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Curves

Curves

The total investment to open a Curves franchise ranges from $25,000 to $200,000. The initial franchise fee is $25,000. Ongoing royalties are 7.5% plus a 2% advertising fee.

What is the Curves franchise?

Curves was founded in 1992 by Gary and Diane Heavin in Harlingen, Texas, after they observed that traditional gyms often discouraged women through coed weight rooms, complex equipment, long workouts, and intimidating settings. Its model centered on a 30 minute circuit in a women only environment, using hydraulic resistance machines and recovery stations for a full body workout. Curves began franchising in 1995 and expanded faster than any franchise in history at that time, reaching more than 10,000 locations worldwide by 2006. It became the largest fitness franchise on the planet and created a distinct category of fitness service. That history remains relevant because the brand's position today reflects both the lasting appeal of its concept and major changes in the fitness market over the past two decades.

The women’s fitness market has become much more crowded since Curves introduced its model in the mid 1990s. Planet Fitness expanded the Judgement Free Zone concept through coed locations, while Anytime Fitness added 24 hour access and compact neighborhood facilities. Orangetheory Fitness, Pure Barre, and CycleBar brought specialized studio formats to suburban markets. Peloton, Apple Fitness+, and other streaming services gave consumers ways to exercise at home. Women who were new to fitness in 2000 now have many choices for different preferences, budgets, and schedules. Curves still appeals to women over 40 who prefer exercising without men, women in conservative communities, and older adults who favor a 30 minute, low impact circuit. Local viability depends on geography, demographics, and the number of competing options in the trade area.

The franchise fee is $25,000, and the total initial investment ranges from approximately $25,000 to $200,000. Costs vary with location size, lease terms, local construction expenses, and whether the buyer acquires an existing location or builds from scratch. This is below the $500,000 to over $1 million often required by competing concepts such as Orangetheory Fitness and F45 Training. Curves locations typically use 1,000 to 2,500 square feet, require less build out than full service gyms, and rely on proprietary hydraulic circuit equipment rather than extensive free weight and cardio inventories. Other expenses include royalty fees, marketing fund contributions, lease payments, insurance, staffing, equipment maintenance, local marketing, and working capital during the ramp up period. Buyers should review it with a franchise attorney and accountant. A lower initial investment does not remove the effects of operational execution, local conditions, or membership acquisition costs.

Curves was designed to operate more simply than a conventional gym. A typical location uses a small staff, often one or two employees per shift, including the owner operator in many cases. Members move through the 30 minute circuit efficiently, and the model does not require personal trainers, group fitness instructors, or locker room attendants. Hydraulic equipment generally requires less maintenance than traditional weight machines and does not require spotters or extensive safety procedures. Daily work includes member engagement, circuit coaching, cleaning, equipment care, membership sales and retention, and local marketing. A welcoming social community supports both retention and referrals. Since recurring dues depend on active memberships, following attendance, contacting members who may lapse, and building a sense of belonging are central operating responsibilities. The smaller footprint and staffing model can suit an owner operator who wants direct involvement instead of managing a large team remotely.

Curves earns most of its revenue from recurring membership dues, which continue while members remain active. The revenue ceiling is also lower. Individual results vary with local market size, competition, pricing, acquisition costs, and operating performance. Because the system has contracted from its peak, historical averages may not represent current unit economics, making location specific analysis especially important.

Curves grew from one location in Harlingen, Texas to more than 10,000 units worldwide in roughly a decade. Around 2006, it was the largest fitness franchise in the world, operating in dozens of countries and serving millions of members. The United States footprint has since declined to approximately 207 locations. Contributing factors include stronger competition from budget gyms and boutique studios, at home workouts, changes in corporate ownership and brand strategy, market saturation in some territories, and consumer interest in more varied and intensive formats. This contraction raises questions about brand momentum, consumer perception, territory viability, and franchisor stability. Remaining locations often serve loyal members in markets where women only, low intimidation, time efficient fitness still appeals to the target demographic. Ownership transitions and strategic repositioning have sought to stabilize the system and respond to market conditions. Buyers should assess local demand, competitive differentiation, franchisor support, strategic direction, and territory quality.

