Start-Up Costs and Fees |
||
| Planet Fitness | Fitness Premier | |
| Investment | 968100 - 4113000 | 294850 - 621500 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2006 |
| Year Franchised | 2003 | 2016 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Fitness Premier | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Fitness Premier | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Fitness Premier | |
| 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 | Fitness Premier | |
| 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 | |
| Fitness Premier | |
| Franchise Fee | |
| Planet Fitness | |
| Fitness Premier | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Fitness Premier | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Fitness Premier | |
| Year Founded | |
| Planet Fitness | 1992 |
| Fitness Premier | 2006 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Fitness Premier | 2016 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Fitness Premier | |
| Renewal Fee | |
| Planet Fitness | |
| Fitness Premier | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Fitness Premier | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Fitness Premier | No |
| Start-up Costs | |
| Planet Fitness | |
| Fitness Premier | |
| Equipment | |
| Planet Fitness} | |
| Fitness Premier | |
| Inventory | |
| Planet Fitness | |
| Fitness Premier | |
| Receivables | |
| Planet Fitness | |
| Fitness Premier | |
| Payroll | |
| Planet Fitness | |
| Fitness Premier | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Fitness Premier | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Fitness Premier | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Fitness Premier | |
| 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) |
| Fitness Premier | |
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 |
| Fitness Premier | |
| Canada Expansion | |
| Planet Fitness | |
| Fitness Premier | |
| International Expansion | |
| Planet Fitness | |
| Fitness Premier | |