Start-Up Costs and Fees |
||
| Planet Fitness | 1 on 1 Yoga | |
| Investment | 968100 - 4113000 | 52650 - 286500 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | 6% or $150/week |
| Advertising Fee | 9% | 4% |
| Year Founded | 1992 | 0 |
| Year Franchised | 2003 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | 1 on 1 Yoga | |
| Experience | There is no particular experience necessary in business or in Yoga. We will train you. Our operations manual includes guidelines and considerations for hiring competent teaching staff. | |
Financing Options |
||
| Planet Fitness | 1 on 1 Yoga | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | 1 on 1 Yoga | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | 70-hour (+/-) 8-day training program at our corporate office in Miami Beach, Florida for you and/or your manager. - See more at: http://1on1yogafranchise.com/for-everyone/#yogabusiness |
| Support | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | *Regional workshops for Yoga and for business. *Advanced training for managers and sales personnel. *Personal visits to your studio for sales and business help. *Conference calls and webinars for additional training & group discussions. *Online operations manual |
| 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) | Our operations manual provides guidelines and considerations for hiring your staff. We train everyone for you on the 1 on 1 Sales System at our Training Central facility. You can be an absentee owner of multiple studios if you wish and there is a discount in the franchise fee for multiple purchases. |
Expansion Plans |
||
| Planet Fitness | 1 on 1 Yoga | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Planet Fitness | |
| 1 on 1 Yoga | |
| Franchise Fee | |
| Planet Fitness | |
| 1 on 1 Yoga | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| 1 on 1 Yoga | 6% or $150/week |
| Advertising Fee | |
| Planet Fitness | 9% |
| 1 on 1 Yoga | 4% |
| Year Founded | |
| Planet Fitness | 1992 |
| 1 on 1 Yoga | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| 1 on 1 Yoga | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| 1 on 1 Yoga | 10 years +5+5 |
| Renewal Fee | |
| Planet Fitness | |
| 1 on 1 Yoga | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| 1 on 1 Yoga | There is no particular experience necessary in business or in Yoga. We will train you. Our operations manual includes guidelines and considerations for hiring competent teaching staff. |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| 1 on 1 Yoga | No |
| Start-up Costs | |
| Planet Fitness | |
| 1 on 1 Yoga | |
| Equipment | |
| Planet Fitness} | |
| 1 on 1 Yoga | |
| Inventory | |
| Planet Fitness | |
| 1 on 1 Yoga | |
| Receivables | |
| Planet Fitness | |
| 1 on 1 Yoga | |
| Payroll | |
| Planet Fitness | |
| 1 on 1 Yoga | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| 1 on 1 Yoga | 70-hour (+/-) 8-day training program at our corporate office in Miami Beach, Florida for you and/or your manager. - See more at: http://1on1yogafranchise.com/for-everyone/#yogabusiness |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| 1 on 1 Yoga | *Regional workshops for Yoga and for business. *Advanced training for managers and sales personnel. *Personal visits to your studio for sales and business help. *Conference calls and webinars for additional training & group discussions. *Online operations manual |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| 1 on 1 Yoga | |
| Operations | |
| Planet Fitness | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
| 1 on 1 Yoga | Our operations manual provides guidelines and considerations for hiring your staff. We train everyone for you on the 1 on 1 Sales System at our Training Central facility. You can be an absentee owner of multiple studios if you wish and there is a discount in the franchise fee for multiple purchases. |
Expansion Plans |
|
| US Expansion | |
| 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 |
| 1 on 1 Yoga | 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 | |
| Planet Fitness | |
| 1 on 1 Yoga | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Planet Fitness | |
| 1 on 1 Yoga | |