As of what date were the franchise agreements for CycleBar Studios signed before the reorganization assigned to CycleBar Franchising SPV, LLC, an affiliate of Bft?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Our affiliate, CycleBar Franchising SPV, LLC ("CB SPV"), a Delaware limited liability company, has offered franchises for indoor cycling studios under the CYCLEBAR® trademark ("CycleBar Studios") since April 2023. Our affiliate, and predecessor to CB SPV, CycleBar Franchising, LLC ("CB"), an Ohio limited liability company, previously offered franchises for CycleBar Studios from January 2015 through March 2023. The franchise agreements, area development agreements, and certain other agreements related to CycleBar Studios that were signed by CB before the Reorganization were assigned to CB SPV as of December 31, 2023. As of December 31, 2024, there were 189 franchised CycleBar Studios in operation.
Source: Item 1 — THE FRANCHISOR, ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–12)
What This Means (2025 FDD)
According to the 2025 Bft Franchise Disclosure Document, franchise agreements for CycleBar Studios signed before the reorganization were assigned to CycleBar Franchising SPV, LLC as of December 31, 2023. These agreements include franchise agreements, area development agreements, and certain other agreements related to CycleBar Studios. The predecessor to CycleBar Franchising SPV, LLC, CycleBar Franchising, LLC, offered franchises from January 2015 through March 2023. CycleBar Franchising SPV, LLC has been offering franchises since April 2023.
This means that if you are considering a CycleBar franchise, any agreements signed before the specified date are now under the purview of CycleBar Franchising SPV, LLC. As of December 31, 2024, there were 189 franchised CycleBar Studios in operation.
This reorganization and assignment of agreements is a common practice in franchising, especially when a brand is part of a larger portfolio like Xponential Fitness. It's important for prospective franchisees to understand which entity they are contracting with and how previous agreements have been transferred. This also highlights the growth and changes within the Xponential Fitness brand portfolio.