Start-Up Costs and Fees |
||
| Planet Fitness | Bally Total Fitness | |
| Investment | 968100 - 4113000 | 1000000 - 2500000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 1962 |
| Year Franchised | 2003 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Bally Total Fitness | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Bally Total Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Bally Total 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 |
||
| Planet Fitness | Bally Total 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Planet Fitness | |
| Bally Total Fitness | |
| Franchise Fee | |
| Planet Fitness | |
| Bally Total Fitness | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Bally Total Fitness | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Bally Total Fitness | |
| Year Founded | |
| Planet Fitness | 1992 |
| Bally Total Fitness | 1962 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Bally Total Fitness | 1997 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Bally Total Fitness | |
| Renewal Fee | |
| Planet Fitness | |
| Bally Total Fitness | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Bally Total Fitness | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Bally Total Fitness | No |
| Start-up Costs | |
| Planet Fitness | |
| Bally Total Fitness | |
| Equipment | |
| Planet Fitness} | |
| Bally Total Fitness | |
| Inventory | |
| Planet Fitness | |
| Bally Total Fitness | |
| Receivables | |
| Planet Fitness | |
| Bally Total Fitness | |
| Payroll | |
| Planet Fitness | |
| Bally Total Fitness | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Bally Total Fitness | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Bally Total Fitness | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Bally Total Fitness | |
| 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) |
| Bally Total Fitness | |
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 |
| Bally Total Fitness | |
| Canada Expansion | |
| Planet Fitness | |
| Bally Total Fitness | 0 |
| International Expansion | |
| Planet Fitness | |
| Bally Total Fitness | |