Start-Up Costs and Fees |
||
| Fernwood Women's Health Clubs | Planet Fitness | |
| Investment | 500000 - 999999 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1989 | 1992 |
| Year Franchised | 1993 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fernwood Women's Health Clubs | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Fernwood Women's Health Clubs | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fernwood Women's Health Clubs | Planet Fitness | |
| Training | Three weeks comprehensive program E-learning modules This includes one week at National Support Office and two weeks in club Ongoing in-club support & 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 |
||
| Fernwood Women's Health Clubs | 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 | Australia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
| Franchise Fee | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
| Royalty Fee | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | 9% |
| Year Founded | |
| Fernwood Women's Health Clubs | 1989 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Fernwood Women's Health Clubs | 1993 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
| Start-up Costs | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
| Equipment | |
| Fernwood Women's Health Clubs} | |
| Planet Fitness | |
| Inventory | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
| Receivables | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
| Payroll | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Fernwood Women's Health Clubs | Three weeks comprehensive program E-learning modules This includes one week at National Support Office and two weeks in club Ongoing in-club support & training |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Fernwood Women's Health Clubs | |
| 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 | |
| Fernwood Women's Health Clubs | |
| 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 | |
| Fernwood Women's Health Clubs | |
| Planet Fitness | |
| International Expansion | |
| Fernwood Women's Health Clubs | Australia |
| Planet Fitness | |