Start-Up Costs and Fees |
||
| Planet Fitness | Form YOU 3 | |
| Investment | 968100 - 4113000 | 33000 - 43000 |
| Franchise Fee | 0 | |
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 0 |
| Year Franchised | 2003 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Form YOU 3 | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Form YOU 3 | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Form YOU 3 | |
| 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 | Form YOU 3 | |
| 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 | |
| Form YOU 3 | |
| Franchise Fee | |
| Planet Fitness | |
| Form YOU 3 | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Form YOU 3 | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Form YOU 3 | |
| Year Founded | |
| Planet Fitness | 1992 |
| Form YOU 3 | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Form YOU 3 | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Form YOU 3 | |
| Renewal Fee | |
| Planet Fitness | |
| Form YOU 3 | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Form YOU 3 | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Form YOU 3 | No |
| Start-up Costs | |
| Planet Fitness | |
| Form YOU 3 | |
| Equipment | |
| Planet Fitness} | |
| Form YOU 3 | |
| Inventory | |
| Planet Fitness | |
| Form YOU 3 | |
| Receivables | |
| Planet Fitness | |
| Form YOU 3 | |
| Payroll | |
| Planet Fitness | |
| Form YOU 3 | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Form YOU 3 | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Form YOU 3 | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Form YOU 3 | |
| 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) |
| Form YOU 3 | |
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 |
| Form YOU 3 | |
| Canada Expansion | |
| Planet Fitness | |
| Form YOU 3 | |
| International Expansion | |
| Planet Fitness | |
| Form YOU 3 | |