Detailed Estimates of Curve’s Franchise Costs Based on Item 7 (Estimated Initial Investment) of Curve’s 2013 Franchise Disclosure Document
1. Initial Franchise Fee: $34,900 to $39,900
- The franchise has an Initial Franchise Fee of $39,900, or $34,900 if you are a veteran of the U.S. armed forces.
2. Travel and Living Expenses While Training: $1,000 to $2,000
- You should allow at least $1,000 for travel, lodging, food, and other miscellaneous living expenses incurred during training. Your actual cost will vary, depending on the distance to be traveled, your method of travel, and your personal circumstances.
3. Real Estate and Improvements: Amount Not Specified
- If you do not own building space for your franchise, you must lease or purchase the business premises for the franchise. Too many variables exist, such as buying versus renting and your personal preference as to space and accessories, to ascertain an exact cost for real estate.
- If renting, the franchisor suggests using a building with a minimum amount of space to keep your monthly costs as low as possible. The franchisor recommends the size of the space for your franchise to be no less than 1,200 square feet.
- The franchisor recommends the space for your franchise be located in a secondary rent location to reduce your monthly rent.
- The franchisor must approve your location site before you sign a lease and open the franchise.
4. Education Requirements: Amount Not Specified
- At lease one owner of the franchise and the person managing your franchise must satisfactorily complete and obtain a certification in the field of health and wellness.
5. Furniture and Equipment: $500 to $1,500
- You may purchase any type of furniture or miscellaneous items you prefer. The equipment is covered by your Initial Franchise Fee.
6. Supplies: $200 to $600
- Includes any supplies or materials necessary to operate efficiently, such as any forms, writing material, writing utensils, posters, weight information devices, etc.
7. Computer: $500 to $1,500
8. Signs: $625 to $1,100
9. Advertising: $500 to $1,000
- You will need to advertise locally in the initial start-up phase to help establish name recognition in your locality.
10. Deposits: $500 to $1,000
- Includes security deposits, utility costs, incorporation fee, or any requirements by your locality as to any type of permits and licensing.
11. Insurance: $500 to $1,000
- You will need to purchase and maintain in effect at all times during the Term of the Agreement a policy or policies of insurance, naming the franchisor as an additional insured on the face of each policy, in no less than the following amounts: bodily injury – $1,000,000 each person, $1,000,000 each accident; and property damage – $1,000,000 each accident.
- You must also purchase workers’ compensation and automobile liability insurance as required by state law.
12. Delivery Fee: $1,500 to $2,500
13. Additional Funds – 3 Months: $1,500 to $3,000
- The franchisor recommends that you have additional funds available during the start-up phase of your franchise. These amounts are the franchisor’s estimates of the amount needed to cover your expenses for a 3-month period from the date you open for business. These figures are only estimates.
14. Total: $42,225 to $55,100 (does not include real estate costs)
- The franchisor based these cost estimates on its experience with assisting Curves franchisees in the opening of Curves franchises and over 10 years of experience working with Curves franchisees.