Start-Up Costs and Fees |
||
| Planet Fitness | Prime Time Boxing | |
| Investment | 968100 - 4113000 | 119600 - 149250 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | 6% |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 1998 |
| Year Franchised | 2003 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Prime Time Boxing | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Prime Time Boxing | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Prime Time Boxing | |
| 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 | Prime Time Boxing | |
| 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 | |
| Prime Time Boxing | |
| Franchise Fee | |
| Planet Fitness | |
| Prime Time Boxing | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Prime Time Boxing | 6% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Prime Time Boxing | |
| Year Founded | |
| Planet Fitness | 1992 |
| Prime Time Boxing | 1998 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Prime Time Boxing | 2007 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Prime Time Boxing | |
| Renewal Fee | |
| Planet Fitness | |
| Prime Time Boxing | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Prime Time Boxing | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Prime Time Boxing | No |
| Start-up Costs | |
| Planet Fitness | |
| Prime Time Boxing | |
| Equipment | |
| Planet Fitness} | |
| Prime Time Boxing | |
| Inventory | |
| Planet Fitness | |
| Prime Time Boxing | |
| Receivables | |
| Planet Fitness | |
| Prime Time Boxing | |
| Payroll | |
| Planet Fitness | |
| Prime Time Boxing | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Prime Time Boxing | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Prime Time Boxing | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Prime Time Boxing | |
| 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) |
| Prime Time Boxing | |
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 |
| Prime Time Boxing | |
| Canada Expansion | |
| Planet Fitness | |
| Prime Time Boxing | 0 |
| International Expansion | |
| Planet Fitness | |
| Prime Time Boxing | |