Purvelo FDD – Franchise Information, Costs and Fees
Type of Business
The franchise offered is for the establishment and operation of businesses that provide a cycle studio model offering spin and other fitness class offerings.
Corporate Information
Purvelo Franchising, LLC is a limited liability company formed in the State of Virginia on May 23, 2022. Their principal place of business is 1000 W. Main Street, Charlottesville, VA 22903. They began offering Purvelo Franchised Businesses in September 2022.
Investment
The total investment necessary to begin operation of a PURVELO franchise is $358,920 to $458,320. This includes $65,000 that must be paid to the franchisor or affiliate.
The total investment necessary to operate multiple Studios under our form of area development agreement depends on the number of franchises the franchisor grants you the right to open. The total investment necessary to enter into a development agreement for the right to develop three Studios is
$433,920 to $533,320 which includes $140,000 that is paid to the franchisor or their affiliates prior to opening your first Studio.
