Start-Up Costs and Fees |
||
| Planet Fitness | Fit after Fifty | |
| Investment | 968100 - 4113000 | 39800 - 47200 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2003 |
| Year Franchised | 2003 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Fit after Fifty | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Fit after Fifty | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Fit after Fifty | |
| 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 | Fit after Fifty | |
| 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 | |
| Fit after Fifty | |
| Franchise Fee | |
| Planet Fitness | |
| Fit after Fifty | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Fit after Fifty | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Fit after Fifty | |
| Year Founded | |
| Planet Fitness | 1992 |
| Fit after Fifty | 2003 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Fit after Fifty | 2004 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Fit after Fifty | |
| Renewal Fee | |
| Planet Fitness | |
| Fit after Fifty | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Fit after Fifty | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Fit after Fifty | No |
| Start-up Costs | |
| Planet Fitness | |
| Fit after Fifty | |
| Equipment | |
| Planet Fitness} | |
| Fit after Fifty | |
| Inventory | |
| Planet Fitness | |
| Fit after Fifty | |
| Receivables | |
| Planet Fitness | |
| Fit after Fifty | |
| Payroll | |
| Planet Fitness | |
| Fit after Fifty | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Fit after Fifty | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Fit after Fifty | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Fit after Fifty | |
| 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) |
| Fit after Fifty | |
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 |
| Fit after Fifty | |
| Canada Expansion | |
| Planet Fitness | |
| Fit after Fifty | 0 |
| International Expansion | |
| Planet Fitness | |
| Fit after Fifty | |