Start-Up Costs and Fees |
||
| Planet Fitness | Core Progression | |
| Investment | 968100 - 4113000 | 170500 - 460030 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | 5% |
| Advertising Fee | 9% | 5% |
| Year Founded | 1992 | 2017 |
| Year Franchised | 2003 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Core Progression | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Core Progression | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Core Progression | |
| 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 | Core Progression | |
| 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 | |
| Core Progression | |
| Franchise Fee | |
| Planet Fitness | |
| Core Progression | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Core Progression | 5% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Core Progression | 5% |
| Year Founded | |
| Planet Fitness | 1992 |
| Core Progression | 2017 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Core Progression | 2017 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Core Progression | |
| Renewal Fee | |
| Planet Fitness | |
| Core Progression | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Core Progression | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Core Progression | No |
| Start-up Costs | |
| Planet Fitness | |
| Core Progression | |
| Equipment | |
| Planet Fitness} | |
| Core Progression | |
| Inventory | |
| Planet Fitness | |
| Core Progression | |
| Receivables | |
| Planet Fitness | |
| Core Progression | |
| Payroll | |
| Planet Fitness | |
| Core Progression | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Core Progression | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Core Progression | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Core Progression | |
| 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) |
| Core Progression | |
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 |
| Core Progression | |
| Canada Expansion | |
| Planet Fitness | |
| Core Progression | |
| International Expansion | |
| Planet Fitness | |
| Core Progression | |