KEY FRANCHISE STATS
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$562,000
SPENGA is a fitness studio chain based in Homer Glen, Illinois, centered around the three core elements of spin, strength, and yoga.
Established in 2014, this fitness franchise follows the principles of ride, represent, and relieve, aiming to foster both mental and physical development for its members. SPENGA’s 60-minute workout sessions blend heart-pumping spin, high-intensity interval training (HIIT), and full-body yoga to enhance endurance, strength, and flexibility.
By integrating these three distinct workouts into a single session, SPENGA offers members the convenience and motivation of a comprehensive fitness regime without the need to visit multiple gyms.
The chain began franchising in 2015 and has received recognition for its innovative approach to fitness. SPENGA studios feature a modern, inviting atmosphere with state-of-the-art equipment, ensuring an exceptional experience for members.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
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Spenga offers 2 types of franchises:
We are summarizing below the main costs associated with opening a Spenga Traditional Model.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
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Franchisees undergo a comprehensive initial training program at SPENGA's corporate headquarters or another designated training facility. This Corporate Initial Training is mandatory and must be completed before the franchise business opens.
In addition to in-person training, there is a Remote Initial Training component, which may include phone calls, webinars, and other remote learning methods.
On-Site Support and Instructor Training SPENGA also provides Initial On-Site Assistance to franchisees, including Instructor Training. Prospective studio instructors must participate in this training and successfully demonstrate their ability to deliver the approved services in a studio environment.
Training for Multi-Unit Owners Franchisees who own multiple units and have completed Corporate Initial Training for two other studios may have certain training requirements waived at the franchisor's discretion. In such cases, the franchisor may not provide the same level of initial training or on-site assistance.
SPENGA does not offer territory protection to its franchisees, meaning franchisees do not have exclusive rights to operate within a specific geographic area. As a result, franchisees may face competition from other SPENGA locations, whether they are franchise-owned or company-owned, within close proximity.
The lack of territory protection allows SPENGA to expand its brand presence more freely, potentially opening new studios in nearby areas based on market demand and strategic growth plans. This policy encourages franchisees to focus on delivering high-quality services and building strong customer relationships to maintain a competitive edge.
KEY FRANCHISE STATS
All you need to know about this franchise
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