Planet Fitness vs HIT Center, The Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Planet Fitness vs HIT Center, The including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Planet Fitness HIT Center, The
Investment 968100 - 4113000 500000 - 500000
Franchise Fee
Royalty Fee 7% of Gross Membership Fees 5%
Advertising Fee 9%
Year Founded 1992 2000
Year Franchised 2003 2003
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Planet Fitness HIT Center, The
Experience

Financing Options
  Planet Fitness HIT Center, The
 
Franchise Fees No No
Start-up Costs No No
Equipment No No
Inventory No No
Receivables No No
Payroll No No

Training & Support
  Planet Fitness HIT Center, The
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 HIT Center, The
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
HIT Center, The
Franchise Fee
Planet Fitness
HIT Center, The
Royalty Fee
Planet Fitness 7% of Gross Membership Fees
HIT Center, The 5%
Advertising Fee
Planet Fitness 9%
HIT Center, The
Year Founded
Planet Fitness 1992
HIT Center, The 2000
Year Franchised
Planet Fitness 2003
HIT Center, The 2003
Term Of Agreement
Planet Fitness 10 years
HIT Center, The 10 years
Renewal Fee
Planet Fitness
HIT Center, The


Business Experience Requirements
Experience
Planet Fitness
HIT Center, The

Financing Options
 
Franchise Fees
Planet Fitness No
HIT Center, The No
Start-up Costs
Planet Fitness
HIT Center, The
Equipment
Planet Fitness}
HIT Center, The
Inventory
Planet Fitness
HIT Center, The
Receivables
Planet Fitness
HIT Center, The
Payroll
Planet Fitness
HIT Center, The

Training & Support
Training
Planet Fitness * Available at headquarters: 2 weeks * At franchisee's location: as needed
HIT Center, The
Support
Planet Fitness * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives
HIT Center, The
Marketing
Planet Fitness * Co-op advertising * Ad slicks * Regional advertising
HIT Center, The
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)
HIT Center, The

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
HIT Center, The
Canada Expansion
Planet Fitness
HIT Center, The 0
International Expansion
Planet Fitness
HIT Center, The