Start-Up Costs and Fees |
||
| Prime Time Boxing | Planet Fitness | |
| Investment | 119600 - 149250 | 968100 - 4113000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 1998 | 1992 |
| Year Franchised | 2007 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Prime Time Boxing | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Prime Time Boxing | Planet Fitness | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Prime Time Boxing | 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 |
||
| Prime Time Boxing | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Prime Time Boxing | |
| Planet Fitness | |
| Franchise Fee | |
| Prime Time Boxing | |
| Planet Fitness | |
| Royalty Fee | |
| Prime Time Boxing | 6% |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Prime Time Boxing | |
| Planet Fitness | 9% |
| Year Founded | |
| Prime Time Boxing | 1998 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Prime Time Boxing | 2007 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Prime Time Boxing | |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Prime Time Boxing | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Prime Time Boxing | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Prime Time Boxing | |
| Planet Fitness | |
| Start-up Costs | |
| Prime Time Boxing | |
| Planet Fitness | |
| Equipment | |
| Prime Time Boxing} | |
| Planet Fitness | |
| Inventory | |
| Prime Time Boxing | |
| Planet Fitness | |
| Receivables | |
| Prime Time Boxing | |
| Planet Fitness | |
| Payroll | |
| Prime Time Boxing | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Prime Time Boxing | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Prime Time Boxing | |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Prime Time Boxing | |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Prime Time Boxing | |
| 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 | |
| Prime Time Boxing | |
| 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 | |
| Prime Time Boxing | 0 |
| Planet Fitness | |
| International Expansion | |
| Prime Time Boxing | |
| Planet Fitness | |