Start-Up Costs and Fees |
||
| Planet Fitness | Express Train | |
| Investment | 968100 - 4113000 | 73700 - 130000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | 5% |
| Advertising Fee | 9% | 3% |
| Year Founded | 1992 | 2005 |
| Year Franchised | 2003 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Express Train | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Express Train | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Express Train | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | * Available at headquarters: 3 days * At franchisee's location: 3 days |
| Support | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | National Marketing Campaign On Going Training Support Visits Marketing Support Person Training & Certification Support Person Human Resources Support & Hiring Support Annual Franchisee Conference |
| 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 | Express Train | |
| 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 | |
| Express Train | |
| Franchise Fee | |
| Planet Fitness | |
| Express Train | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Express Train | 5% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Express Train | 3% |
| Year Founded | |
| Planet Fitness | 1992 |
| Express Train | 2005 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Express Train | 2005 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Express Train | 5 Years |
| Renewal Fee | |
| Planet Fitness | |
| Express Train | $5,000 |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Express Train | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Express Train | No |
| Start-up Costs | |
| Planet Fitness | |
| Express Train | |
| Equipment | |
| Planet Fitness} | |
| Express Train | |
| Inventory | |
| Planet Fitness | |
| Express Train | |
| Receivables | |
| Planet Fitness | |
| Express Train | |
| Payroll | |
| Planet Fitness | |
| Express Train | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Express Train | * Available at headquarters: 3 days * At franchisee's location: 3 days |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Express Train | National Marketing Campaign On Going Training Support Visits Marketing Support Person Training & Certification Support Person Human Resources Support & Hiring Support Annual Franchisee Conference |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Express Train | |
| 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) |
| Express Train | |
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 |
| Express Train | |
| Canada Expansion | |
| Planet Fitness | |
| Express Train | |
| International Expansion | |
| Planet Fitness | |
| Express Train | |