Start-Up Costs and Fees |
||
| Planet Fitness | Thrive Active Fitness Clubs | |
| Investment | 968100 - 4113000 | 140000 - 750000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 0 |
| Year Franchised | 2003 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Thrive Active Fitness Clubs | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Thrive Active Fitness Clubs | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Thrive Active Fitness Clubs | |
| 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 | Thrive Active Fitness Clubs | |
| 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 | |
| Thrive Active Fitness Clubs | |
| Franchise Fee | |
| Planet Fitness | |
| Thrive Active Fitness Clubs | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Thrive Active Fitness Clubs | |
| Advertising Fee | |
| Planet Fitness | 9% |
| Thrive Active Fitness Clubs | |
| Year Founded | |
| Planet Fitness | 1992 |
| Thrive Active Fitness Clubs | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Thrive Active Fitness Clubs | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Thrive Active Fitness Clubs | |
| Renewal Fee | |
| Planet Fitness | |
| Thrive Active Fitness Clubs | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Thrive Active Fitness Clubs | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Thrive Active Fitness Clubs | No |
| Start-up Costs | |
| Planet Fitness | |
| Thrive Active Fitness Clubs | |
| Equipment | |
| Planet Fitness} | |
| Thrive Active Fitness Clubs | |
| Inventory | |
| Planet Fitness | |
| Thrive Active Fitness Clubs | |
| Receivables | |
| Planet Fitness | |
| Thrive Active Fitness Clubs | |
| Payroll | |
| Planet Fitness | |
| Thrive Active Fitness Clubs | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Thrive Active Fitness Clubs | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Thrive Active Fitness Clubs | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Thrive Active Fitness Clubs | |
| 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) |
| Thrive Active Fitness Clubs | |
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 |
| Thrive Active Fitness Clubs | |
| Canada Expansion | |
| Planet Fitness | |
| Thrive Active Fitness Clubs | |
| International Expansion | |
| Planet Fitness | |
| Thrive Active Fitness Clubs | |