Start-Up Costs and Fees |
||
| Planet Fitness | Precision Fitness | |
| Investment | 968100 - 4113000 | 87550 - 107000 |
| 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 | Precision Fitness | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Precision Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Precision Fitness | |
| 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 | Precision 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 | |
| Precision Fitness | |
| Franchise Fee | |
| Planet Fitness | |
| Precision Fitness | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Precision Fitness | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Precision Fitness | |
| Year Founded | |
| Planet Fitness | 1992 |
| Precision Fitness | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Precision Fitness | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Precision Fitness | |
| Renewal Fee | |
| Planet Fitness | |
| Precision Fitness | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Precision Fitness | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Precision Fitness | No |
| Start-up Costs | |
| Planet Fitness | |
| Precision Fitness | |
| Equipment | |
| Planet Fitness} | |
| Precision Fitness | |
| Inventory | |
| Planet Fitness | |
| Precision Fitness | |
| Receivables | |
| Planet Fitness | |
| Precision Fitness | |
| Payroll | |
| Planet Fitness | |
| Precision Fitness | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Precision Fitness | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Precision Fitness | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Precision Fitness | |
| 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) |
| Precision Fitness | |
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 |
| Precision Fitness | |
| Canada Expansion | |
| Planet Fitness | |
| Precision Fitness | |
| International Expansion | |
| Planet Fitness | |
| Precision Fitness | |