About SPENGA Spin Strength Yoga
Liquid Capital: $250,000
Net Worth Requirement: $500,000
Franchise Fees: $49,500
Royalty: 7%
Training and Support: Available
Home Office: Homer Glen, IL
CEO: Roger McGreal
Investement Range $499,890 - $823,615
SPENGA is redefining fitness with its unique model that combines spin, strength, and yoga in one efficient 60-minute session. As an emerging leader in the boutique fitness industry, SPENGA offers a comprehensive workout that caters to all aspects of physical fitness, ensuring a balanced approach that enhances endurance, strength, and flexibility.
Why Choose SPENGA?
SPENGA is captivating the fitness community with its dynamic approach and comprehensive workout regime:
- Unique Triple-Threat Workout: SPENGA uniquely combines 20 minutes of spin, 20 minutes of strength training, and 20 minutes of yoga in every session, offering a complete workout that maximizes cardio, muscle strengthening, and flexibility in a single visit.
- Engaging and Community-Focused Experience: With DJ-inspired playlists, essential oils, and a vibrant atmosphere, SPENGA creates an energetic and supportive environment that motivates members to reach their fitness goals while enjoying the journey.
- High Member Retention: The variety and effectiveness of SPENGA sessions lead to high member engagement and retention, with the studio's "Sweet Spot" technology keeping members both challenged and immersed in their workouts.
- Proven Business Model: SPENGA’s business model is designed for success with a recurring revenue structure through memberships that offer 4, 8, or unlimited monthly sessions, and the potential for additional revenue through merchandise and special programs.
- Robust Franchise Support: SPENGA provides comprehensive support to its franchisees, including marketing, operational guidance, site selection, and a collaborative network, ensuring a smooth path to business growth and success.
Ideal Franchisee Profile
SPENGA seeks passionate entrepreneurs who are enthusiastic about fitness and community:
- Passionate about Fitness: Ideal candidates should have a strong passion for fitness and wellness, eager to spread the joy and benefits of a balanced workout routine.
- Strong Business Acumen: Prospective franchisees should possess a solid understanding of business operations and have the ability to manage and grow a successful studio.
- Community and Customer-Oriented: Candidates should be community-minded, with a focus on creating an inviting and supportive environment for all members.
- Financially Prepared: Franchisees should have the financial capacity to invest in the franchise, with a net worth of at least $500,000 and liquid capital of $250,000.
Searching for more information? Download the 2024 SPENGA FDD below.
This web page does not constitute a franchise offering or an offer to sell a franchise. A franchise offering can be made by the franchise only in a state if first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if provided with an appropriate franchise disclosure document.
