Start-Up Costs and Fees |
||
| Form YOU 3 | Planet Fitness | |
| Investment | 33000 - 43000 | 968100 - 4113000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 0 | 1992 |
| Year Franchised | 0 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Form YOU 3 | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Form YOU 3 | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Form YOU 3 | 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 |
||
| Form YOU 3 | 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 | |
| Form YOU 3 | |
| Planet Fitness | |
| Franchise Fee | |
| Form YOU 3 | |
| Planet Fitness | |
| Royalty Fee | |
| Form YOU 3 | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Form YOU 3 | |
| Planet Fitness | 9% |
| Year Founded | |
| Form YOU 3 | 0 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Form YOU 3 | 0 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Form YOU 3 | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Form YOU 3 | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Form YOU 3 | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Form YOU 3 | |
| Planet Fitness | |
| Start-up Costs | |
| Form YOU 3 | |
| Planet Fitness | |
| Equipment | |
| Form YOU 3} | |
| Planet Fitness | |
| Inventory | |
| Form YOU 3 | |
| Planet Fitness | |
| Receivables | |
| Form YOU 3 | |
| Planet Fitness | |
| Payroll | |
| Form YOU 3 | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Form YOU 3 | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Form YOU 3 | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Form YOU 3 | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Form YOU 3 | |
| 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 | |
| Form YOU 3 | |
| 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 | |
| Form YOU 3 | |
| Planet Fitness | |
| International Expansion | |
| Form YOU 3 | |
| Planet Fitness | |