Start-Up Costs and Fees |
||
| Planet Fitness | Cuts Fitness For Men | |
| Investment | 968100 - 4113000 | 33600 - 77900 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | $400/mo. |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2003 |
| Year Franchised | 2003 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Cuts Fitness For Men | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Planet Fitness | Cuts Fitness For Men | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Planet Fitness | Cuts Fitness For Men | |
| 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 | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | * Co-op advertising * Ad slicks * Regional advertising | Co-op advertising, 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) | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Planet Fitness | Cuts Fitness For Men | |
| 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 | |
| Cuts Fitness For Men | |
| Franchise Fee | |
| Planet Fitness | |
| Cuts Fitness For Men | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Cuts Fitness For Men | $400/mo. |
| Advertising Fee | |
| Planet Fitness | 9% |
| Cuts Fitness For Men | |
| Year Founded | |
| Planet Fitness | 1992 |
| Cuts Fitness For Men | 2003 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Cuts Fitness For Men | 2003 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Cuts Fitness For Men | 10 years |
| Renewal Fee | |
| Planet Fitness | |
| Cuts Fitness For Men | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Cuts Fitness For Men | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Cuts Fitness For Men | No |
| Start-up Costs | |
| Planet Fitness | |
| Cuts Fitness For Men | |
| Equipment | |
| Planet Fitness} | |
| Cuts Fitness For Men | |
| Inventory | |
| Planet Fitness | |
| Cuts Fitness For Men | |
| Receivables | |
| Planet Fitness | |
| Cuts Fitness For Men | |
| Payroll | |
| Planet Fitness | |
| Cuts Fitness For Men | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Cuts Fitness For Men | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Cuts Fitness For Men | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Cuts Fitness For Men | Co-op advertising, Regional advertising |
| 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) |
| Cuts Fitness For Men | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 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 |
| Cuts Fitness For Men | |
| Canada Expansion | |
| Planet Fitness | |
| Cuts Fitness For Men | 0 |
| International Expansion | |
| Planet Fitness | |
| Cuts Fitness For Men | |