FBA Broker Lands 4-Pack SPENGA Deal Expanding the “Best Workout Ever” Across Denver

FBA-Broker-closes-another-4-pack-SPENGA-franchise-deal

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Ride. Rep. Revive.  That’s the SPENGA experience.  If you haven’t had a chance to experience the SPENGA workout yet, you are missing out. It’s a workout like no other combining cardio, strength, and stretching all in one 60-minute session.

And that’s what hooked Laura Michaud and Rachel Michaud, the dynamic mother-daughter duo that will be bringing four new SPENGA locations to the Denver metropolitan area.

FBA Broker, Stacie Shannon (Fusion Franchising), met Laura in December when Laura was just beginning her franchise search and had expressed interest in SPENGA.  Laura regularly visited her local Chicago SPENGA franchise and knew this was a concept that she could be passionate about given her love for the workout, but needed to understand the business model and leadership team that was behind the brand.

That’s when Carin Skowronsky and Nicole Bukacek from Franchise Fastlane came in to the picture to assist Laura & Rachel through the SPENGA discovery process.  Stacie shared that “Carin & Nicole were amazing to work with and assisted Laura & Rachel every step of the way through the process.  Not only did they address all of Laura & Rachel’s questions and concerns, they kept me 100% involved in the process every step of the way.  As a franchise broker, this does not always occur and when it does, it makes you take a step back and appreciate the professionalism that the Franchise Fastlane team exhibited.  I truly felt we were working as a “team” to get Laura & Rachel to finish line”. 

What truly sealed the deal for Rachel & Laura was their experience with the SPENGA team at Discovery Day in Chicago.  Having the ability to meet the owners of SPENGA, collaborate with other prospective franchisees, and gain a deeper level of appreciation of the brand was vital to Rachel & Laura’s decision making process.  Laura was deeply impressed by the professionalism the team exhibited and how they had “thought of everything”.  And likewise, the SPENGA team was mutually impressed with this dynamic mother-daughter duo and hoped that they would join the SPENGA family.

And that’s exactly what they did.  On May 24th, Laura & Rachel Michaud became the newest franchisees of the SPENGA family and will be bringing 4 SPENGA locations to the Denver area.  So watch out Denver, things are about to heat up in your city!  And congratulations Laura & Rachel – we are thrilled for you.

About the SPENGA franchise opportunity:

With over 100 locations sold to date and one of the fastest growing boutique studio franchises available today, SPENGA’s unique concept has been designed to give its clientele base their “Best. Workout. Ever”.  

SPENGA’s custom workouts deliver a combination of spin, strength, and yoga in every 60-minute session, and is designed to help improve endurance, strength, and flexibility. Not only that, but their music selections are custom DJ inspired playlists to keep you motivated throughout each segment of your workout.

The SPENGA Workout: So let’s break-down the SPENGA “WERK-out”.  It consists of three 20-min segments of spin, strength, & yoga.

Ride it like you stole it….this is the “ride” part.  SPENGA has recently introduced performance tracking software that allows each client to find their “sweet spot”.  What does that mean? Well, it works like this.  Each client performs a 2-min personal threshold test, pushing it as hard as they can, to establish their “sweet spot”. Once the “sweet spot” is established, the client then tracks their workout against that “sweet spot” for each spin class in the given month.  This sweet spot holds one’s accountability and is displayed on a screen so you know how hard you should be working at any given time during class.

No one ever drowned in sweat… this is the “rep” part.   So this is where you focus on 20-mins of circuit style HIIT strength training.  20-seconds on and 20 seconds off.  And this continues the full 20-min portion of strength.  If a client is a regular, each day a new strength workout is given so boredom and repetition is not a concern.  Instructors are provided the workouts by SPENGAs corporate office; each has been professionally designed so no matter which SPENGA you visit in the U.S., they will be doing the same workout!

No one ever drowned in sweat… this is the “rep” part.   So this is where you focus on 20-mins of circuit style HIIT strength training.  20-seconds on and 20 seconds off.  And this continues the full 20-min portion of strength.  If a client is a regular, each day a new strength workout is given so boredom and repetition is not a concern.  Instructors are provided the workouts by SPENGAs corporate office; each has been professionally designed so no matter which SPENGA you visit in the U.S., they will be doing the same workout!

So what does the ideal SPENGA franchise owner look like? 

SPENGA is looking for leaders & visionaries. Prospects that have strong leadership skills and a willingness to learn. Fitness experience is not a requirement, but having a passion for fitness is a plus.  Owner involvement can range from 100% involved to passive ownership; it’s up to the owner.

Minimum financial requirements include $150k liquid cash and a $350k minimum net worth.  Total investment range:  $385k – $698k

If you are interested in learning more about the SPENGA franchise concept, contact the FBA today at 888-317-7429.

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