Start-Up Costs and Fees |
||
| Planet Fitness | Orange Shoe Personal Fitness | |
| Investment | 968100 - 4113000 | 96600 - 325000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | 6% |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2007 |
| Year Franchised | 2003 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Orange Shoe Personal Fitness | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Orange Shoe Personal Fitness | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Planet Fitness | Orange Shoe Personal Fitness | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: as needed | Available at headquarters: 8 days. At franchisee's location: 8 days. Online training : 4 days. |
| Support | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives | Newsletter Meetings Toll-free phone line Grand opening Internet Security/safety procedures Field operations/evaluations |
| Marketing | * Co-op advertising * Ad slicks * Regional advertising | Co-op advertising Ad slicks |
| Operations | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | 25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators). |
Expansion Plans |
||
| Planet Fitness | Orange Shoe Personal Fitness | |
| 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 | |
| Orange Shoe Personal Fitness | |
| Franchise Fee | |
| Planet Fitness | |
| Orange Shoe Personal Fitness | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Orange Shoe Personal Fitness | 6% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Orange Shoe Personal Fitness | |
| Year Founded | |
| Planet Fitness | 1992 |
| Orange Shoe Personal Fitness | 2007 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Orange Shoe Personal Fitness | 2009 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Orange Shoe Personal Fitness | 10 years |
| Renewal Fee | |
| Planet Fitness | |
| Orange Shoe Personal Fitness | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Orange Shoe Personal Fitness | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Orange Shoe Personal Fitness | No |
| Start-up Costs | |
| Planet Fitness | |
| Orange Shoe Personal Fitness | |
| Equipment | |
| Planet Fitness} | |
| Orange Shoe Personal Fitness | |
| Inventory | |
| Planet Fitness | |
| Orange Shoe Personal Fitness | |
| Receivables | |
| Planet Fitness | |
| Orange Shoe Personal Fitness | |
| Payroll | |
| Planet Fitness | |
| Orange Shoe Personal Fitness | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Orange Shoe Personal Fitness | Available at headquarters: 8 days. At franchisee's location: 8 days. Online training : 4 days. |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Orange Shoe Personal Fitness | Newsletter Meetings Toll-free phone line Grand opening Internet Security/safety procedures Field operations/evaluations |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Orange Shoe Personal Fitness | Co-op advertising Ad slicks |
| 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) |
| Orange Shoe Personal Fitness | 25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators). |
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 |
| Orange Shoe Personal Fitness | |
| Canada Expansion | |
| Planet Fitness | |
| Orange Shoe Personal Fitness | |
| International Expansion | |
| Planet Fitness | |
| Orange Shoe Personal Fitness | |