Start-Up Costs and Fees |
||
| FIT4MOM | Planet Fitness | |
| Investment | 6905 - 26385 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 2% - To maintain your franchise, you'll pay monthly maintenance fees between $214 - $424 | 7% of Gross Membership Fees |
| Advertising Fee | $10 - $30 | 9% |
| Year Founded | 2001 | 1992 |
| Year Franchised | 2005 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| FIT4MOM | Planet Fitness | |
| Experience | Fitness background is a plus, but not a requirement! We will train you! | |
Financing Options |
||
| FIT4MOM | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| FIT4MOM | Planet Fitness | |
| Training | Web-bases on-boarding business training (required for new franchisees), Online business training's to help you grow your business (offered 2-3 times a month), Monthly instructor hangouts with our National Fitness director, Monthly virtual"coffee-chat's" with Lisa Druxman, owner and founder of FIT4MOM, Exercise & workout database, online files & resources for franchisees and instructors, Marketing & Planning calendar, Live Franchise Support team, Mentor program, Personal Business Coach. | * 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 |
||
| FIT4MOM | 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 | |
| FIT4MOM | |
| Planet Fitness | |
| Franchise Fee | |
| FIT4MOM | |
| Planet Fitness | |
| Royalty Fee | |
| FIT4MOM | 2% - To maintain your franchise, you'll pay monthly maintenance fees between $214 - $424 |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| FIT4MOM | $10 - $30 |
| Planet Fitness | 9% |
| Year Founded | |
| FIT4MOM | 2001 |
| Planet Fitness | 1992 |
| Year Franchised | |
| FIT4MOM | 2005 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| FIT4MOM | 3 Year |
| Planet Fitness | 10 years |
| Renewal Fee | |
| FIT4MOM | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| FIT4MOM | Fitness background is a plus, but not a requirement! We will train you! |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| FIT4MOM | |
| Planet Fitness | |
| Start-up Costs | |
| FIT4MOM | |
| Planet Fitness | |
| Equipment | |
| FIT4MOM} | |
| Planet Fitness | |
| Inventory | |
| FIT4MOM | |
| Planet Fitness | |
| Receivables | |
| FIT4MOM | |
| Planet Fitness | |
| Payroll | |
| FIT4MOM | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| FIT4MOM | Web-bases on-boarding business training (required for new franchisees), Online business training's to help you grow your business (offered 2-3 times a month), Monthly instructor hangouts with our National Fitness director, Monthly virtual"coffee-chat's" with Lisa Druxman, owner and founder of FIT4MOM, Exercise & workout database, online files & resources for franchisees and instructors, Marketing & Planning calendar, Live Franchise Support team, Mentor program, Personal Business Coach. |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| FIT4MOM | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| FIT4MOM | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| FIT4MOM | |
| 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 | |
| FIT4MOM | 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 | |
| FIT4MOM | |
| Planet Fitness | |
| International Expansion | |
| FIT4MOM | |
| Planet Fitness | |