Pedal Pub franchise
2024 filing · May 16, 2024Shares sales figures
Pedal Pub at a glance
A party bike tour business running group rides on pedal-powered bikes. At the end of 2023 there were 21 Pedal Pub locations in the US, 20 franchised and 1 company-owned.
The business
- Industry
- Entertainment
- Franchisor
- PP Development, LLC
- The company that sells the franchises
- Franchisor based in
- St. Paul, Minnesota
What you pay
- Cost to open
- $115K–$281K
- Fee, build-out and opening working capital
- Franchise fee
- $39,900
- $19,900 in qualifying small markets.
- Royalty
- 8%
- The greater of 8% of gross revenues or a monthly minimum
- Brand fund
- Yes
- 2% of gross revenue, up to $1,000 a month
- Renewal fee
- See terms
- 50% of our then-current Initial Franchise Fee at the time of renewal.
- Agreement length
- 10 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 21
- Franchised and company-owned
- Franchised
- 20
- Company-owned
- 1
- States
- 12
- Most in Canada, Georgia and Florida
Support and records
From PP Development, LLC’s 2024 filing; revenue and net loss from its audited financial statements, page 164; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Pedal Pub among all franchises with the same figure.
| Figure | Pedal Pub | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $197,921 | Costs less than 70% of franchises |
| Franchise feePaid once, when you sign | $39,900 | Lower than 57% of franchises |
| RoyaltyShare of sales paid to the franchisor | 8% | Higher than 85% of brands with a set rate |
| US locationsFranchised and company-owned | 21 | More than 50% of franchises |
How much a Pedal Pub franchise costs
Opening one Pedal Pub costs an estimated $114,645 to $281,196. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are EQUIPMENT ($67,145 to $151,596) and ADDITIONAL FUNDS – 3 MONTHS ($15,000 to $50,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| INITIAL FRANCHISE FEE | $19,900 | $39,900 | |
| EQUIPMENT | $67,145 | $151,596 | |
| RENT | $500 | $6,500 | |
| MERCHANDISE | $500 | $2,000 | |
| SUPPLIES | $1,000 | $2,000 | |
| TRAVEL AND LIVING EXPENSES WHILE TRAINING | $1,000 | $3,000 | |
| TECHNOLOGY AND SOFTWARE EXPENSES | $2,100 | $5,200 | |
| OPENING ADVERTISING | $5,000 | $15,000 | |
| INSURANCE | $1,000 | $2,000 | |
| LEGAL AND ACCOUNTING | $1,000 | $3,000 | |
| BUSINESS LICENSES AND PERMITS | $500 | $1,000 | |
| ADDITIONAL FUNDS – 3 MONTHS | $15,000 | $50,000 | |
| Total | $114,645 | $281,196 |
Source: PP Development, LLC, 2024 filing, page 25
Pedal Pub franchise fee
The franchise fee is $39,900, $19,900 in qualifying small markets.. You pay it when you sign the franchise agreement.
Source: PP Development, LLC, 2024 filing, page 14
Royalty and ongoing fees
| Royalty | The greater of 8% of gross revenues or a monthly minimum. |
|---|---|
| Brand or marketing fund | 2% of gross revenue, up to $1,000 a month. |
| Monthly Digital Fee | Currently, $1,000 per month. |
| Renewal Fee | 50% of our then-current Initial Franchise Fee at the time of renewal. |
| Additional Assistance or Additional Training | $500 to $1,500 per day per person plus expenses at our discretion. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: PP Development, LLC, 2024 filing, pages 18 and 19
Other fees as filed, from pages 20–21. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Pedal Pub publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: PP Development, LLC, 2024 filing, page 53
SBA loans to Pedal Pub franchisees
Lenders approved 7 SBA 7(a) loans for Pedal Pub franchisees from 2022 to 2024, $1.06M in all. One was charged off; none has been paid in full. The other 6 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Pedal Pub compares
Of the 168 entertainment franchises on this site, Pedal Pub is the 36th cheapest to open and the 47th largest by number of locations.
| Figure | Pedal Pub | Typical entertainment brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $115K | $286K | $222K |
| Cost to open, high end | $281K | $598K | $477K |
| Franchise fee | $40K | $45K | $40K |
| Royalty | 8% | 6% | 6% |
| US locations | 21 | 8 | 21 |
| Change in franchised locations, 0 yrs | +66.7% | +32.5% | – |
| Shares earnings figures | Yes | 113 of 168 | 2,147 of 3,352 |
Typical is the median across the 168 brands in entertainment franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2020 | 12 (−1) | 1 |
| 2021 | 16 (+4) | 1 |
| 2022 | 20 (+4) | 1 |
| 2023 | 20 (0) | 1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Over 4 years, from the start of 2020 to the end of 2023, franchised locations went from 13 to 20 (+7, +54%). The earlier years come from the brand's 2023 filing.
Source: PP Development, LLC, 2024 filing, page 56
2020: PP Development, LLC, 2023 filing, page 56
Where Pedal Pub locations are
At the end of 2023, Pedal Pub had locations in 12 states. The most are in Canada, Georgia and Florida.
- Canada5
- Georgia3
- Florida2
- North Carolina2
- Texas2
- Indiana1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Canada | 5 | 0 | 5 |
| Georgia | 3 | 0 | 3 |
| Florida | 2 | 0 | 2 |
| North Carolina | 2 | 0 | 2 |
| Texas | 2 | 0 | 2 |
| Indiana | 1 | 0 | 1 |
| Iowa | 1 | 0 | 1 |
| Louisiana | 1 | 0 | 1 |
| Minnesota | 0 | 1 | 1 |
| Missouri | 1 | 0 | 1 |
Source: PP Development, LLC, 2024 filing, page 57
Who owns Pedal Pub?
Pedal Pub franchises are sold by PP Development, LLC.
From PP Development, LLC’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 13–14. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: PP Development, LLC, 2024 filing, litigation on pages 13–14, bankruptcy on page 14
Pedal Pub filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from PP Development, LLC’s 2024 filing, issued May 16, 2024; the earlier ones below are on record with the Minnesota Department of Commerce and the NASAA Electronic Filing Depository and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | May 16, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
| 2023 filing | May 18, 2023 | NASAA depository | Locations, 2020 |
Each link opens the filing as a PDF. See the newest filings across all brands.
