Start-Up Costs and Fees |
||
| Planet Fitness | Concept 10 10 | |
| Investment | 968100 - 4113000 | 100000 - 150000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 0 |
| Year Franchised | 2003 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Concept 10 10 | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Concept 10 10 | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Concept 10 10 | |
| 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 | Concept 10 10 | |
| 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 | |
| Concept 10 10 | |
| Franchise Fee | |
| Planet Fitness | |
| Concept 10 10 | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Concept 10 10 | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Concept 10 10 | |
| Year Founded | |
| Planet Fitness | 1992 |
| Concept 10 10 | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Concept 10 10 | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Concept 10 10 | |
| Renewal Fee | |
| Planet Fitness | |
| Concept 10 10 | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Concept 10 10 | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Concept 10 10 | No |
| Start-up Costs | |
| Planet Fitness | |
| Concept 10 10 | |
| Equipment | |
| Planet Fitness} | |
| Concept 10 10 | |
| Inventory | |
| Planet Fitness | |
| Concept 10 10 | |
| Receivables | |
| Planet Fitness | |
| Concept 10 10 | |
| Payroll | |
| Planet Fitness | |
| Concept 10 10 | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Concept 10 10 | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Concept 10 10 | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Concept 10 10 | |
| 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) |
| Concept 10 10 | |
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 |
| Concept 10 10 | |
| Canada Expansion | |
| Planet Fitness | |
| Concept 10 10 | |
| International Expansion | |
| Planet Fitness | |
| Concept 10 10 | |