Start-Up Costs and Fees |
||
| Bally Total Fitness | Planet Fitness | |
| Investment | 1000000 - 2500000 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1962 | 1992 |
| Year Franchised | 1997 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Bally Total Fitness | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Bally Total Fitness | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Bally Total Fitness | Planet Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | |
| Support | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | |
| Marketing | * Co-op advertising * Ad slicks * Regional advertising | |
| Operations | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Bally Total Fitness | Planet Fitness | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Bally Total Fitness | |
| Planet Fitness | |
| Franchise Fee | |
| Bally Total Fitness | |
| Planet Fitness | |
| Royalty Fee | |
| Bally Total Fitness | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Bally Total Fitness | |
| Planet Fitness | 9% |
| Year Founded | |
| Bally Total Fitness | 1962 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Bally Total Fitness | 1997 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Bally Total Fitness | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Bally Total Fitness | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Bally Total Fitness | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Bally Total Fitness | |
| Planet Fitness | |
| Start-up Costs | |
| Bally Total Fitness | |
| Planet Fitness | |
| Equipment | |
| Bally Total Fitness} | |
| Planet Fitness | |
| Inventory | |
| Bally Total Fitness | |
| Planet Fitness | |
| Receivables | |
| Bally Total Fitness | |
| Planet Fitness | |
| Payroll | |
| Bally Total Fitness | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Bally Total Fitness | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Bally Total Fitness | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Bally Total Fitness | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Bally Total Fitness | |
| Planet Fitness | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Bally Total Fitness | |
| Planet Fitness | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Bally Total Fitness | 0 |
| Planet Fitness | |
| International Expansion | |
| Bally Total Fitness | |
| Planet Fitness | |