Start-Up Costs and Fees |
||
| LA Weight Loss Centers | Planet Fitness | |
| Investment | 67200 - 120400 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 1989 | 1992 |
| Year Franchised | 1998 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| LA Weight Loss Centers | Planet Fitness | |
| Experience | ||
Financing Options |
||
| LA Weight Loss Centers | Planet Fitness | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| LA Weight Loss Centers | Planet Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | |
| Support | Meetings, Toll-free phone line, Grand opening, Field operations/evaluations | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | Ad slicks, National media, Regional advertising | * 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 |
||
| LA Weight Loss Centers | Planet Fitness | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| LA Weight Loss Centers | |
| Planet Fitness | |
| Franchise Fee | |
| LA Weight Loss Centers | |
| Planet Fitness | |
| Royalty Fee | |
| LA Weight Loss Centers | 7% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| LA Weight Loss Centers | |
| Planet Fitness | 9% |
| Year Founded | |
| LA Weight Loss Centers | 1989 |
| Planet Fitness | 1992 |
| Year Franchised | |
| LA Weight Loss Centers | 1998 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| LA Weight Loss Centers | 10 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| LA Weight Loss Centers | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| LA Weight Loss Centers | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| LA Weight Loss Centers | Yes |
| Planet Fitness | Yes |
| Start-up Costs | |
| LA Weight Loss Centers | |
| Planet Fitness | |
| Equipment | |
| LA Weight Loss Centers} | |
| Planet Fitness | |
| Inventory | |
| LA Weight Loss Centers | |
| Planet Fitness | |
| Receivables | |
| LA Weight Loss Centers | |
| Planet Fitness | |
| Payroll | |
| LA Weight Loss Centers | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| LA Weight Loss Centers | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| LA Weight Loss Centers | Meetings, Toll-free phone line, Grand opening, Field operations/evaluations |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| LA Weight Loss Centers | Ad slicks, National media, Regional advertising |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| LA Weight Loss Centers | |
| 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 | |
| LA Weight Loss Centers | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, 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 | |
| LA Weight Loss Centers | 0 |
| Planet Fitness | |
| International Expansion | |
| LA Weight Loss Centers | |
| Planet Fitness | |