Start-Up Costs and Fees |
||
| Planet Fitness | Shape Up Sisters | |
| Investment | 968100 - 4113000 | 40000 - 51000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | $375/mo. |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2002 |
| Year Franchised | 2003 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Shape Up Sisters | |
| Experience | Must enjoy working with & helping people | |
Financing Options |
||
| Planet Fitness | Shape Up Sisters | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Planet Fitness | Shape Up Sisters | |
| 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 | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | * Co-op advertising * Ad slicks * Regional 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) | Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
| Planet Fitness | Shape Up Sisters | |
| 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 | |
| Shape Up Sisters | |
| Franchise Fee | |
| Planet Fitness | |
| Shape Up Sisters | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Shape Up Sisters | $375/mo. |
| Advertising Fee | |
| Planet Fitness | 9% |
| Shape Up Sisters | |
| Year Founded | |
| Planet Fitness | 1992 |
| Shape Up Sisters | 2002 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Shape Up Sisters | 2002 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Shape Up Sisters | 10 years |
| Renewal Fee | |
| Planet Fitness | |
| Shape Up Sisters | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Shape Up Sisters | Must enjoy working with & helping people |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Shape Up Sisters | No |
| Start-up Costs | |
| Planet Fitness | |
| Shape Up Sisters | |
| Equipment | |
| Planet Fitness} | |
| Shape Up Sisters | |
| Inventory | |
| Planet Fitness | |
| Shape Up Sisters | |
| Receivables | |
| Planet Fitness | |
| Shape Up Sisters | |
| Payroll | |
| Planet Fitness | |
| Shape Up Sisters | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Shape Up Sisters | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Shape Up Sisters | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Shape Up Sisters | Ad slicks, Regional advertising |
| 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) |
| Shape Up Sisters | Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. |
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 |
| Shape Up Sisters | |
| Canada Expansion | |
| Planet Fitness | |
| Shape Up Sisters | 0 |
| International Expansion | |
| Planet Fitness | |
| Shape Up Sisters | |