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What to Expect On the Path to Becoming a Studio Owner
Are you considering studio ownership and curious what the process to become a barre3 studio owner entails? You’re in the right place. Read on to learn more about each step of the journey and then submit your inquiry to get started.
Here at barre3, we have a dedicated franchise development team that guides you through an exciting and thoughtful step-by-step process on the road to signing a barre3 Franchise Agreement (FA). We call this the “owner discovery process,” which begins with your very first call with the franchise development manager and ends the day you sign your FA. The entire process from first call to FA signing typically takes between 4-12 weeks, though, ultimately, the timeline is at the discretion of each individual.
Each person’s “studio owner discovery journey” is unique, yet there are several common milestones along the way; the barre3 team supports and guides you at every turn. Let’s dive in deeper!
Step 1: Initial Inquiry Call
Scheduling a quick, 15-minute Initial Inquiry Call is the first step in the studio owner discovery process, which takes place after you submit your inquiry form. If you are pre-qualified for studio ownership*, you’ll receive an email and text message (if opted-in) from a franchise development manager with a link to their calendar. The purpose of the initial call is to meet the franchise development manager — your trusted guide — and share what’s inspiring you to consider studio ownership at this time.
Before this first call, you’ll receive an email from us prompting you to complete your Personal Profile. The information you share within this profile will help the franchise development manager prepare for the call so you can make the most of your time together.
Together, you will determine what your next steps should be, and whether you are ready to move on to step two.
*Note: to be pre-qualified for barre3 studio ownership, you must have at least $100,000 in liquid capital, and your market of interest must be available. The franchise development manager will help you ensure you meet these qualifications before the first meeting.
Step 2: Brand Discovery Call
Your second step is the Brand Discovery call. During this one-hour meeting, a franchise development manager will dive deeper into the brand, the franchise system, and what is expected of you as a barre3 franchisee. There will be ample time for your questions.
At the end of the Brand Discovery call, if you mutually decide to move forward, the franchise development manager will send you a copy of the barre3 Franchise Disclosure Document (FDD). The FDD is a large document that outlines barre3’s franchising program in legal terms and provides financial data. You will also schedule your next FDD call.
Step 3: Review the Franchise Disclosure Document on Your Own
It’s time to review the FDD! Make sure to take note of questions to review with the barre3 franchise development manager at your next meeting. Most individuals also choose to review the FDD alongside a trusted legal source.
Step 4: Franchise Disclosure Document Review Call
Your third call with the franchise development team will review the most important parts of the FDD and ensure mutual understanding, as well as answer your questions.
Step 5: Submit an Official Franchise Application
Your next step is to submit a free, non-binding barre3 Franchise Application. As part of the application, we’ll ask for a copy of your resume and a snapshot of your finances. You’ll also be asked to provide more details about your market of interest, your overarching business goals, professional background, and leadership experience.
Step 6: Financing, Market Research & Studio Owner Validation
Once your application is approved, you will start to work on securing lending for your studio. Many individuals choose to work with our preferred lender, ApplePie Capital, but you can use any lender you like. You can also speak with the Franchise Sales Manager about financial requirements for studio ownership.
Individual market research is another important component of the process. Barre3 invests in a comprehensive modeling system to help identify viable markets for growth, which will complement your knowledge of the market. You’ll review the data with the franchise development manager and identify what is called a “search area” for your studio. The search area is the boundary within which you’ll place your studio.
Finally, the franchise development manager will provide you with a list of current studio owners who have volunteered to meet with prospective studio owners like yourself. You’ll schedule short, 15-minute calls with studio owners to ask questions and learn about their experience as franchisees.
Note: These studio owners have self-identified as having the capacity to help our franchise candidates at this stage of the process. However, the full list of franchisees can be found in the FDD.
Step 7: Create Your barre3 Business Plan
You’re nearing the end of the process! The franchise development manager will send instructions for creating your own barre3 business plan. Once you create your plan and review it with the franchise development manager, you will formally present the business plan to the barre3 leadership team – this includes the President and SVP of Franchise Operations. The barre3 team will ask questions after you present your plan, and, importantly, there will be time for you to ask the barre3 team your own questions.
Step 8: Attend Partnership Day
The final step of the owner discovery process is to attend Partnership Day. This milestone day serves as a chance to visit Portland, Oregon to meet the franchise team in person, take class together in-studio, and be inspired. If traveling to Portland is not an option, we are happy to host you virtually — though nothing can replace the excitement of an in-person visit.
Step 9: Sign Your Franchise Agreement
Once you are ready to take the exciting final step, we’ll schedule your Franchise Agreement signing date, which will take place anywhere from 24 hours to two weeks after Partnership Day.
As soon as you sign the FA, you are officially a barre3 studio owner — congratulations! At this point, we will facilitate a smooth transition to the barre3 new studio development team so you can begin the exciting work of developing your studio and your local team. Generally, within 9-14 months of signing the FA your beautiful new barre3 studio will be open, and you’ll benefit from the wraparound support the barre3 Support Center offers to all studio owners.
Your Next Steps
Now that you know what the studio owner discovery journey entails, let’s dive in! Click here to submit your inquiry form to begin the conversation with the Franchise Expansion team. We can’t wait to meet you and support your dream of studio ownership, together.
