Start-Up Costs and Fees |
||
| Planet Fitness | Stroller Barre | |
| Investment | 968100 - 4113000 | 5000 - 35000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | $175-480/month+2% |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 0 |
| Year Franchised | 2003 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Stroller Barre | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Stroller Barre | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Stroller Barre | |
| 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 | Stroller Barre | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Planet Fitness | |
| Stroller Barre | |
| Franchise Fee | |
| Planet Fitness | |
| Stroller Barre | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Stroller Barre | $175-480/month+2% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Stroller Barre | |
| Year Founded | |
| Planet Fitness | 1992 |
| Stroller Barre | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Stroller Barre | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Stroller Barre | 2-6 years |
| Renewal Fee | |
| Planet Fitness | |
| Stroller Barre | 20% of then current fee |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Stroller Barre | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Stroller Barre | No |
| Start-up Costs | |
| Planet Fitness | |
| Stroller Barre | |
| Equipment | |
| Planet Fitness} | |
| Stroller Barre | |
| Inventory | |
| Planet Fitness | |
| Stroller Barre | |
| Receivables | |
| Planet Fitness | |
| Stroller Barre | |
| Payroll | |
| Planet Fitness | |
| Stroller Barre | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Stroller Barre | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Stroller Barre | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Stroller Barre | |
| 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) |
| Stroller Barre | |
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 |
| Stroller Barre | |
| Canada Expansion | |
| Planet Fitness | |
| Stroller Barre | |
| International Expansion | |
| Planet Fitness | |
| Stroller Barre | |