Start-Up Costs and Fees |
||
| Planet Fitness | Beverly Hills Weight Loss and Wellness | |
| Investment | 968100 - 4113000 | 64000 - 96000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% of Gross Membership Fees | 6% |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 1988 |
| Year Franchised | 2003 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Beverly Hills Weight Loss and Wellness | |
| Experience | General business experience Marketing skills Sales experience | |
Financing Options |
||
| Planet Fitness | Beverly Hills Weight Loss and Wellness | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Planet Fitness | Beverly Hills Weight Loss and Wellness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | Ongoing training |
| Support | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | * Co-op advertising * Ad slicks * Regional advertising | Co-op advertising, Ad slicks |
| Operations | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Planet Fitness | Beverly Hills Weight Loss and Wellness | |
| 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 | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Franchise Fee | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Beverly Hills Weight Loss and Wellness | 6% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Beverly Hills Weight Loss and Wellness | |
| Year Founded | |
| Planet Fitness | 1992 |
| Beverly Hills Weight Loss and Wellness | 1988 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Beverly Hills Weight Loss and Wellness | 1989 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Beverly Hills Weight Loss and Wellness | 5 years |
| Renewal Fee | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | General business experience Marketing skills Sales experience |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Beverly Hills Weight Loss and Wellness | No |
| Start-up Costs | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Equipment | |
| Planet Fitness} | |
| Beverly Hills Weight Loss and Wellness | |
| Inventory | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Receivables | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| Payroll | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Beverly Hills Weight Loss and Wellness | Ongoing training |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Beverly Hills Weight Loss and Wellness | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Beverly Hills Weight Loss and Wellness | Co-op advertising, Ad slicks |
| 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) |
| Beverly Hills Weight Loss and Wellness | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
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 |
| Beverly Hills Weight Loss and Wellness | |
| Canada Expansion | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | |
| International Expansion | |
| Planet Fitness | |
| Beverly Hills Weight Loss and Wellness | |