SPENGA Claimed
SPENGA Franchise For Sale
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.
Franchise Background
Franchised Units: 300+
Company Owned Units: 1
Registered: Non-registration states, IN, MI, RI & WI
Not accepting leads: AK, CA, IL & VA
Canada Franchises: No
International Franchises: No
Financial Terms
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
Support & 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
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
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