Start-Up Costs and Fees |
||
| Planet Fitness | Hungry Heart | |
| Investment | 968100 - 4113000 | 43000 - 57000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | 6% |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 1996 |
| Year Franchised | 2003 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Hungry Heart | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Hungry Heart | |
| 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 | Hungry Heart | |
| 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 | Hungry Heart | |
| 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 | |
| Hungry Heart | |
| Franchise Fee | |
| Planet Fitness | |
| Hungry Heart | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Hungry Heart | 6% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Hungry Heart | |
| Year Founded | |
| Planet Fitness | 1992 |
| Hungry Heart | 1996 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Hungry Heart | 2006 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Hungry Heart | 7 years |
| Renewal Fee | |
| Planet Fitness | |
| Hungry Heart | $500 |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Hungry Heart | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Hungry Heart | No |
| Start-up Costs | |
| Planet Fitness | |
| Hungry Heart | |
| Equipment | |
| Planet Fitness} | |
| Hungry Heart | |
| Inventory | |
| Planet Fitness | |
| Hungry Heart | |
| Receivables | |
| Planet Fitness | |
| Hungry Heart | |
| Payroll | |
| Planet Fitness | |
| Hungry Heart | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Hungry Heart | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Hungry Heart | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Hungry Heart | |
| 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) |
| Hungry Heart | |
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 |
| Hungry Heart | |
| Canada Expansion | |
| Planet Fitness | |
| Hungry Heart | |
| International Expansion | |
| Planet Fitness | |
| Hungry Heart | |