Start-Up Costs and Fees |
||
| Planet Fitness | Zoo Health Club | |
| Investment | 968100 - 4113000 | 47969 - 171799 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | greater of $399/ month or 7% |
| Advertising Fee | 9% | |
| Year Founded | 1992 | 0 |
| Year Franchised | 2003 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Fitness | Zoo Health Club | |
| Experience | ||
Financing Options |
||
| Planet Fitness | Zoo Health Club | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Fitness | Zoo Health Club | |
| 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 | Zoo Health Club | |
| 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 | |
| Zoo Health Club | |
| Franchise Fee | |
| Planet Fitness | |
| Zoo Health Club | |
| Royalty Fee | |
| Planet Fitness | 7% of Gross Membership Fees |
| Zoo Health Club | greater of $399/ month or 7% |
| Advertising Fee | |
| Planet Fitness | 9% |
| Zoo Health Club | |
| Year Founded | |
| Planet Fitness | 1992 |
| Zoo Health Club | 0 |
| Year Franchised | |
| Planet Fitness | 2003 |
| Zoo Health Club | 0 |
| Term Of Agreement | |
| Planet Fitness | 10 years |
| Zoo Health Club | |
| Renewal Fee | |
| Planet Fitness | |
| Zoo Health Club | |
Business Experience Requirements |
|
| Experience | |
| Planet Fitness | |
| Zoo Health Club | |
Financing Options |
|
| Franchise Fees | |
| Planet Fitness | No |
| Zoo Health Club | No |
| Start-up Costs | |
| Planet Fitness | |
| Zoo Health Club | |
| Equipment | |
| Planet Fitness} | |
| Zoo Health Club | |
| Inventory | |
| Planet Fitness | |
| Zoo Health Club | |
| Receivables | |
| Planet Fitness | |
| Zoo Health Club | |
| Payroll | |
| Planet Fitness | |
| Zoo Health Club | |
Training & Support |
|
| Training | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Zoo Health Club | |
| Support | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Zoo Health Club | |
| Marketing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Zoo Health Club | |
| 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) |
| Zoo Health Club | |
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 |
| Zoo Health Club | |
| Canada Expansion | |
| Planet Fitness | |
| Zoo Health Club | |
| International Expansion | |
| Planet Fitness | |
| Zoo Health Club | |