics, traffic patterns, and competitor analysis.Construction & Design: Receive assistance with architectural plans, equipment procurement, and ensuring your studio meets brand standards.Financing: SPENGA partners with third-party lenders to help you secure funding.Marketing & Advertising: Develop a personalized marketing plan with access to pre-opening and ongoing promotional materials.Team Building: Recruit and train your staff, including studio managers, instructors, and sales personnel.Initial Training:Franchisee Training: Attend an intensive 89-hour training program in Chicago, covering business operations, marketing, customer service, and SPENGA's unique workout format.Instructor Training: Your instructors receive comprehensive training on the SPENGA method, including spinning, HIIT, and yoga components, ensuring quality and consistency across classes.Grand Opening Support: SPENGA team members help you plan and execute a successful grand opening, building buzz and attracting new members.Ongoing Support:Field & Regional Support: Dedicated regional managers provide on-site and virtual support, addressing operational challenges and offering guidance.Marketing & Sales Assistance: Stay updated on industry trends and receive monthly marketing campaigns, sales tools, and performance analysis.Operations & Technology: SPENGA provides a proprietary learning management system for ongoing staff training, plus support 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 exciting.Community Outreach: SPENGA provides guidance on planning events, building partnerships, and engaging with your local community.Additional Resources:Purchasing Power: Leverage SPENGA's national contracts for equipment, apparel, and other supplies, securing 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.Overall, SPENGA takes a hands-on approach to franchisee support. They understand that your success is their success, and they're invested in providing you with the tools and resources you need to thrive.

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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