Start-Up Costs and Fees |
||
| Nifty after Fifty | Planet Fitness | |
| Investment | 197000 - 650000 | 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 |
||
| Nifty after Fifty | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Nifty after Fifty | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Nifty after Fifty | 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 |
||
| Nifty after Fifty | 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 | |
| Nifty after Fifty | |
| Planet Fitness | |
| Franchise Fee | |
| Nifty after Fifty | |
| Planet Fitness | |
| Royalty Fee | |
| Nifty after Fifty | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Nifty after Fifty | |
| Planet Fitness | 9% |
| Year Founded | |
| Nifty after Fifty | 0 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Nifty after Fifty | 0 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Nifty after Fifty | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Nifty after Fifty | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Nifty after Fifty | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Nifty after Fifty | |
| Planet Fitness | |
| Start-up Costs | |
| Nifty after Fifty | |
| Planet Fitness | |
| Equipment | |
| Nifty after Fifty} | |
| Planet Fitness | |
| Inventory | |
| Nifty after Fifty | |
| Planet Fitness | |
| Receivables | |
| Nifty after Fifty | |
| Planet Fitness | |
| Payroll | |
| Nifty after Fifty | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Nifty after Fifty | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Nifty after Fifty | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Nifty after Fifty | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Nifty after Fifty | |
| 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 | |
| Nifty after Fifty | |
| 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 | |
| Nifty after Fifty | |
| Planet Fitness | |
| International Expansion | |
| Nifty after Fifty | |
| Planet Fitness | |