|
Below is an in-depth analysis and side-by-side comparison of Curves vs LA Weight Loss Centers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $115,600 - $243,200 | $67,200 - $120,400 |
Franchise Fee | $39,900 | $20,000 |
Royalty Fee | 5% | 7% |
Advertising Fee | - | - |
Year Founded | 1992 | 1989 |
Year Franchised | 1995 | 1998 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | Yes/No |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | At regional meetings (full day), convention (3 days), local events (1 day) | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Meetings, Toll-free phone line, Grand opening, Field operations/evaluations |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad slicks, National media, Regional advertising |
Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |