Start-Up Costs and Fees |
||
| Metro 24/7 Fitness | Planet Fitness | |
| Investment | 200000 - 410000 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2004 | 1992 |
| Year Franchised | 2009 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Metro 24/7 Fitness | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Metro 24/7 Fitness | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Metro 24/7 Fitness | Planet Fitness | |
| Training | Yes | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | Yes | * 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 |
||
| Metro 24/7 Fitness | 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 | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
| Franchise Fee | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
| Royalty Fee | |
| Metro 24/7 Fitness | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Metro 24/7 Fitness | |
| Planet Fitness | 9% |
| Year Founded | |
| Metro 24/7 Fitness | 2004 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Metro 24/7 Fitness | 2009 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Metro 24/7 Fitness | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
| Start-up Costs | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
| Equipment | |
| Metro 24/7 Fitness} | |
| Planet Fitness | |
| Inventory | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
| Receivables | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
| Payroll | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Metro 24/7 Fitness | Yes |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Metro 24/7 Fitness | Yes |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Metro 24/7 Fitness | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Metro 24/7 Fitness | |
| 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 | |
| Metro 24/7 Fitness | |
| 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 | |
| Metro 24/7 Fitness | |
| Planet Fitness | |
| International Expansion | |
| Metro 24/7 Fitness | |
| Planet Fitness | |