Start-Up Costs and Fees |
||
| Pop Weight Loss | Planet Fitness | |
| Investment | 80750 - 146350 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 7% of Gross Membership Fees | |
| Advertising Fee | 9% | |
| Year Founded | 2012 | 1992 |
| Year Franchised | 2012 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Pop Weight Loss | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Pop Weight Loss | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Pop Weight Loss | Planet Fitness | |
| 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 |
||
| Pop Weight Loss | Planet Fitness | |
| 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 | |
| Pop Weight Loss | |
| Planet Fitness | |
| Franchise Fee | |
| Pop Weight Loss | |
| Planet Fitness | |
| Royalty Fee | |
| Pop Weight Loss | |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Pop Weight Loss | |
| Planet Fitness | 9% |
| Year Founded | |
| Pop Weight Loss | 2012 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Pop Weight Loss | 2012 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Pop Weight Loss | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Pop Weight Loss | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Pop Weight Loss | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Pop Weight Loss | |
| Planet Fitness | |
| Start-up Costs | |
| Pop Weight Loss | |
| Planet Fitness | |
| Equipment | |
| Pop Weight Loss} | |
| Planet Fitness | |
| Inventory | |
| Pop Weight Loss | |
| Planet Fitness | |
| Receivables | |
| Pop Weight Loss | |
| Planet Fitness | |
| Payroll | |
| Pop Weight Loss | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Pop Weight Loss | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Pop Weight Loss | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Pop Weight Loss | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Pop Weight Loss | |
| Planet Fitness | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Pop Weight Loss | |
| 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 |
| Canada Expansion | |
| Pop Weight Loss | |
| Planet Fitness | |
| International Expansion | |
| Pop Weight Loss | |
| Planet Fitness | |