About Spenga

SPENGA is an unrivaled fitness experience. Unlike any studio of its kind, SPENGA combines three essential elements of fitness to create what’s simply known as the best workout ever. This unique concept delivers cardiovascular, strength, and flexibility training in every session. Through a combination of spin, strength, and yoga each workout is designed to improve endurance, strength, and flexibility.

Why a Spenga Franchise?

SPENGA is an unrivaled fitness experience.

Unlike any studio of its kind, SPENGA combines the three pillars of fitness: cardio, strength and flexibility into an all-in-one 60-minute workout. Through a combination of spin, strength and yoga, each workout is designed to improve endurance, strength and flexibility.

TRAINING & SUPPORT

WE ARE WITH YOU EVERY STEP OF THE WAY

– STAFF TRAINING
– STRATEGIC PLANNING
– MARKETING
– SITE SELECTION
– ARCHITECTURE & CONSTRUCTION
– RECRUITMENT

INVESTMENT

– FRANCHISE FEE*
$49,500

– INVESTMENT
$288,605 – $848,994

– PRE-OPENING MARKETING FUND
$20,000 – $30,000

– MINIMUM CAPITAL REQUIREMENTS
$250,000 LIQUID $500,000 NET

Company Founded

2014

Current Leadership

Roger McGreal, CEO

Started Franchising

2015 (6 years)

Total Number of Units

32 (as of 2020)

Part-Time / Full-Time

Full Time

How Much Does It Cost To Open A Spenga Franchise?

There are several costs associated with opening a Spenga franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.

Some franchises may have a weekly fee that the franchisee pays for operating a Spenga franchise. The weekly fee for opening a Spenga franchise is Royalty Fee Is Due By The 5Th Of Each Month Based On The Net Cash Generated By The Franchise For The Preceding Month.

The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Spenga Is Renewable) and does the franchise offer financing support (Spenga Spenga has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).

Spenga Company Details

Here are some additional details about Spenga.

Initial Investment $49,500
Net Worth Requirement $50,000 - $500,000
Veteran Incentives $5,000 off franchise fee
Royalty Fee 7%
Ad Royalty 2%
Cash Requirement $250,000
Term of Agreement 10 years
Absentee Ownership No
Run from Home No
Part Time No

Training and Support Offered By Spenga

Spenga offers several support options to its franchisees. With 32 (as of 2020) units, Spenga aims to provide support to each franchise owner to help them operate a successful franchise location. Spenga offers 66.5 hours on the job training, 22.5 hours classroom training, and No additional training.

Training and Support Offered

Here are the support options offered by Spenga.

On-The-Job Training 66.5 hours
Classroom Training 22.5 hours
Additional Training No
Ongoing Support
  • Purchasing Co-ops
  • Newsletter
  • Meetings & Conventions
  • Grand Opening
  • Online Support
  • Security & Safety Procedures
  • Lease Negotiation
  • Field Operations
  • Site Selection
  • Proprietary Software
Marketing Support
  • Co-op Advertising
  • Ad Templates
  • Regional Advertising
  • Social Media
  • SEO
  • Website Development
  • Email Marketing
  • Loyalty Program/App

Is Spenga Right For You?

Spenga has gone digital! Here are all of the ways you can find Spenga online. Oftentimes, you can reach out to current franchisees of Spenga online. Current franchisees may be able to offer personalized insights into what it is like owning a Spenga franchise and offer tips to running a successful Spenga franchise location.

Social

Why Should You Start a Spenga Franchise?

Investing in a Fitness franchise such as Spenga can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Spenga franchise and we'll be in touch soon!

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