World Franchise Associates - Building Franchise Business Worldwide

« BACK TO NEWS

Cyclebar (US) Plans Major UK Investment

23 Aug 2017 - American indoor cycling franchise CycleBar is plotting to expand its international reach as it eyes an entry into the UK market. The company is understood to be on the hunt for at least 50 locations, mostly outside London.

The rapidly growing cycling franchise has nearly 100 franchised studios and aims to reach 150 by the end of the year, with over 200 additional locations in development. The company signed a deal to open its first studios in the UAE last year, and has also set its sights on on Southeast Asia and Central America for additional international expansion.

According to Property Week, the UK is also set to welcome the premium indoor cycling boutique, but Central London would not be a major focus.

Instead, the brand is targeting edge-of-town sites and retail parks, with some of the first sites likely to be locations around the M25. There are also potential franchisees in Manchester and Northern Ireland.

The first studio could open as early as the end of this year, as CycleBar said it is currently in negotiations on three sites.

The market entry is likely to boost the cycling craze further and possible impact cycling clothing brands favourably.


Fashion Network

« BACK TO NEWS

FranSpeak

Subscribe to FranSpeak and receive free, monthly news and features about international franchising.

f

International Franchise News.International Franchise News.

© World Franchise Associates Ltd 2016. All rights reserved. info@worldfranchiseassociates.com
UK Company No. 6203737. 26 York Street, London, W1U 6PZ. +44 (0) 8446 698 980

Disclaimer: World Franchise Associates Ltd. is a privately owned limited liability company specializing in international franchise development and advisory services.
World Franchise Associates is not an NGO or franchise association and is not affiliated in any way with the World Franchise Council.
World Franchise Associates is a member of the International Franchise Association. Member of the IFA International Committee and
Member of the Advisory Council for the Global Restaurant Leadership Conference.