Start-Up Costs and Fees |
||
| Planet Fitness | Kidz On The Go | |
| Investment | 968100 - 4113000 | 100000 - 125000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | 7% |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 1993 |
| Year Franchised | 2003 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Kidz On The Go | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Kidz On The Go | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Kidz On The Go | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | You can count on all the training and on-going support you'll need to succeed. |
| 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) | Superior Business Model You manage Kidz On The Go from home, but you offer programs at existing facilities (Childcare Centers, Pre-Schools, Public and Private Elementary Schools, Camps, Special Events, Private Parties, etc.). This means that you are offering an additional service to someone else's established customer base. Kidz On The Go is attractive to them because you offer a unique mobile, complimentary, turn-key enrichment program. For you, overhead is low because you use their facility, and your "customers" are already in place. |
Expansion Plans |
||
| Planet Fitness | Kidz On The Go | |
| 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 | |
| Kidz On The Go | |
| Franchise Fee | |
| Planet Fitness | |
| Kidz On The Go | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Kidz On The Go | 7% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Kidz On The Go | |
| Year Founded | |
| Planet Fitness | 1992 |
| Kidz On The Go | 1993 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Kidz On The Go | 2007 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Kidz On The Go | |
| Renewal Fee | |
| Planet Fitness | |
| Kidz On The Go | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Kidz On The Go | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Kidz On The Go | No |
| Start-up Costs | |
| Planet Fitness | |
| Kidz On The Go | |
| Equipment | |
| Planet Fitness} | |
| Kidz On The Go | |
| Inventory | |
| Planet Fitness | |
| Kidz On The Go | |
| Receivables | |
| Planet Fitness | |
| Kidz On The Go | |
| Payroll | |
| Planet Fitness | |
| Kidz On The Go | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Kidz On The Go | You can count on all the training and on-going support you'll need to succeed. |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Kidz On The Go | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Kidz On The Go | |
| 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) |
| Kidz On The Go | Superior Business Model You manage Kidz On The Go from home, but you offer programs at existing facilities (Childcare Centers, Pre-Schools, Public and Private Elementary Schools, Camps, Special Events, Private Parties, etc.). This means that you are offering an additional service to someone else's established customer base. Kidz On The Go is attractive to them because you offer a unique mobile, complimentary, turn-key enrichment program. For you, overhead is low because you use their facility, and your "customers" are already in place. |
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 |
| Kidz On The Go | |
| Canada Expansion | |
| Planet Fitness | |
| Kidz On The Go | |
| International Expansion | |
| Planet Fitness | |
| Kidz On The Go | |