Start-Up Costs and Fees |
||
| IM=X Pilates Studio | Planet Fitness | |
| Investment | 66000 - 150000 | 968100 - 4113000 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 1994 | 1992 |
| Year Franchised | 2003 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| IM=X Pilates Studio | Planet Fitness | |
| Experience | Industry experience | |
Financing Options |
||
| IM=X Pilates Studio | Planet Fitness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| IM=X Pilates Studio | Planet Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | |
| Support | Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, National media | * 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 |
||
| IM=X Pilates Studio | 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 | |
| IM=X Pilates Studio | |
| Planet Fitness | |
| Franchise Fee | |
| IM=X Pilates Studio | |
| Planet Fitness | |
| Royalty Fee | |
| IM=X Pilates Studio | Varies |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| IM=X Pilates Studio | |
| Planet Fitness | 9% |
| Year Founded | |
| IM=X Pilates Studio | 1994 |
| Planet Fitness | 1992 |
| Year Franchised | |
| IM=X Pilates Studio | 2003 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| IM=X Pilates Studio | 10 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| IM=X Pilates Studio | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| IM=X Pilates Studio | Industry experience |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| IM=X Pilates Studio | No |
| Planet Fitness | No |
| Start-up Costs | |
| IM=X Pilates Studio | |
| Planet Fitness | |
| Equipment | |
| IM=X Pilates Studio} | |
| Planet Fitness | |
| Inventory | |
| IM=X Pilates Studio | |
| Planet Fitness | |
| Receivables | |
| IM=X Pilates Studio | |
| Planet Fitness | |
| Payroll | |
| IM=X Pilates Studio | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| IM=X Pilates Studio | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| IM=X Pilates Studio | Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| IM=X Pilates Studio | Co-op advertising, Ad slicks, National media |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| IM=X Pilates Studio | |
| 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 | |
| IM=X Pilates Studio | |
| 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 | |
| IM=X Pilates Studio | |
| Planet Fitness | |
| International Expansion | |
| IM=X Pilates Studio | |
| Planet Fitness | |