Start-Up Costs and Fees |
||
| Fitness Premier | Planet Fitness | |
| Investment | 294850 - 621500 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2006 | 1992 |
| Year Franchised | 2016 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Fitness Premier | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Fitness Premier | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Fitness Premier | 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 |
||
| Fitness Premier | 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 |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Fitness Premier | |
| Planet Fitness | |
| Franchise Fee | |
| Fitness Premier | |
| Planet Fitness | |
| Royalty Fee | |
| Fitness Premier | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Fitness Premier | |
| Planet Fitness | 9% |
| Year Founded | |
| Fitness Premier | 2006 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Fitness Premier | 2016 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Fitness Premier | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Fitness Premier | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Fitness Premier | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Fitness Premier | |
| Planet Fitness | |
| Start-up Costs | |
| Fitness Premier | |
| Planet Fitness | |
| Equipment | |
| Fitness Premier} | |
| Planet Fitness | |
| Inventory | |
| Fitness Premier | |
| Planet Fitness | |
| Receivables | |
| Fitness Premier | |
| Planet Fitness | |
| Payroll | |
| Fitness Premier | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Fitness Premier | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Fitness Premier | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Fitness Premier | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Fitness Premier | |
| 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 | |
| Fitness Premier | |
| 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 | |
| Fitness Premier | |
| Planet Fitness | |
| International Expansion | |
| Fitness Premier | |
| Planet Fitness | |