Start-Up Costs and Fees |
||
| Planet Fitness | QuickHIT Fitness Lab | |
| Investment | 968100 - 4113000 | 127830 - 157500 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2017 |
| Year Franchised | 2003 | 2018 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | QuickHIT Fitness Lab | |
| Experience | ||
Financing Options |
||
| Planet Fitness | QuickHIT Fitness Lab | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | QuickHIT Fitness Lab | |
| 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 | QuickHIT Fitness Lab | |
| 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, 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 | |
| QuickHIT Fitness Lab | |
| Franchise Fee | |
| Planet Fitness | |
| QuickHIT Fitness Lab | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| QuickHIT Fitness Lab | |
| Advertising Fee | |
| Planet Fitness | 9% |
| QuickHIT Fitness Lab | |
| Year Founded | |
| Planet Fitness | 1992 |
| QuickHIT Fitness Lab | 2017 |
| Year Franchised | |
| Planet Fitness | 2003 |
| QuickHIT Fitness Lab | 2018 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| QuickHIT Fitness Lab | |
| Renewal Fee | |
| Planet Fitness | |
| QuickHIT Fitness Lab | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| QuickHIT Fitness Lab | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| QuickHIT Fitness Lab | No |
| Start-up Costs | |
| Planet Fitness | |
| QuickHIT Fitness Lab | |
| Equipment | |
| Planet Fitness} | |
| QuickHIT Fitness Lab | |
| Inventory | |
| Planet Fitness | |
| QuickHIT Fitness Lab | |
| Receivables | |
| Planet Fitness | |
| QuickHIT Fitness Lab | |
| Payroll | |
| Planet Fitness | |
| QuickHIT Fitness Lab | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| QuickHIT Fitness Lab | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| QuickHIT Fitness Lab | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| QuickHIT Fitness Lab | |
| 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) |
| QuickHIT Fitness Lab | |
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 |
| QuickHIT Fitness Lab | 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 | |
| Planet Fitness | |
| QuickHIT Fitness Lab | |
| International Expansion | |
| Planet Fitness | |
| QuickHIT Fitness Lab | |