Start-Up Costs and Fees |
||
| Planet Fitness | Healthy Times Newspaper | |
| Investment | 968100 - 4113000 | 18500 - 29100 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | $500/ month |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2004 |
| Year Franchised | 2003 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Healthy Times Newspaper | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Healthy Times Newspaper | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Healthy Times Newspaper | |
| 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 | Best Training and Support in the Industry, Be in Business for Yourself, Not by Yourself. You will have access to ongoing marketing and retail items available to operate your business. We want you to be successful, so we don't just get you started - you get continued support every step of the way! |
| 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) | Number of employees needed to run franchised unit: 0 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Planet Fitness | Healthy Times Newspaper | |
| 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 | |
| Healthy Times Newspaper | |
| Franchise Fee | |
| Planet Fitness | |
| Healthy Times Newspaper | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Healthy Times Newspaper | $500/ month |
| Advertising Fee | |
| Planet Fitness | 9% |
| Healthy Times Newspaper | |
| Year Founded | |
| Planet Fitness | 1992 |
| Healthy Times Newspaper | 2004 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Healthy Times Newspaper | 2007 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Healthy Times Newspaper | 10 years |
| Renewal Fee | |
| Planet Fitness | |
| Healthy Times Newspaper | $2,000 |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Healthy Times Newspaper | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Healthy Times Newspaper | No |
| Start-up Costs | |
| Planet Fitness | |
| Healthy Times Newspaper | |
| Equipment | |
| Planet Fitness} | |
| Healthy Times Newspaper | |
| Inventory | |
| Planet Fitness | |
| Healthy Times Newspaper | |
| Receivables | |
| Planet Fitness | |
| Healthy Times Newspaper | |
| Payroll | |
| Planet Fitness | |
| Healthy Times Newspaper | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Healthy Times Newspaper | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Healthy Times Newspaper | Best Training and Support in the Industry, Be in Business for Yourself, Not by Yourself. You will have access to ongoing marketing and retail items available to operate your business. We want you to be successful, so we don't just get you started - you get continued support every step of the way! |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Healthy Times Newspaper | |
| 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) |
| Healthy Times Newspaper | Number of employees needed to run franchised unit: 0 Absentee ownership of franchise is allowed. |
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 |
| Healthy Times Newspaper | |
| Canada Expansion | |
| Planet Fitness | |
| Healthy Times Newspaper | |
| International Expansion | |
| Planet Fitness | |
| Healthy Times Newspaper | |