Start-Up Costs and Fees |
||
| Planet Fitness | Stroller Strides | |
| Investment | 968100 - 4113000 | 4009 - 17889 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | $175-480/month+2% |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 2001 |
| Year Franchised | 2003 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Stroller Strides | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Stroller Strides | |
| 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 | Stroller Strides | |
| 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 Strides | |
| 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 | |
| Stroller Strides | |
| Franchise Fee | |
| Planet Fitness | |
| Stroller Strides | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Stroller Strides | $175-480/month+2% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Stroller Strides | |
| Year Founded | |
| Planet Fitness | 1992 |
| Stroller Strides | 2001 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Stroller Strides | 2005 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Stroller Strides | 2-6 years |
| Renewal Fee | |
| Planet Fitness | |
| Stroller Strides | 20% of then current fee |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Stroller Strides | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Stroller Strides | No |
| Start-up Costs | |
| Planet Fitness | |
| Stroller Strides | |
| Equipment | |
| Planet Fitness} | |
| Stroller Strides | |
| Inventory | |
| Planet Fitness | |
| Stroller Strides | |
| Receivables | |
| Planet Fitness | |
| Stroller Strides | |
| Payroll | |
| Planet Fitness | |
| Stroller Strides | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Stroller Strides | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Stroller Strides | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Stroller Strides | |
| 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 Strides | |
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 Strides | |
| Canada Expansion | |
| Planet Fitness | |
| Stroller Strides | 0 |
| International Expansion | |
| Planet Fitness | |
| Stroller Strides | |