Start-Up Costs and Fees |
||
| Fit after Fifty | Planet Fitness | |
| Investment | 39800 - 47200 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2003 | 1992 |
| Year Franchised | 2004 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fit after Fifty | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Fit after Fifty | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fit after Fifty | 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 |
||
| Fit after Fifty | 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 | |
| Fit after Fifty | |
| Planet Fitness | |
| Franchise Fee | |
| Fit after Fifty | |
| Planet Fitness | |
| Royalty Fee | |
| Fit after Fifty | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Fit after Fifty | |
| Planet Fitness | 9% |
| Year Founded | |
| Fit after Fifty | 2003 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Fit after Fifty | 2004 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Fit after Fifty | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Fit after Fifty | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Fit after Fifty | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Fit after Fifty | |
| Planet Fitness | |
| Start-up Costs | |
| Fit after Fifty | |
| Planet Fitness | |
| Equipment | |
| Fit after Fifty} | |
| Planet Fitness | |
| Inventory | |
| Fit after Fifty | |
| Planet Fitness | |
| Receivables | |
| Fit after Fifty | |
| Planet Fitness | |
| Payroll | |
| Fit after Fifty | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Fit after Fifty | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Fit after Fifty | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Fit after Fifty | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Fit after Fifty | |
| 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 | |
| Fit after Fifty | |
| 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 | |
| Fit after Fifty | 0 |
| Planet Fitness | |
| International Expansion | |
| Fit after Fifty | |
| Planet Fitness | |