Start-Up Costs and Fees |
||
| Planet Fitness | Nitro Fitness for Men | |
| Investment | 968100 - 4113000 | 55500 - 76500 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | $498/month |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2004 |
| Year Franchised | 2003 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Nitro Fitness for Men | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Nitro Fitness for Men | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Planet Fitness | Nitro Fitness for Men | |
| 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 | Nitro Fitness for Men | |
| 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 | |
| Nitro Fitness for Men | |
| Franchise Fee | |
| Planet Fitness | |
| Nitro Fitness for Men | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Nitro Fitness for Men | $498/month |
| Advertising Fee | |
| Planet Fitness | 9% |
| Nitro Fitness for Men | |
| Year Founded | |
| Planet Fitness | 1992 |
| Nitro Fitness for Men | 2004 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Nitro Fitness for Men | 2004 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Nitro Fitness for Men | 7 years |
| Renewal Fee | |
| Planet Fitness | |
| Nitro Fitness for Men | $5,000 |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Nitro Fitness for Men | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Nitro Fitness for Men | No |
| Start-up Costs | |
| Planet Fitness | |
| Nitro Fitness for Men | |
| Equipment | |
| Planet Fitness} | |
| Nitro Fitness for Men | |
| Inventory | |
| Planet Fitness | |
| Nitro Fitness for Men | |
| Receivables | |
| Planet Fitness | |
| Nitro Fitness for Men | |
| Payroll | |
| Planet Fitness | |
| Nitro Fitness for Men | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Nitro Fitness for Men | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Nitro Fitness for Men | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Nitro Fitness for Men | |
| 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) |
| Nitro Fitness for Men | |
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 |
| Nitro Fitness for Men | |
| Canada Expansion | |
| Planet Fitness | |
| Nitro Fitness for Men | 0 |
| International Expansion | |
| Planet Fitness | |
| Nitro Fitness for Men | |