Start-Up Costs and Fees |
||
| Core Progression | Planet Fitness | |
| Investment | 170500 - 460030 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 7% of Gross Membership Fees |
| Advertising Fee | 5% | 9% |
| Year Founded | 2017 | 1992 |
| Year Franchised | 2017 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Core Progression | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Core Progression | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Core Progression | 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 |
||
| Core Progression | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Core Progression | |
| Planet Fitness | |
| Franchise Fee | |
| Core Progression | |
| Planet Fitness | |
| Royalty Fee | |
| Core Progression | 5% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Core Progression | 5% |
| Planet Fitness | 9% |
| Year Founded | |
| Core Progression | 2017 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Core Progression | 2017 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Core Progression | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Core Progression | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Core Progression | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Core Progression | |
| Planet Fitness | |
| Start-up Costs | |
| Core Progression | |
| Planet Fitness | |
| Equipment | |
| Core Progression} | |
| Planet Fitness | |
| Inventory | |
| Core Progression | |
| Planet Fitness | |
| Receivables | |
| Core Progression | |
| Planet Fitness | |
| Payroll | |
| Core Progression | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Core Progression | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Core Progression | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Core Progression | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Core Progression | |
| 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 | |
| Core Progression | |
| 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 | |
| Core Progression | |
| Planet Fitness | |
| International Expansion | |
| Core Progression | |
| Planet Fitness | |