Start-Up Costs and Fees |
||
| Get In Shape For Women | Planet Fitness | |
| Investment | 51341 - 200594 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 2006 | 1992 |
| Year Franchised | 2006 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Get In Shape For Women | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Get In Shape For Women | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Get In Shape For Women | 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 |
||
| Get In Shape For Women | 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 | |
| Get In Shape For Women | |
| Planet Fitness | |
| Franchise Fee | |
| Get In Shape For Women | |
| Planet Fitness | |
| Royalty Fee | |
| Get In Shape For Women | 6% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Get In Shape For Women | |
| Planet Fitness | 9% |
| Year Founded | |
| Get In Shape For Women | 2006 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Get In Shape For Women | 2006 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Get In Shape For Women | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Get In Shape For Women | $4,000 off franchise fee |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Get In Shape For Women | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Get In Shape For Women | |
| Planet Fitness | |
| Start-up Costs | |
| Get In Shape For Women | |
| Planet Fitness | |
| Equipment | |
| Get In Shape For Women} | |
| Planet Fitness | |
| Inventory | |
| Get In Shape For Women | |
| Planet Fitness | |
| Receivables | |
| Get In Shape For Women | |
| Planet Fitness | |
| Payroll | |
| Get In Shape For Women | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Get In Shape For Women | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Get In Shape For Women | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Get In Shape For Women | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Get In Shape For Women | |
| 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 | |
| Get In Shape For Women | |
| 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 | |
| Get In Shape For Women | |
| Planet Fitness | |
| International Expansion | |
| Get In Shape For Women | |
| Planet Fitness | |