How to Price a Curves Franchise

Written by cherylg
  • Share
  • Tweet
  • Share
  • Pin
  • Email
How to Price a Curves Franchise
Price a Curves franchise to determine the costs of starting this type of business. (women image by Svetlin Rusev from Fotolia.com)

A Curves franchise is a fitness centre for women based on the concept of circuit training. Women buy memberships and work out at their convenience using a series of exercise machines. Each machine tones and tightens a different muscle group. Curves offers a supportive atmosphere and women-only facility for getting in shape and maintaining fitness. For those who would like to buy a Curves franchise, pricing is important. Franchises are available for initial fees and monthly royalties.

Skill level:
Easy

Other People Are Reading

Instructions

  1. 1

    Determine the cost of the initial franchise fee of a Curves franchise. According to Curves, the initial fee is £16,185. Equipment will cost an additional £1,300 to £1,950. In addition to these costs, new franchise owners will have the expenses of a lease, rent, stereo system, utility deposits and payments, accounting and the cost of hiring and paying employees.

  2. 2

    Decide on the cost of monthly franchise royalty fees for operating a Curves franchise. Monthly royalties of five per cent of gross revenues are charged to franchise owners. There is a minimum of £126 and a maximum royalty of £516.

  3. 3

    Find out the cost of monthly advertising royalty fees. Curves franchise owners are charged a monthly advertising fee of three per cent of gross revenues. The minimum fee is £61 and the maximum fee charged is £256.

  4. 4

    Develop a list of other costs of starting up a business. Curves owners will incur the cost of decorating the facility, insurance, office supplies, computer, printer and costs associated with applying for a business license and incorporating fees.

  5. 5

    Add up the costs and determine the final pricing of a Curves franchise. Once the final cost is determined, prospective owners are more equipped to make a decision on whether or not to start a Curves franchise.

Tips and warnings

  • Make sure there are no other Curves franchises in the area. Only one franchise can be operated in a specific area.
  • Established Curves franchises that are for sale may also be bought, sometimes at a lower cost. These franchises will already have members and revenue, which may be an added advantage.

Don't Miss

Filter:
  • All types
  • Articles
  • Slideshows
  • Videos
Sort:
  • Most relevant
  • Most popular
  • Most recent

No articles available

No slideshows available

No videos available

By using the eHow.co.uk site, you consent to the use of cookies. For more information, please see our Cookie policy.