SPENGA- Spin, Strength, Yoga- Pedals through 2016 with 35 Signed Agreements

CHICAGO (July 19, 2016) — SPENGA, a Chicago-based boutique fitness concept that combines the three essential elements of fitness – cardiovascular, strength and flexibility – is closing out the first half of 2016 with impressive mid-year growth marks.

Most notably, the franchise signed a multi-unit agreement to open its first location in Chicago proper. The recently signed 10-store deal includes four Chicago suburb locations in Evanston, Harwood Heights, Oak Lawn and Park Ridge, as well as six locations in the Andersonville, Lakeview, Ravenswood, Roscoe Village, South Loop and West Loop neighborhoods of Chicago. The brand expects one of these units to be in operation by November 2016 and three more to open by year end 2017.

“We’ve experienced exponential growth in the Chicagoland area since beginning to franchise the brand less than a year ago in November 2015,” stated Scott Nichols, Senior Vice President, Franchise Development of SPENGA. “Our growth strategy has been primarily focused in major markets across the Midwest and we’re eager for Chicago community members to get in our studios to ride, rep and revive their way to healthier lifestyles.”

The first half of 2016 additionally brought the opening of SPENGA’s second location in Downers Grove, Ill. Located at 5216 Main Street, the location had its soft opening July 15 and will be hosting a grand opening celebration in early August. Currently, the franchise has two locations open and seven units under various stages of development. By year’s end, SPENGA expects to have 55 to 60 new franchise agreements signed to reach the goal of having 135 to 150 locations in various stages of development by 2019.

SPENGA is an emerging concept delivering cardiovascular, strength and flexibility training in every session through a combination of spin, strength training and yoga. With space dedicated to each element, each studio is complete with energizing aromatherapy from essential oils and a DJ-inspired playlist—providing a multi-sensory experience unparalleled in the market. Skilled personal trainers lead each session, beginning with 20 minutes of spin, followed by 20 minutes of strength training and finishing with 20 minutes of yoga.

A low-cost investment in the fitness industry, franchisees can expect an investment ranging from $182,050 to $499,100. SPENGA locations have flexible real-estate requirements in the 4,000 to 4,800 square foot range. Interested parties should have a strong desire to own a business, as well as a passion for health, wellness and success.

About SPENGA

SPENGA is a boutique fitness concept providing an unrivaled experience in the industry. Unlike any studio of its kind, SPENGA combines three essential elements of fitness to create what’s simply known as the best workout ever. Each session is structured to include 20 minutes of spin, 20 minutes of strength training and 20 minutes of yoga to improve endurance, strength and flexibility. Founded in March 2015, SPENGA has two locations operating in Downers Grove and Mokena, Ill. and five units under development across Illinois and Virginia. Offering an attractive investment opportunity in the fitness industry, SPENGA is seeking franchise partners to develop the brand nationwide.

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