Curves Franchise
Friday, April 30, 2010 at 05:41AM Women-only fitness center
At the age of 20, pre-med student Gary Heavin had taken over a failing fitness center in Houston, turning the business around and, within five years, opened six more centers. After 10 years and 17 centers, Heavin's business went under. Not wanting to give up, Heavin took lessons from the strengths and weaknesses of his first chain and decided to open a second. In 1992, Heavin opened Curves for Women, a women-only fitness center, in Harlingen, Texas. The company began franchising in 1995.
Start-up Costs & Franchises Fees
What is the total cost to open a Curves Franchises?
Total Cost: $36,400-$42,900
Total Franchise Fees: $39,900
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 5 years
Contact Information for Curves
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Curves |
Phone Number: (254)399-9285 |
Curves In the Press
No results at this time.Historical Expansion
In what year did Curves begin operations? 1992
When did Curves begin selling franchises? 1995
Year United States Canada International Corporate 2005 7860 726 800 0 2004 7044 641 324 0 2003 5205 498 130 0 2002 3130 295 21 0 2001 1742 109 6 0
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Training
At regional meetings (full day), convention (3 days), local events (1 day)
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Field support and site evaluation
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
50% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 2
Absentee ownership of franchise is allowed. (70% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Financially stable
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes