Start-Up Costs and Fees |
||
| Planet Fitness | Plus Fitness 24/7 | |
| Investment | 968100 - 4113000 | 298000 - 999999 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 1998 |
| Year Franchised | 2003 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Plus Fitness 24/7 | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Plus Fitness 24/7 | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Plus Fitness 24/7 | |
| 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 | Plus Fitness 24/7 | |
| 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 | Australia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Planet Fitness | |
| Plus Fitness 24/7 | |
| Franchise Fee | |
| Planet Fitness | |
| Plus Fitness 24/7 | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Plus Fitness 24/7 | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Plus Fitness 24/7 | |
| Year Founded | |
| Planet Fitness | 1992 |
| Plus Fitness 24/7 | 1998 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Plus Fitness 24/7 | 1998 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Plus Fitness 24/7 | |
| Renewal Fee | |
| Planet Fitness | |
| Plus Fitness 24/7 | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Plus Fitness 24/7 | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Plus Fitness 24/7 | No |
| Start-up Costs | |
| Planet Fitness | |
| Plus Fitness 24/7 | |
| Equipment | |
| Planet Fitness} | |
| Plus Fitness 24/7 | |
| Inventory | |
| Planet Fitness | |
| Plus Fitness 24/7 | |
| Receivables | |
| Planet Fitness | |
| Plus Fitness 24/7 | |
| Payroll | |
| Planet Fitness | |
| Plus Fitness 24/7 | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Plus Fitness 24/7 | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Plus Fitness 24/7 | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Plus Fitness 24/7 | |
| 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) |
| Plus Fitness 24/7 | |
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 |
| Plus Fitness 24/7 | |
| Canada Expansion | |
| Planet Fitness | |
| Plus Fitness 24/7 | |
| International Expansion | |
| Planet Fitness | |
| Plus Fitness 24/7 | Australia |