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SPENGA Franchise For Sale

Minimum Investment

$250,000

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Established

2015

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Franchise Units

300

payments

Minimum Investment

$250,000

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Franchise Fee

$49,500

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Total Investment Range

$789,595

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Home Based

No

Description

SPENGA is the NEXT BIG BUSINESS in fitness. SPENGA offers a 60-minute workout separated into three components. The workout consists of 20 minutes of spin, 20 minutes of strength and 20 minutes of yoga. The workout is enhanced by the SPENGA 'Sweet Spot' technology that keeps members engaged and competitive. SPENGA is the first studio to put equal focus on the three pillars of fitness (cardio, strength, and flexibility) all in one 60-minute workout. SPENGA clients stay engaged and have more fun than other concepts that offer a singular training method for the entire workout.

SPENGA’s tagline is "Best. Workout. Ever" and we firmly believe this. SPENGA fills a void in the market by delivering cardiovascular, strength, and flexibility training all in one 60-minute workout. Consumers are constantly searching for the most efficient and effective fitness solution that will yield them the best results. The SPENGA concept was designed with the consumers’ needs in mind, and we want to share this results-driven, uplifting, unique, fitness experience with as many individuals as possible. SPENGA is targeting all individuals looking to make the most out of their lives and their workouts.

SPENGA offers a multisensory experience. As soon as you walk through the door you can see the attention paid to detail. This includes the inspiring design elements with space dedicated specifically to each element of the workout, invigorating aroma from the essential oils, and the DJ-inspired playlists that create incredible energy throughout the studio. SPENGA is a community of like-minded individuals all looking to live their best lives and get the most out of their workouts.

SPENGA offers a recurring revenue business with item 19 showing a positive six-figure return of $128k, as well as average, high, medium, and low stats for membership, lead volume, membership rates and NCI increases.

If you want to be involved with SPENGA, you better hurry. They have already awarded 300 UNITS in a short period of time and will have 100 studios open in 2023.


Background

Established: 2015
First Unit Franchised: 2016
Franchised Units: 300+
Company Owned Units: 1

Canada/International Franchises: No

Registered in non-registration states, IN, MI & WI

Pending Registration in: CA, IL, MD, MN, NY, RI, VA & WA

Not Accepting Leads in: HI, ND & SD


Support Training

Initial Training:

  • Initial training for managers and owners in Chicago
  • Instructor training at home location
  • Grand Opening support and additional training
  • Real estate
  • Site selection
  • Competitive market analysis
  • Facility layout
  • National contractor and architect
  • Financing options (Third Party)
  • Equipment purchasing
  • Insurance
  • Signage and decor

On-Going Support:

  • On-going weekly/monthly support and field assistance
  • Monthly advertising and sales assistance
  • Central purchasing
  • Payroll provider
  • Monthly marketing guidance
  • Monthly sales assistance
  • Continued intructor training
  • Field support
  • Retail support and products
  • Recruiting tools and support
  • Daily fitness programming
  • Quarterly programming advances
  • Monthly event and community outreach guidance and planning


Ideal Candidate

SEMI-ABSENTEE / EXECUTIVE MODEL

  • Managing Marketing Plans
  • Hold the team accountable - Watch Scorecard and KPI’s
  • Build community relationships and cross promotions
  • Financial/Cash management
  • Attend Franchise Summit – Once a year


OWNER OPERATOR

  • Lead, train, motivate, and manage staff
  • Manage sales and retention expectations
  • Generate reports to ensure KPI’s are being met
  • Manage all operational aspects of the business including but not limited to: marketing spends, ordering supplies, equipment maintenance, payroll, scheduling, cleanliness
  • Ensure SPENGA is integrated in your local community
  • Plan and promote entertaining and productive events through community outreach and business partnerships


IDEAL CANDIDATE:

  • No Fitness experience required
  • Strong Business Sense
  • Proven ability to build and lead a team
  • Willingness to learn
  • Passionate about fitness or helping other reach their goals
  • Recognizes this is an experiential driven concept


Financial Detail

Cash Investment: $250,000
Total Investment: $480,280-789,595
Minimum Net Worth: $500,000
Franchise Fee: $49,500
Royalty: 7%
Ad: 2% - not yet being billed
Average Number of Employees: 12
Item 19: Yes
Visa Candidates: No
Semi-Absentee Ownership / Executive Model: Yes
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes - $5,000 off first unit franchise fee 



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