SPENGA
A fitness training studio offering instructor-led workouts that combine spin, strength, and yoga to provide cardiovascular, strength, and flexibility training, along with related merchandise and supplies from a commercial studio location.
Your franchise match score
Health & Wellness
Brand super powers
Unparalleled Workout Experience
Comprehensive Training & Support
Recurring Revenue Model
Streamlined Operations
Proven Franchise System
Brand highlights
- CEORoger McGreal
- Headquarters13161 W 143rd Street, Homer Glen, IL, 60491
- Year founded2015
- Year started franchising2015
- IndustryHealth & Wellness
- Locations open11 (+10 last three years)
Statistics & metrics
- Investment range$355,932 - $699,420
- Franchise fee$49,500
- RoyaltyThe greater of: (i) 6% of the “Net Cash In” generated by your Studio over a given reporting period; or (ii) royalty payment of $500 per month (the “Minimum Royalty”).
- Brand fundUp to 2% of the NCI generated from your Studio (your “Fund Contribution”) Currently, however, we do not collect any Fund Contribution.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Health & Wellness industry:
Beyond fitness, the health and wellness industry covers medical spas, nutrition centers, and senior care. This broad sector is driven by an aging population and increased health consciousness.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2019-04-18
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about SPENGA, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of SPENGA's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving SPENGA, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a SPENGA franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information SPENGA provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 11 |
| Franchise locations | 10 |
| Corporate locations | 1 |
System growth over time
FAQs
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