SPENGA

Brand Summary

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 $186k, as well as average, high, medium, and low stats for membership, lead volume, membership rates and NCI increases.

Brand Superpowers

Unique workout experience with premier technology systems

Semi-absentee operations

Recurring revenue model

Simplicity of operations

Proven Franchisor leadership with fitness experience

*THE NUMBERS

$287,077 - $861,122 Investment Range
$186,422 (31.95%) Total NC1 Less Total of Disclosed Costs and Expenses
N/A Other Revenue
7% Royalty
0% - 2% Brand Fund
$500,000 Financial Requirements
FounderRoger McGreal
Home Office LocationHomer Glen, IL
Company Founded2015
Began Franchising2016
IndustryFitness
Industry Size$34 Billion
Veteran Discount$5,000 off first unit franchise fee
Group Health InsuranceNo

FREQUENTLY ASKED QUESTIONS

DO THEY OFFER FINANCING TO HELP BUY THE FRANCHISE?

3rd Party Recommendations

WHAT KIND OF TECHNOLOGY DO THEY HAVE IN PLACE?

Job Management, Scheduling, CRM, Inventory Management, Billing and Logistics

CAN OWNERS WORK THE BUSINESS SEMI-ABSENTEE?

Yes

DO THEY OFFER A DISCOUNT TO VETERANS?

$5,000 off first unit franchise fee

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*REFER TO MOST RECENT FRANCHISE DISCLOSURE DOCUMENT ITEM 19. THIS INFORMATION MAY HAVE CHANGED SINCE FIRST PUBLISHED. WE RECOMMEND THAT YOU ALWAYS VERIFY FEES, INVESTMENT AMOUNTS, AND OFFERS FOR THE FRANCHISE OPPORTUNITY DIRECTLY WITH THE FRANCHISOR PRIOR TO DECIDING TO INVEST.