Start-Up Costs and Fees |
||
| Planet Fitness | Physicians Weight Loss Centers | |
| Investment | 968100 - 4113000 | 95643 - 173857 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 1979 |
| Year Franchised | 2003 | 1980 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Physicians Weight Loss Centers | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Physicians Weight Loss Centers | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Physicians Weight Loss Centers | |
| 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 | Physicians Weight Loss Centers | |
| 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 | Nationwide, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |
| Franchise Fee | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Physicians Weight Loss Centers | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Physicians Weight Loss Centers | |
| Year Founded | |
| Planet Fitness | 1992 |
| Physicians Weight Loss Centers | 1979 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Physicians Weight Loss Centers | 1980 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Physicians Weight Loss Centers | |
| Renewal Fee | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Physicians Weight Loss Centers | No |
| Start-up Costs | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |
| Equipment | |
| Planet Fitness} | |
| Physicians Weight Loss Centers | |
| Inventory | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |
| Receivables | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |
| Payroll | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Physicians Weight Loss Centers | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Physicians Weight Loss Centers | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Physicians Weight Loss Centers | |
| 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) |
| Physicians Weight Loss Centers | |
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 |
| Physicians Weight Loss Centers | Nationwide, |
| Canada Expansion | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |
| International Expansion | |
| Planet Fitness | |
| Physicians Weight Loss Centers | |