Start-Up Costs and Fees |
||
| Planet Fitness | Hy-Tech Weight Loss | |
| Investment | 968100 - 4113000 | 44100 - 117500 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2004 |
| Year Franchised | 2003 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Hy-Tech Weight Loss | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Hy-Tech Weight Loss | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Hy-Tech Weight Loss | |
| 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 | Hy-Tech Weight Loss | |
| 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 | |
| Hy-Tech Weight Loss | |
| Franchise Fee | |
| Planet Fitness | |
| Hy-Tech Weight Loss | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Hy-Tech Weight Loss | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Hy-Tech Weight Loss | |
| Year Founded | |
| Planet Fitness | 1992 |
| Hy-Tech Weight Loss | 2004 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Hy-Tech Weight Loss | 2005 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Hy-Tech Weight Loss | |
| Renewal Fee | |
| Planet Fitness | |
| Hy-Tech Weight Loss | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Hy-Tech Weight Loss | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Hy-Tech Weight Loss | No |
| Start-up Costs | |
| Planet Fitness | |
| Hy-Tech Weight Loss | |
| Equipment | |
| Planet Fitness} | |
| Hy-Tech Weight Loss | |
| Inventory | |
| Planet Fitness | |
| Hy-Tech Weight Loss | |
| Receivables | |
| Planet Fitness | |
| Hy-Tech Weight Loss | |
| Payroll | |
| Planet Fitness | |
| Hy-Tech Weight Loss | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Hy-Tech Weight Loss | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Hy-Tech Weight Loss | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Hy-Tech Weight Loss | |
| 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) |
| Hy-Tech Weight Loss | |
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 |
| Hy-Tech Weight Loss | |
| Canada Expansion | |
| Planet Fitness | |
| Hy-Tech Weight Loss | 0 |
| International Expansion | |
| Planet Fitness | |
| Hy-Tech Weight Loss | |