Start-Up Costs and Fees |
||
| PickUp USA Fitness | Planet Fitness | |
| Investment | 533266 - 1150054 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 7% of Gross Membership Fees |
| Advertising Fee | 1% - 2% | 9% |
| Year Founded | 2011 | 1992 |
| Year Franchised | 2016 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| PickUp USA Fitness | Planet Fitness | |
| Experience | While not required, a passion for fitness and basketball is a huge plus! Owning a fitness club is a tremendous opportunity to build a business doing something you love. To get started, franchise candidates, either individually or cumulatively amongst a group of investors, should have a minimum of $150,000 in liquid capital and $300,000 in net worth. This gives a new franchisee the base financials to attempt to obtain necessary bank financing to be properly capitalized to launch a PickUp USA. | |
Financing Options |
||
| PickUp USA Fitness | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| PickUp USA Fitness | Planet Fitness | |
| Training | * Comprehensive 8 day training at our headquarters in Irwindale, CA for you and your two managers | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | PickUp USA provides comprehensive support from the day you sign your franchise agreement. * Pre-Open Support * Grand Opening Support * Ongoing Support o Assistance with site-selection, club layout, design & construction o Comprehensive 8 day training o On-site guidance for 5 days from our corporate team o Support with marketing, sales and operations o Continuous, on-site, telephone and email support will be with you during your entire journey o Your success is our success! | * 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 | We require an owner/operator Approximately 10 staff are needed to run a PickUp USA Fitness club. | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
| PickUp USA 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 | 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 | |
| PickUp USA Fitness | |
| Planet Fitness | |
| Franchise Fee | |
| PickUp USA Fitness | |
| Planet Fitness | |
| Royalty Fee | |
| PickUp USA Fitness | 6% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| PickUp USA Fitness | 1% - 2% |
| Planet Fitness | 9% |
| Year Founded | |
| PickUp USA Fitness | 2011 |
| Planet Fitness | 1992 |
| Year Franchised | |
| PickUp USA Fitness | 2016 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| PickUp USA Fitness | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| PickUp USA Fitness | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| PickUp USA Fitness | While not required, a passion for fitness and basketball is a huge plus! Owning a fitness club is a tremendous opportunity to build a business doing something you love. To get started, franchise candidates, either individually or cumulatively amongst a group of investors, should have a minimum of $150,000 in liquid capital and $300,000 in net worth. This gives a new franchisee the base financials to attempt to obtain necessary bank financing to be properly capitalized to launch a PickUp USA. |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| PickUp USA Fitness | |
| Planet Fitness | |
| Start-up Costs | |
| PickUp USA Fitness | |
| Planet Fitness | |
| Equipment | |
| PickUp USA Fitness} | |
| Planet Fitness | |
| Inventory | |
| PickUp USA Fitness | |
| Planet Fitness | |
| Receivables | |
| PickUp USA Fitness | |
| Planet Fitness | |
| Payroll | |
| PickUp USA Fitness | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| PickUp USA Fitness | * Comprehensive 8 day training at our headquarters in Irwindale, CA for you and your two managers |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| PickUp USA Fitness | PickUp USA provides comprehensive support from the day you sign your franchise agreement. * Pre-Open Support * Grand Opening Support * Ongoing Support o Assistance with site-selection, club layout, design & construction o Comprehensive 8 day training o On-site guidance for 5 days from our corporate team o Support with marketing, sales and operations o Continuous, on-site, telephone and email support will be with you during your entire journey o Your success is our success! |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| PickUp USA Fitness | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| PickUp USA Fitness | We require an owner/operator Approximately 10 staff are needed to run a PickUp USA Fitness club. |
| 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 | |
| PickUp USA 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 |
| 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 | |
| PickUp USA Fitness | |
| Planet Fitness | |
| International Expansion | |
| PickUp USA Fitness | |
| Planet Fitness | |