Start-Up Costs and Fees |
||
| Illuminate Gym | Planet Fitness | |
| Investment | 57000 - 213000 | 968100 - 4113000 |
| Franchise Fee | ||
| 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 |
||
| Illuminate Gym | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Illuminate Gym | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Illuminate Gym | Planet Fitness | |
| Training | We offer a 5 day training program to teach you how to run an illuminate gym and about 'High Oxygen 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 |
||
| Illuminate Gym | 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 | 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 | |
| Illuminate Gym | |
| Planet Fitness | |
| Franchise Fee | |
| Illuminate Gym | |
| Planet Fitness | |
| Royalty Fee | |
| Illuminate Gym | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Illuminate Gym | |
| Planet Fitness | 9% |
| Year Founded | |
| Illuminate Gym | 0 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Illuminate Gym | 0 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Illuminate Gym | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Illuminate Gym | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Illuminate Gym | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Illuminate Gym | |
| Planet Fitness | |
| Start-up Costs | |
| Illuminate Gym | |
| Planet Fitness | |
| Equipment | |
| Illuminate Gym} | |
| Planet Fitness | |
| Inventory | |
| Illuminate Gym | |
| Planet Fitness | |
| Receivables | |
| Illuminate Gym | |
| Planet Fitness | |
| Payroll | |
| Illuminate Gym | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Illuminate Gym | We offer a 5 day training program to teach you how to run an illuminate gym and about 'High Oxygen Training'. |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Illuminate Gym | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Illuminate Gym | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Illuminate Gym | |
| 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 | |
| Illuminate Gym | 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 |
| 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 | |
| Illuminate Gym | |
| Planet Fitness | |
| International Expansion | |
| Illuminate Gym | |
| Planet Fitness | |