Start-Up Costs and Fees |
||
| Planet Fitness | Tiger-Rock Martial Arts | |
| Investment | 968100 - 4113000 | 133600 - 270700 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | $3.50/student/mo. |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 1983 |
| Year Franchised | 2003 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Tiger-Rock Martial Arts | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Tiger-Rock Martial Arts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Tiger-Rock Martial Arts | |
| 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 | Tiger-Rock Martial Arts | |
| 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 | 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 | |
| Tiger-Rock Martial Arts | |
| Franchise Fee | |
| Planet Fitness | |
| Tiger-Rock Martial Arts | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Tiger-Rock Martial Arts | $3.50/student/mo. |
| Advertising Fee | |
| Planet Fitness | 9% |
| Tiger-Rock Martial Arts | |
| Year Founded | |
| Planet Fitness | 1992 |
| Tiger-Rock Martial Arts | 1983 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Tiger-Rock Martial Arts | 2008 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Tiger-Rock Martial Arts | |
| Renewal Fee | |
| Planet Fitness | |
| Tiger-Rock Martial Arts | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Tiger-Rock Martial Arts | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Tiger-Rock Martial Arts | No |
| Start-up Costs | |
| Planet Fitness | |
| Tiger-Rock Martial Arts | |
| Equipment | |
| Planet Fitness} | |
| Tiger-Rock Martial Arts | |
| Inventory | |
| Planet Fitness | |
| Tiger-Rock Martial Arts | |
| Receivables | |
| Planet Fitness | |
| Tiger-Rock Martial Arts | |
| Payroll | |
| Planet Fitness | |
| Tiger-Rock Martial Arts | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Tiger-Rock Martial Arts | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Tiger-Rock Martial Arts | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Tiger-Rock Martial Arts | |
| 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) |
| Tiger-Rock Martial Arts | |
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 |
| Tiger-Rock Martial Arts | 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 | |
| Planet Fitness | |
| Tiger-Rock Martial Arts | |
| International Expansion | |
| Planet Fitness | |
| Tiger-Rock Martial Arts | |