Are you considering studio ownership and curious what the process to become a barre3 studio owner entails? You’re in the right place. Read on to learn more about each step of the journey and then submit your inquiry to get started.
Here at barre3, we have a dedicated franchise development team that guides you through an exciting and thoughtful step-by-step process on the road to signing a barre3 Franchise Agreement (FA). We call this the “owner discovery process,” which begins with your very first call with the franchise development manager and ends the day you sign your FA. The entire process from first call to FA signing typically takes between 4-12 weeks, though, ultimately, the timeline is at the discretion of each individual.
Each person’s “studio owner discovery journey” is unique, yet there are several common milestones along the way; the barre3 team supports and guides you at every turn. Let’s dive in deeper!
Step 1: Initial Inquiry Call
Scheduling a quick, 15-minute Initial Inquiry Call is the first step in the studio owner discovery process, which takes place after you submit your inquiry form. If you are pre-qualified for studio ownership*, you’ll receive an email and text message (if opted-in) from a franchise development manager with a link to their calendar. The purpose of the initial call is to meet the franchise development manager — your trusted guide — and share what’s inspiring you to consider studio ownership at this time.
Before this first call, you’ll receive an email from us prompting you to complete your Personal Profile. The information you share within this profile will help the franchise development manager prepare for the call so you can make the most of your time together.
Together, you will determine what your next steps should be, and whether you are ready to move on to step two.
*Note: to be pre-qualified for barre3 studio ownership, you must have at least $100,000 in liquid capital, and your market of interest must be available. The franchise development manager will help you ensure you meet these qualifications before the first meeting.
Step 2: Brand Discovery Call
Your second step is the Brand Discovery call. During this one-hour meeting, a franchise development manager will dive deeper into the brand, the franchise system, and what is expected of you as a barre3 franchisee. There will be ample time for your questions.
At the end of the Brand Discovery call, if you mutually decide to move forward, the franchise development manager will send you a copy of the barre3 Franchise Disclosure Document (FDD). The FDD is a large document that outlines barre3’s franchising program in legal terms and provides financial data. You will also schedule your next FDD call.
Step 3: Review the Franchise Disclosure Document on Your Own
It’s time to review the FDD! Make sure to take note of questions to review with the barre3 franchise development manager at your next meeting. Most individuals also choose to review the FDD alongside a trusted legal source.
Step 4: Franchise Disclosure Document Review Call
Your third call with the franchise development team will review the most important parts of the FDD and ensure mutual understanding, as well as answer your questions.
Step 5: Submit an Official Franchise Application
Your next step is to submit a free, non-binding barre3 Franchise Application. As part of the application, we’ll ask for a copy of your resume and a snapshot of your finances. You’ll also be asked to provide more details about your market of interest, your overarching business goals, professional background, and leadership experience.
Step 6: Financing, Market Research & Studio Owner Validation
Once your application is approved, you will start to work on securing lending for your studio. Many individuals choose to work with our preferred lender, ApplePie Capital, but you can use any lender you like. You can also speak with the Franchise Sales Manager about financial requirements for studio ownership.
Individual market research is another important component of the process. Barre3 invests in a comprehensive modeling system to help identify viable markets for growth, which will complement your knowledge of the market. You’ll review the data with the franchise development manager and identify what is called a “search area” for your studio. The search area is the boundary within which you’ll place your studio.
Finally, the franchise development manager will provide you with a list of current studio owners who have volunteered to meet with prospective studio owners like yourself. You’ll schedule short, 15-minute calls with studio owners to ask questions and learn about their experience as franchisees.
Note: These studio owners have self-identified as having the capacity to help our franchise candidates at this stage of the process. However, the full list of franchisees can be found in the FDD.
Step 7: Create Your barre3 Business Plan
You’re nearing the end of the process! The franchise development manager will send instructions for creating your own barre3 business plan. Once you create your plan and review it with the franchise development manager, you will formally present the business plan to the barre3 leadership team – this includes the President and SVP of Franchise Operations. The barre3 team will ask questions after you present your plan, and, importantly, there will be time for you to ask the barre3 team your own questions.
Step 8: Attend Partnership Day
The final step of the owner discovery process is to attend Partnership Day. This milestone day serves as a chance to visit Portland, Oregon to meet the franchise team in person, take class together in-studio, and be inspired. If traveling to Portland is not an option, we are happy to host you virtually — though nothing can replace the excitement of an in-person visit.
Step 9: Sign Your Franchise Agreement
Once you are ready to take the exciting final step, we’ll schedule your Franchise Agreement signing date, which will take place anywhere from 24 hours to two weeks after Partnership Day.
As soon as you sign the FA, you are officially a barre3 studio owner — congratulations! At this point, we will facilitate a smooth transition to the barre3 new studio development team so you can begin the exciting work of developing your studio and your local team. Generally, within 9-14 months of signing the FA your beautiful new barre3 studio will be open, and you’ll benefit from the wraparound support the barre3 Support Center offers to all studio owners.
Your Next Steps
Now that you know what the studio owner discovery journey entails, let’s dive in! Click here to submit your inquiry form to begin the conversation with the Franchise Expansion team. We can’t wait to meet you and support your dream of studio ownership, together.
