{"id":969,"date":"2023-06-14T08:04:06","date_gmt":"2023-06-14T07:04:06","guid":{"rendered":"https:\/\/hitsona.com\/?p=969"},"modified":"2023-07-28T17:52:54","modified_gmt":"2023-07-28T16:52:54","slug":"curves-gym-franchise-opportunities-requirements-costs","status":"publish","type":"post","link":"https:\/\/hitsona.com\/blog\/curves-gym-franchise-opportunities-requirements-costs\/","title":{"rendered":"Opening a Curves Gym Franchise – Opportunities, Requirements, Cost, Owner Profit, Ownership Fees & More!"},"content":{"rendered":"
Curves is a European-based fitness franchise<\/a> designed to help women achieve their fitness goals in a welcoming and safe environment. They operate 4,500 franchises in over 76 countries with plans to continue their expansion across Europe.<\/p>\n Research found that 67% of women<\/a> are more likely to feel intimidated by going to the gym than men at 49%. If you\u2019re thinking about investing in a fitness franchise, then Curves could allow you to fill a gap in the market with a female-friendly offering that also promises a healthy return.<\/p>\n In this article, we discover the costs<\/a>, potential profitability<\/a>, benefits of a Curves franchise, and how to get started.<\/p>\n <\/p>\n <\/p>\n The Curves franchise focuses on providing a unique community fitness club for females across the world looking to get fit. Their business model centres around the concept of 30-minute full-body workouts to be accessible to women of all ages and fitness levels. According to recent studies<\/a>, there is a huge demand for female-focused gyms in the UK in particular with 54% of gym memberships and 76% of fitness class attendees being female.<\/p>\n As well as this industry being ever-expanding, there are many other key reasons to consider Curves franchise opportunities<\/a>.<\/p>\n <\/p>\n Some of which include:<\/strong><\/p>\n <\/p>\n \u2022 Be part of a fast-growing franchise with 64.8 million members and a membership growth rate of 3.8%.<\/p>\n \u2022 Have peace of mind in investing in a strong brand that\u2019s been around since 1992, awarded Most Trusted Women\u2019s Fitness Franchise 2020, and a member of EWIF (Encouraging Women In Franchising)<\/p>\n \u2022 Explore opportunities for single and multi-club investments to increase your portfolio and profitability<\/p>\n \u2022 Enjoy flexibility over your franchise with 5-year franchise agreements available<\/p>\n \u2022 Access continuous business support and training by working alongside your business development manager to develop a tailored plan for all aspects of running a club<\/p>\n \u2022 Boost your selling point with bespoke equipment featuring Curves Smart, which offers computerized personal coaching with real-time metrics and feedback to help members see real progress<\/p>\n \u2022 Increase access and grow member numbers with the Curves at Home membership and ready-made Curves App, which encourage participation off-site through on-demand workouts, coaching, and support<\/p>\n <\/p>\n <\/p>\n The Curves franchise model works with a step-by-step process to ensure any potential franchisee has the right amount of experience, capital, vision, and ambition for the company.<\/p>\n Potential franchise owners then work closely with their business development manager at Curves to create their unique business plan tailored to the location of the premises and demographic that the Curves franchisee has chosen.<\/p>\n <\/p>\n <\/p>\n Before opening a Curves franchise, you must prove that you meet all the minimum requirements for the Curves brand and complete the onboarding process.<\/p>\n <\/p>\n This includes:<\/strong><\/p>\n <\/p>\n <\/p>\n First, you have to show proof of having a healthy cash flow and healthy financial background plus an initial franchise fee of around \u00a337,500<\/a> and a minimum investment of around \u00a341,900 depending on the chosen Curves gym location and any local requirements. This brings the total investment to around \u00a360,000 – \u00a380,000.<\/p>\n <\/p>\n <\/p>\n While not mandatory, Curves is looking for its franchise owners to have some form of professional experience within the fitness industry. You work with a foundation specialist to establish a minimum understanding of opening and running a Curves franchise while also undergoing regular training opportunities and updates.