SPENGA Franchise FDD, Profits & Costs (2025)
SPENGA is a distinctive fitness franchise that integrates spin, strength training, and yoga into a comprehensive 60-minute workout aimed at delivering top-notch physical fitness.
Founded with a focus on blending these three crucial components of fitness—cardio, strength, and flexibility—SPENGA offers a unique approach in the fitness industry, distinguishing itself from other workout routines.
This integrated workout experience is aptly captured in its slogan, “Ride, Rep, Revive,” underscoring its commitment to a balanced fitness regimen.
Headquartered in Chicago, Illinois, SPENGA began franchising shortly after its establishment, propelled by the collective expertise of its founders who have significant experience in the fitness industry, dating back to 2003.
Initial Investment
How much does it cost to start a Spenga franchise? It costs on average between $480,000 – $790,000 to start a Spenga franchised studio.
These initial investment costs typically cover construction, fitness equipment, studio inventory, and initial operating expenses.
The specific amount varies based on factors like studio location, whether the franchisee chooses to lease or purchase the property, and any customizations made to meet local market needs and branding requirements. Spenga offers 2 types of franchises:
| Franchise Model | Initial Investment |
|---|---|
| Spenga Traditional Model | $552,267 to $789,595 |
| Spenga Single Combo Model | $480,280 to $566,143 |
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).
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $49,500 |
| Lease – Security Deposit | $5,425 – $19,966 |
| Lease Expenses – 3 Months | $0 – $59,898 |
| Leasehold Improvements | $379,829 – $469,656 |
| Fitness Equipment – Ongoing Payments | $13,031 – $15,706 |
| Other Equipment, Furniture, Fixtures, and Equipment | $7,832 – $12,669 |
| Grand Opening Marketing Expense and Pre-Opening Activity Expenses | $20,000 – $30,000 |
| Signage | $13,500 – $24,000 |
| Computer Hardware and Software | $4,000 – $6,000 |
| Opening Supplies | $1,700 – $2,100 |
| Insurance | $1,200 – $4,000 |
| Other Deposits | $1,000 – $2,000 |
| Professional Fees | $2,500 – $5,000 |
| Initial Training Expenses | $1,000 – $4,000 |
| Additional Permits, Approvals and Qualifications | $250 – $1,000 |
| Initial Inventory of Retail Items | $4,000 – $6,500 |
| Audio Video Package | $35,500 – $39,500 |
| Employee Recruiting | $2,000 – $7,500 |
| Construction Design and Review Compliance | $0 – $5,600 |
| Additional Funds – 3 Months | $10,000 – $25,000 |
| Total | $552,267 – $789,595 |
Average Revenue (AUV)
How much revenue can you make with a Spenga franchise? A Spenga franchised facility makes on average $562,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $401,000 yearly revenue for similar fitness studio franchises.
Download the Franchise Disclosure Document
Frequently Asked Questions
How many Spenga locations are there?
As of the latest data, SPENGA operates 50 locations across the United States. Out of these, 49 studios are franchise-owned, with one being owned by the company.
What is the total investment required to open a Spenga franchise?
The total investment required to open a Spenga franchise ranges from $480,000 to $790,000.
What are the ongoing fees for a Spenga franchise?
SPENGA franchisees pay an ongoing royalty fee, set at 7% of Net Cash In (NCI) or a minimum of $1,000 per month. Additionally, they contribute up to 2% of NCI to the Brand Development Fund for national marketing.
Franchisees are also required to spend between $3,000 and $4,000 monthly on local marketing to support membership growth in their area. These fees support both brand consistency and local market success.
What are the financial requirements to become a Spenga franchisee?
To qualify as a SPENGA franchisee, you are required to have a minimum net worth of $500,000 and at least $250,000 in liquid capital.
These financial thresholds ensure that franchisees possess the necessary resources to support the initial investment and ongoing operational expenses associated with establishing and running a SPENGA studio.
How much can a Spenga franchise owner expect to earn?
The average gross sales for a Spenga franchise are approximately $0.56 million per location. Assuming a 15% operating profit margin, $0.56 million yearly revenue can result in $84,000 EBITDA annually.
Who owns Spenga?
SPENGA is a privately held company. Founded in 2015, it operates under a franchise model, with numerous studios owned and managed by individual franchisees across various locations.
This structure allows local owners to bring SPENGA’s unique fitness experience to their communities while maintaining the brand’s core values and workout methodology.
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