Spenga

a Franchise Fastlane company

SPENGA is an unrivaled fitness experience. Unlike any studio of its kind, SPENGA combines three essential elements of fitness to create what is simply known as the best workout ever. Our unique concept delivers a combination of spin, strength, and yoga in every 60-minute session, and is designed to help improve endurance, strength, and flexibility.

Categories: Fitness, Sports & Recreation

Concept Description

SPENGA is the NEXT BIG BUSINESS in fitness. SPENGA offers a 60-minute workout separated into three components. 20 minutes for each Spin, Strength and Yoga. By using three separate workouts in one 60-minute timeframe, SPENGA clients stay more motivated and have more fun than other concepts that offer a singular training method for the full 60 minutes.

 

 

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 an 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.

Unit Option

Single, Multiple

Background

FDD Franchised Units: 49

Corporate Owned Units: 1

Projected New Units: 4

Year Established: 2015

First Year Franchised: 2015

Type of Business: Franchise

Number of Employees: Medium (6-20)

History:

**337 TERRITORIES AWARDED TO DATE!!!**

SPENGA is the NEXT BIG BUSINESS in fitness. SPENGA offers a 60-minute workout separated into three components. 20 minutes for each Spin, Strength and Yoga. By using three separate workouts in one 60-minute time frame, SPENGA clients stay more motivated and have more fun than other concepts that offer a singular training method for the full 60 minutes.

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 multi-sensory 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 an 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.

 

Availability

var states = {"al":"#30917F","az":"#30917F","ar":"#30917F","co":"#c0ded8","ct":"#30917F","de":"#30917F","dc":"#30917F","fl":"#30917F","ga":"#30917F","id":"#30917F","in":"#30917F","ia":"#30917F","ks":"#30917F","ky":"#30917F","la":"#30917F","me":"#30917F","ma":"#30917F","ms":"#30917F","mo":"#30917F","mt":"#30917F","ne":"#c0ded8","nv":"#30917F","nh":"#30917F","nj":"#30917F","nm":"#30917F","ny":"#30917F","nc":"#c0ded8","oh":"#30917F","ok":"#30917F","or":"#30917F","pa":"#30917F","sc":"#30917F","tn":"#30917F","tx":"#30917F","ut":"#30917F","vt":"#30917F","wv":"#30917F","wi":"#30917F","wy":"#30917F"}; setTimeout( function() { jQuery( '#vmapusa' ).vectorMap( { map : 'usa_en', backgroundColor: null, color : '#F8F7F4', enableZoom : false, showTooltip : true, selectedColor : null, hoverColor : null, borderColor : '#deddd8', borderOpacity : 1, borderWidth : 1, colors : states, onRegionClick : function ( event, code, region ) { event.preventDefault(); } } ); }, 2000 );

Not Available
Available
Focus

Territories: United States

Financials

Liquidity: $250,000

*Investment Range: $552,267 - $823,615

Minimum Net Worth: $250,001, to $500,000

Franchise Fee: $49,500

Royalty: 7%

Royalty Description: 7% of the “Net Cash In” generated by your Studio over a given reporting period; or (ii) royalty payment of $1,000 per month, whichever is greater.

Advertising: Local: Minimum $3,000 to $4,000 monthly

National Advertising: Up to 2% of the NCI generated from your studio (your “Fund Contribution”) but currently we do not collect any Fund Contribution.

Passive Ownership: Semi- passive at onset (they can hire a manager to run business)
Passive Ownership means the owner is working 15 hours or less per week in the business.

Training, Support and Assistance

Co-Operative Advertising: N/A

Site Selection Assistance: Available

Lease Negotiation Assistance: N/A

Length of Training: 3 Days Sales & Ops Training; 3-4 Day Instructor Audition & Training; Ongoing, routine monthly training + sales coaching

Training Description:

  • On-going weekly/monthly support and field assistance
  • Monthly advertising and sales assistance
  • Central purchasing
  • Monthly Marketing Guidance
  • Monthly Sales Assistance
  • Continued Instructor Training
  • Field Support
  • Retail Support and Products
  • Recruiting Tools & Support
  • Daily Fitness Programming
  • Monthly Event and Community Outreach Guidance and Planning

Operational and Marketing Tools:

Marketing support through marketing partners

  • Targeted and geo-targeting efforts

Financing Assistance: N/A

Interested in this Concept? Unlock it with the form below.

Presented By:

Brett Ethridge

Legacy Franchise Solutions, LLC

Avatar photo