Start-Up Costs and Fees |
||
| Planet Fitness | Koko FitClub | |
| Investment | 968100 - 4113000 | 185260 - 396312 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 0 |
| Year Franchised | 2003 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Koko FitClub | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Koko FitClub | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Koko FitClub | |
| 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 | Koko FitClub | |
| 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 | |
| Koko FitClub | |
| Franchise Fee | |
| Planet Fitness | |
| Koko FitClub | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Koko FitClub | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Koko FitClub | |
| Year Founded | |
| Planet Fitness | 1992 |
| Koko FitClub | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Koko FitClub | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Koko FitClub | |
| Renewal Fee | |
| Planet Fitness | |
| Koko FitClub | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Koko FitClub | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Koko FitClub | No |
| Start-up Costs | |
| Planet Fitness | |
| Koko FitClub | |
| Equipment | |
| Planet Fitness} | |
| Koko FitClub | |
| Inventory | |
| Planet Fitness | |
| Koko FitClub | |
| Receivables | |
| Planet Fitness | |
| Koko FitClub | |
| Payroll | |
| Planet Fitness | |
| Koko FitClub | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Koko FitClub | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Koko FitClub | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Koko FitClub | |
| 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) |
| Koko FitClub | |
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 |
| Koko FitClub | |
| Canada Expansion | |
| Planet Fitness | |
| Koko FitClub | |
| International Expansion | |
| Planet Fitness | |
| Koko FitClub | |