<\/p>\n <\/p>\n <\/p>\n Curves take its franchise owners through a thorough onboarding process which includes receiving training from foundation specialists, having your business development manager, access to the Curves marketing team, and online support through Curves Online Library for further materials.<\/p>\n This includes 40 hours of online and live virtual sessions focusing on company history, services, sales, policies, procedures, and management to obtain an \u2018Onboarding Certification\u2019. 5 days of training are also required before a premises opening.<\/p>\n <\/p>\n <\/p>\n The main factor for opening any fitness franchise is to prove that you and your business partners have the minimum amount of capital required to open a Curves franchise. Curves state that you need a minimum net worth of \u00a375,000 to open a Curves franchise while also holding a minimum of \u00a350,000 in liquid capital assets.<\/p>\n <\/p>\n <\/p>\n The Curves’ initial franchise start-up fee is expected to be around \u00a337,500 as an initial investment to open the franchise. This fee includes the initial training required by Curves and assistance with the launch of the franchise. This initial investment fee tends to exclude any additional fees such as application fees, expenses and supplies amongst many others.<\/p>\n <\/p>\n <\/p>\n Curves don\u2019t publish the current expected franchise revenue made by its franchisees; however there is information available to see the total revenues of the European fitness industry as a whole.<\/p>\n According to Curves, the total revenue of fitness franchises across Europe is around 28.2 billion Euros. Curves rate of attrition<\/a> is also at 23.62% which is significantly higher than the average of the health and fitness industry which is around 6%.<\/p>\n The majority of Curves’s franchise revenue will be generated from membership fees and the sales of Curves-branded products such as any services available at individual locations such as beautician services.<\/p>\n <\/p>\n <\/p>\n After looking at the expected revenues, you also have to consider the overall costs of running a fitness franchise and how these costs might impact your overall profits.<\/p>\n <\/p>\n Some of these Curves franchise fees that will come out of your revenue include:<\/strong><\/p>\n <\/p>\n This averages 7.5% of the previous month\u2019s gross sales subject to the minimum monthly royalty fee of about \u00a3300<\/a>.<\/p>\n <\/p>\n This averages 2% of the previous month\u2019s gross sales subject to a minimum monthly advertising fee of around \u00a3100<\/p>\n <\/p>\n Averages at \u00a34500<\/a><\/p>\n <\/p>\n An amount equal to 25% of the initial franchise fee<\/a> you paid<\/p>\n <\/p>\n Around \u00a3175 per month<\/a><\/p>\n <\/p>\n Around \u00a340<\/a> per member<\/p>\n Around \u00a3115 per person<\/a><\/p>\n Around \u00a3400<\/a><\/p>\n <\/p>\n <\/p>\n In the US, the average salary of a Curves Fitness franchise owner is around $61,000<\/a>. This works out to $29 an hour which is 2% higher than the national average income for a franchise owner. Curves Fitness franchise owners have the opportunity to make an even bigger profit if they manage to successfully target the demographic of their location and the type of area it’s in.<\/p>\nBenefits and Opportunities of Becoming a <\/strong><\/h2>\n
Curves Franchise Owner<\/strong><\/h2>\n
How Does the Curves Franchise Model Work?<\/strong><\/h2>\n
1. Curves Franchise Requirements<\/strong><\/h3>\n
\u00b7 Financial investment:<\/strong><\/h4>\n
\u00b7 Experience checks:<\/strong><\/h4>\n
\u00b7 Onboarding processes:<\/strong><\/h4>\n
2. Minimum cost\/investment to buy and own a Curves franchise<\/strong><\/h3>\n
3. Initial Curves Franchise Start-up Fees<\/strong><\/h3>\n
4. Expected Curves Franchise Revenue<\/strong><\/h3>\n
5. Costs associated with running a Curves franchise<\/strong><\/h3>\n
\u2022 Royalties: <\/strong><\/h4>\n
\u2022 Advertising: <\/strong><\/h4>\n
\u2022 Training:<\/strong><\/h4>\n
\u2022 Renewal fees: <\/strong><\/h4>\n
\u2022 Technology fees: <\/strong><\/h4>\n
\u2022 Health and wellness certification: <\/strong><\/h4>\n
\u2022 Onboarding certification fee:<\/strong><\/h4>\n
\u2022 Relocation fee: <\/strong><\/h4>\n
6. Predicted average income\/profit of a Curves franchise owner<\/strong><\/h3>\n