The strongest Curves franchisees generally care about women’s health and fitness, connect with the brand’s mission, and want to make exercise welcoming and accessible. Many successful owners are women who relate to the concept through their own fitness experience or community goals. Relationship building and interpersonal skills matter because the local community supports member retention. The business is better suited to someone comfortable with hands on management than to a passive investor or someone seeking a multi unit empire. Multi unit ownership exists, but engaged leadership at each location affects member satisfaction and performance. Sales and local marketing skills support membership growth through outreach, community involvement, and promotions. Previous fitness industry experience is not required because the franchisor trains owners on equipment, coaching, and operating systems. Financial readiness, realistic expectations about the brand’s current position, and continued local marketing are also important.

A Curves review should balance its women only concept, 30 minute circuit, lower investment threshold, lean staffing model, and community based retention potential against the brand’s contraction and competitive pressures. Buyers should examine the franchisor’s financial health, support capacity, and strategic direction, then study the proposed territory through demographic research, competitor mapping, and realistic membership projections. Current and former franchisees, whose contact information appears in the Franchise Disclosure Document, can provide perspective on daily operations. The opportunity may fit a committed owner in a market with sufficient demand, while buyers in heavily saturated areas or those expecting a return to the early 2000s growth trajectory should proceed carefully. Local fundamentals, personal alignment with the mission, and the work required to build and retain membership should guide the decision.

Loan Activity Score

28/100

SBA Default Rate

16.4%

Active Lenders

210

According to its Franchise Disclosure Document or public business records, Curves has 380 locations, all owned by franchisees. Public SBA loan records show 210 lenders made 493 loans to franchisees of Curves. PeerSense calculates Curves's score as 28 out of 100, using public SBA loan performance and recent lending activity.

Franchising since 1992 · 380 locations

Investment

$25,000 to $200,000

Franchise Fee

$25,000

Total Units

380

380 franchised

Loan Activity Score
High
28
SBA Lending
4
Lender Quality
7
Transparency
4
Reach
10
Momentum
3

Proprietary PeerSense metric

Limited
Capital Sources
210SBA lenders

Distinct lenders in public SBA records for Curves

493

Total SBA loans

$96K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for Curves

Loan Activity Score Breakdown

Major Brand (100+ loans)

High Confidence
28out of 100
Limited
Market Momentum3/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety4/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence7/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency4/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint10/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

16.4%

vs 10.8% peer avg

SBA Loans

493

Total Volume

$47.1M

Active Lenders

210

26 selective

States

50

vs. SBA Sector Average

-5.6%higher default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

380 locations nationwide

Data Insights

Key performance metrics for Curves based on SBA lending data

SBA Default Rate

16.4%

5.6% above peer avg

SBA Loan Volume

493 loans

Across 210 lenders

Lender Diversity

210 lenders

Avg 2.3 loans per lender

Investment Tier

Mid range investment

$25,000 to $200,000 total

Curves: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2004

84 approvals. The best year on record for Curves.

Top SBA State

Texas

35 SBA financed Curves locations, the densest operator footprint.

Average Loan Size

$96K

Median $58K. Use as a sizing anchor when modeling your own Curves unit.

Lender Concentration

12%

Highly Diversified

Share of Curves approvals captured by the top 3 SBA lenders.

Curves's SBA lending pipeline peaked in 2004 (84 approvals). Operator density is highest in Texas with 35 SBA financed locations. Average funded ticket sits at $96K, with the median at $58K. Lender mix is highly diversified: the top three SBA lenders account for 12% of approvals. Borrowers have leverage to shop multiple credit boxes.

Payment Estimator

Loan Amount$20K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$259

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Curves, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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Curves

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman