Start-Up Costs and Fees |
||
| Hy-Tech Weight Loss | Planet Fitness | |
| Investment | 44100 - 117500 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2004 | 1992 |
| Year Franchised | 2005 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hy-Tech Weight Loss | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Hy-Tech Weight Loss | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hy-Tech Weight Loss | 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 |
||
| Hy-Tech Weight Loss | 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 | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |
| Franchise Fee | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |
| Royalty Fee | |
| Hy-Tech Weight Loss | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Hy-Tech Weight Loss | |
| Planet Fitness | 9% |
| Year Founded | |
| Hy-Tech Weight Loss | 2004 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Hy-Tech Weight Loss | 2005 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Hy-Tech Weight Loss | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |
| Start-up Costs | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |
| Equipment | |
| Hy-Tech Weight Loss} | |
| Planet Fitness | |
| Inventory | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |
| Receivables | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |
| Payroll | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Hy-Tech Weight Loss | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Hy-Tech Weight Loss | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Hy-Tech Weight Loss | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Hy-Tech Weight Loss | |
| 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 | |
| Hy-Tech Weight Loss | |
| 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 | |
| Hy-Tech Weight Loss | 0 |
| Planet Fitness | |
| International Expansion | |
| Hy-Tech Weight Loss | |
| Planet Fitness | |