Start-Up Costs and Fees |
||
| Planet Fitness | Nifty after Fifty | |
| Investment | 968100 - 4113000 | 197000 - 650000 |
| 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 | Nifty after Fifty | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Nifty after Fifty | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Nifty after Fifty | |
| 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 | Nifty after Fifty | |
| 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 | |
| Nifty after Fifty | |
| Franchise Fee | |
| Planet Fitness | |
| Nifty after Fifty | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Nifty after Fifty | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Nifty after Fifty | |
| Year Founded | |
| Planet Fitness | 1992 |
| Nifty after Fifty | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Nifty after Fifty | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Nifty after Fifty | |
| Renewal Fee | |
| Planet Fitness | |
| Nifty after Fifty | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Nifty after Fifty | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Nifty after Fifty | No |
| Start-up Costs | |
| Planet Fitness | |
| Nifty after Fifty | |
| Equipment | |
| Planet Fitness} | |
| Nifty after Fifty | |
| Inventory | |
| Planet Fitness | |
| Nifty after Fifty | |
| Receivables | |
| Planet Fitness | |
| Nifty after Fifty | |
| Payroll | |
| Planet Fitness | |
| Nifty after Fifty | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Nifty after Fifty | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Nifty after Fifty | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Nifty after Fifty | |
| 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) |
| Nifty after Fifty | |
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 |
| Nifty after Fifty | |
| Canada Expansion | |
| Planet Fitness | |
| Nifty after Fifty | |
| International Expansion | |
| Planet Fitness | |
| Nifty after Fifty | |