How much curves franchise cost
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Special promotions and coupons are frequently available. Since each location is independently owned and operated, rates vary by location. In , Gary Heavin and his wife Diane opened the first Curves, which was an immediate hit with women looking for an efficient workout in a comfortable environment. They began franchising in , and by the end of that first year, there were 50 franchise locations.
Within 36 months, Curves reached 1, locations. Today, Curves has about 4, locations, less than half the number during its peak in 2oo5. According to a recent article in the Wall Street Journal WSJ written by Richard Gibson, this stunning reversal of fortune is the result of 3 main factors: the bad economy, the growing popularity of new fitness franchise concepts, and attracting the wrong kind of franchise owners.
Speaking to the WSJ , Mr. Our brand would be ruined in one instant. On this point, I tend to agree with Mr. On the subject of attracting the wrong kind of franchisees, Mr. Early franchisees started making a lot of money — and, in some ways, too much money. If the franchisor grants a request for renewal, franchisees must sign a new Franchise Agreement for a term of five additional years.
The franchisor may allow for a term of less than five years at its discretion if requested by the franchisee. The franchisor has not, nor does it intend to, sell, assign or discount to a third party any part of its financing arrangements with its franchisees. The franchisor does not guarantee any notes, leases, or obligations. The above information has been compiled from the FDD of Curves.
Year of FDD: Franchise Direct's Disclaimer. Sign up here to get the latest franchise opportunity updates and more delivered directly to your inbox. Be the first to know! Women's Fitness. Download Full FDD. Insurance Cost of insurance. Inspection and Evaluation of Suppliers and Products Varies, depending upon the cost to the franchisor for the inspection and evaluation. Get the full FDD report for: Curves.
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