Start-Up Costs and Fees |
||
| Farrell's eXtreme Bodyshaping | Planet Fitness | |
| Investment | 130000 - 383900 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2006 | 1992 |
| Year Franchised | 2007 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Farrell's eXtreme Bodyshaping | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Farrell's eXtreme Bodyshaping | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Farrell's eXtreme Bodyshaping | 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 |
||
| Farrell's eXtreme Bodyshaping | 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 | 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 | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
| Franchise Fee | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
| Royalty Fee | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | 9% |
| Year Founded | |
| Farrell's eXtreme Bodyshaping | 2006 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Farrell's eXtreme Bodyshaping | 2007 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
| Start-up Costs | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
| Equipment | |
| Farrell's eXtreme Bodyshaping} | |
| Planet Fitness | |
| Inventory | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
| Receivables | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
| Payroll | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Farrell's eXtreme Bodyshaping | |
| 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 | |
| Farrell's eXtreme Bodyshaping | 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 |
| 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 | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |
| International Expansion | |
| Farrell's eXtreme Bodyshaping | |
| Planet Fitness | |