Start-Up Costs and Fees |
||
| Planet Fitness | Smart for Life | |
| Investment | 968100 - 4113000 | 0 - 0 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2002 |
| Year Franchised | 2003 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Smart for Life | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Smart for Life | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Smart for Life | |
| 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 | Smart for Life | |
| 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 | |
| Smart for Life | |
| Franchise Fee | |
| Planet Fitness | |
| Smart for Life | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Smart for Life | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Smart for Life | |
| Year Founded | |
| Planet Fitness | 1992 |
| Smart for Life | 2002 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Smart for Life | 2004 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Smart for Life | |
| Renewal Fee | |
| Planet Fitness | |
| Smart for Life | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Smart for Life | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Smart for Life | No |
| Start-up Costs | |
| Planet Fitness | |
| Smart for Life | |
| Equipment | |
| Planet Fitness} | |
| Smart for Life | |
| Inventory | |
| Planet Fitness | |
| Smart for Life | |
| Receivables | |
| Planet Fitness | |
| Smart for Life | |
| Payroll | |
| Planet Fitness | |
| Smart for Life | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Smart for Life | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Smart for Life | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Smart for Life | |
| 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) |
| Smart for Life | |
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 |
| Smart for Life | |
| Canada Expansion | |
| Planet Fitness | |
| Smart for Life | 0 |
| International Expansion | |
| Planet Fitness | |
| Smart for Life | |