Start-Up Costs and Fees |
||
| Planet Fitness | MD Diet Weight Loss & Nutrition | |
| Investment | 968100 - 4113000 | 100000 - 100000 |
| 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 | MD Diet Weight Loss & Nutrition | |
| Experience | ||
Financing Options |
||
| Planet Fitness | MD Diet Weight Loss & Nutrition | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | MD Diet Weight Loss & Nutrition | |
| 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 | MD Diet Weight Loss & Nutrition | |
| 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 | |
| MD Diet Weight Loss & Nutrition | |
| Franchise Fee | |
| Planet Fitness | |
| MD Diet Weight Loss & Nutrition | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| MD Diet Weight Loss & Nutrition | |
| Advertising Fee | |
| Planet Fitness | 9% |
| MD Diet Weight Loss & Nutrition | |
| Year Founded | |
| Planet Fitness | 1992 |
| MD Diet Weight Loss & Nutrition | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| MD Diet Weight Loss & Nutrition | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| MD Diet Weight Loss & Nutrition | |
| Renewal Fee | |
| Planet Fitness | |
| MD Diet Weight Loss & Nutrition | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| MD Diet Weight Loss & Nutrition | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| MD Diet Weight Loss & Nutrition | No |
| Start-up Costs | |
| Planet Fitness | |
| MD Diet Weight Loss & Nutrition | |
| Equipment | |
| Planet Fitness} | |
| MD Diet Weight Loss & Nutrition | |
| Inventory | |
| Planet Fitness | |
| MD Diet Weight Loss & Nutrition | |
| Receivables | |
| Planet Fitness | |
| MD Diet Weight Loss & Nutrition | |
| Payroll | |
| Planet Fitness | |
| MD Diet Weight Loss & Nutrition | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| MD Diet Weight Loss & Nutrition | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| MD Diet Weight Loss & Nutrition | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| MD Diet Weight Loss & Nutrition | |
| 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) |
| MD Diet Weight Loss & Nutrition | |
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 |
| MD Diet Weight Loss & Nutrition | |
| Canada Expansion | |
| Planet Fitness | |
| MD Diet Weight Loss & Nutrition | |
| International Expansion | |
| Planet Fitness | |
| MD Diet Weight Loss & Nutrition | |