Spenga
$250,000
$49,500
58
2015
Homer Glen,IL
Roger McGreal
Overview
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.
Franchise Unit Trends and Revenue
58
4
$583,450
* in 2023
Franchise Fees
$49,500
7.0%
Net Cash In
-
Why Choose Spenga?
- 300 Studios Sold.
- Top Franchise Concept.
- Top Ten Fastest Growing Brand.
- Average # of Members - 348 and highs of 448
- Average Revenue is over $500,000
- Recent monthly averages at $35,000 per month and highs >$60,000 per month
- Net Profit margins >25%
Full support from franchisor: location found, lease negotiated, space designed, employees and managers hired, etc.
Starting Costs and Investment Requirements
$288,605 - $858,138
$750,000
$250,000
Training and Support
Spenga provides initial training for managers and owners in Chicago as well as instructor training at the franchisee’s home location. There is also grand opening support and additional training. Spenga provides monthly advertising and sales assistance as well with on-going weekly/monthly support and field assistance. There is much more to the training and support which will be discussed during the discovery process.
History
The Spenga team saw a hole in the market with safe, results driven and effective workouts. With years of experience in the fitness and health industries the Spenga founders focused on a concept that provides exceptional support and training and providing members an effective and safe workout.
Ideal Candidate
- No Fitness experience required
- Strong Business Sense
- Leadership Skills
- Willingness to learn
- Passionate about Fitness
- Recognizes this is an experience driven concepts
