Start-Up Costs and Fees |
||
| Slender Lady | Planet Fitness | |
| Investment | 50000 - 50000 | 968100 - 4113000 |
| Franchise Fee | 0 | |
| Royalty Fee | $395/495/mo. | 7% of Gross Membership Fees |
| Advertising Fee | 9% | |
| Year Founded | 1996 | 1992 |
| Year Franchised | 1997 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Slender Lady | Planet Fitness | |
| Experience | ||
Financing Options |
||
| Slender Lady | Planet Fitness | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Slender Lady | 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 | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | * 40% of all franchisees own more than one unit * Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
||
| Slender Lady | 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 | |
| Slender Lady | |
| Planet Fitness | |
| Franchise Fee | |
| Slender Lady | |
| Planet Fitness | |
| Royalty Fee | |
| Slender Lady | $395/495/mo. |
| Planet Fitness | 7% of Gross Membership Fees |
| Advertising Fee | |
| Slender Lady | |
| Planet Fitness | 9% |
| Year Founded | |
| Slender Lady | 1996 |
| Planet Fitness | 1992 |
| Year Franchised | |
| Slender Lady | 1997 |
| Planet Fitness | 2003 |
| Term Of Agreement | |
| Slender Lady | 7 years |
| Planet Fitness | 10 years |
| Renewal Fee | |
| Slender Lady | |
| Planet Fitness | |
Business Experience Requirements |
|
| Experience | |
| Slender Lady | |
| Planet Fitness | |
Financing Options |
|
| Franchise Fees | |
| Slender Lady | Yes |
| Planet Fitness | Yes |
| Start-up Costs | |
| Slender Lady | |
| Planet Fitness | |
| Equipment | |
| Slender Lady} | |
| Planet Fitness | |
| Inventory | |
| Slender Lady | |
| Planet Fitness | |
| Receivables | |
| Slender Lady | |
| Planet Fitness | |
| Payroll | |
| Slender Lady | |
| Planet Fitness | |
Training & Support |
|
| Training | |
| Slender Lady | |
| Planet Fitness | * Available at headquarters: 2 weeks * At franchisee's location: as needed |
| Support | |
| Slender Lady | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Planet Fitness | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
| Marketing | |
| Slender Lady | Co-op advertising, Ad slicks, National media, Regional advertising |
| Planet Fitness | * Co-op advertising * Ad slicks * Regional advertising |
| Operations | |
| Slender Lady | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| 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 | |
| Slender Lady | |
| 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 | |
| Slender Lady | |
| Planet Fitness | |
| International Expansion | |
| Slender Lady | |
| Planet Fitness | |