Start-Up Costs and Fees |
||
| Orange Shoe Personal Fitness | Planet Fitness | |
| Investment | 96600 - 325000 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 2007 | 1992 |
| Year Franchised | 2009 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Orange Shoe Personal Fitness | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Orange Shoe Personal Fitness | 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 |
||
| Orange Shoe Personal Fitness | Planet Fitness | |
| Training | Available at headquarters: 8 days. At franchisee's location: 8 days. Online training : 4 days. | * 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 | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | Co-op advertising Ad slicks | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | 25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators). | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
| Orange Shoe Personal 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 | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |
| Franchise Fee | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |
| Royalty Fee | |
| Orange Shoe Personal Fitness | 6% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | 9% |
| Year Founded | |
| Orange Shoe Personal Fitness | 2007 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Orange Shoe Personal Fitness | 2009 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Orange Shoe Personal Fitness | 10 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Orange Shoe Personal Fitness | Yes |
| Planet Fitness | Yes |
| Start-up Costs | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |
| Equipment | |
| Orange Shoe Personal Fitness} | |
| Planet Fitness | |
| Inventory | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |
| Receivables | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |
| Payroll | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Orange Shoe Personal Fitness | Available at headquarters: 8 days. At franchisee's location: 8 days. Online training : 4 days. |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Orange Shoe Personal Fitness | Newsletter Meetings Toll-free phone line Grand opening Internet Security/safety procedures Field operations/evaluations |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Orange Shoe Personal Fitness | Co-op advertising Ad slicks |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Orange Shoe Personal Fitness | 25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators). |
| 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 | |
| Orange Shoe Personal 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 | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |
| International Expansion | |
| Orange Shoe Personal Fitness | |
| Planet Fitness | |