Planet Fitness vs Stretch U Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Planet Fitness vs Stretch U including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Planet Fitness Stretch U
Investment 968100 - 4113000 49650 - 508306
Franchise Fee
Royalty Fee 7% of Gross Membership Fees 6%
Advertising Fee 9% 2%
Year Founded 1992 2010
Year Franchised 2003 2012
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Planet Fitness Stretch U
Experience

Financing Options
  Planet Fitness Stretch U
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Planet Fitness Stretch U
Training * Available at headquarters: 2 weeks * At franchisee's location: as needed Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including:  Stretch Training Techniques  Basic Management BDP, & SOP training; financial and KPI training  Sales and marketing training  Software Training
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 Stretch U
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 Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Planet Fitness
Stretch U
Franchise Fee
Planet Fitness
Stretch U
Royalty Fee
Planet Fitness 7% of Gross Membership Fees
Stretch U 6%
Advertising Fee
Planet Fitness 9%
Stretch U 2%
Year Founded
Planet Fitness 1992
Stretch U 2010
Year Franchised
Planet Fitness 2003
Stretch U 2012
Term Of Agreement
Planet Fitness 10 years
Stretch U
Renewal Fee
Planet Fitness
Stretch U


Business Experience Requirements
Experience
Planet Fitness
Stretch U

Financing Options
 
Franchise Fees
Planet Fitness No
Stretch U No
Start-up Costs
Planet Fitness
Stretch U
Equipment
Planet Fitness}
Stretch U
Inventory
Planet Fitness
Stretch U
Receivables
Planet Fitness
Stretch U
Payroll
Planet Fitness
Stretch U

Training & Support
Training
Planet Fitness * Available at headquarters: 2 weeks * At franchisee's location: as needed
Stretch U Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including:  Stretch Training Techniques  Basic Management BDP, & SOP training; financial and KPI training  Sales and marketing training  Software Training
Support
Planet Fitness * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives
Stretch U
Marketing
Planet Fitness * Co-op advertising * Ad slicks * Regional advertising
Stretch U
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)
Stretch U

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
Stretch U Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
Canada Expansion
Planet Fitness
Stretch U
International Expansion
Planet Fitness
Stretch U