Start-Up Costs and Fees |
||
| Cuts Fitness For Men | Planet Fitness | |
| Investment | 33600 - 77900 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | $400/mo. | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 2003 | 1992 |
| Year Franchised | 2003 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cuts Fitness For Men | Planet Fitness | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Cuts Fitness For Men | Planet Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Cuts Fitness For Men | Planet Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | |
| Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | Co-op advertising, Regional advertising | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
| Cuts Fitness For Men | 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 | |
| Cuts Fitness For Men | |
| Planet Fitness | |
| Franchise Fee | |
| Cuts Fitness For Men | |
| Planet Fitness | |
| Royalty Fee | |
| Cuts Fitness For Men | $400/mo. |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Cuts Fitness For Men | |
| Planet Fitness | 9% |
| Year Founded | |
| Cuts Fitness For Men | 2003 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Cuts Fitness For Men | 2003 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Cuts Fitness For Men | 10 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Cuts Fitness For Men | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Cuts Fitness For Men | Industry experience General business experience Marketing skills |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Cuts Fitness For Men | No |
| Planet Fitness | No |
| Start-up Costs | |
| Cuts Fitness For Men | |
| Planet Fitness | |
| Equipment | |
| Cuts Fitness For Men} | |
| Planet Fitness | |
| Inventory | |
| Cuts Fitness For Men | |
| Planet Fitness | |
| Receivables | |
| Cuts Fitness For Men | |
| Planet Fitness | |
| Payroll | |
| Cuts Fitness For Men | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Cuts Fitness For Men | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Cuts Fitness For Men | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Cuts Fitness For Men | Co-op advertising, Regional advertising |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Cuts Fitness For Men | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| 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 | |
| Cuts Fitness For Men | |
| 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 | |
| Cuts Fitness For Men | 0 |
| Planet Fitness | |
| International Expansion | |
| Cuts Fitness For Men | |
| Planet Fitness | |