Start-Up Costs and Fees |
||
| Planet Fitness | Farrell's eXtreme Bodyshaping | |
| Investment | 968100 - 4113000 | 130000 - 383900 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2006 |
| Year Franchised | 2003 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Farrell's eXtreme Bodyshaping | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Farrell's eXtreme Bodyshaping | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Farrell's eXtreme Bodyshaping | |
| 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 | Farrell's eXtreme Bodyshaping | |
| 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 | 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 | |
| Farrell's eXtreme Bodyshaping | |
| Franchise Fee | |
| Planet Fitness | |
| Farrell's eXtreme Bodyshaping | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Farrell's eXtreme Bodyshaping | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Farrell's eXtreme Bodyshaping | |
| Year Founded | |
| Planet Fitness | 1992 |
| Farrell's eXtreme Bodyshaping | 2006 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Farrell's eXtreme Bodyshaping | 2007 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Farrell's eXtreme Bodyshaping | |
| Renewal Fee | |
| Planet Fitness | |
| Farrell's eXtreme Bodyshaping | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Farrell's eXtreme Bodyshaping | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Farrell's eXtreme Bodyshaping | No |
| Start-up Costs | |
| Planet Fitness | |
| Farrell's eXtreme Bodyshaping | |
| Equipment | |
| Planet Fitness} | |
| Farrell's eXtreme Bodyshaping | |
| Inventory | |
| Planet Fitness | |
| Farrell's eXtreme Bodyshaping | |
| Receivables | |
| Planet Fitness | |
| Farrell's eXtreme Bodyshaping | |
| Payroll | |
| Planet Fitness | |
| Farrell's eXtreme Bodyshaping | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Farrell's eXtreme Bodyshaping | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Farrell's eXtreme Bodyshaping | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Farrell's eXtreme Bodyshaping | |
| 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) |
| Farrell's eXtreme Bodyshaping | |
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 |
| Farrell's eXtreme Bodyshaping | 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 | |
| Planet Fitness | |
| Farrell's eXtreme Bodyshaping | |
| International Expansion | |
| Planet Fitness | |
| Farrell's eXtreme Bodyshaping | |